The invention provides a transient voltage suppressor for fuse protection. The transient voltage suppressor comprises a first metal lead, a semiconductor material, a fuse and a second metal lead, which are sequentially encapsulated in an insulating packaging material from bottom to top. According to the invention, the fuse is integrated into the transient voltage suppressor to form a transient voltage suppressor with a fuse protection function. Once an overcurrent event occurs in the circuit, the fuse is disconnected, the current is cut off, and the effect of preventing the transient voltage suppressor from being damaged due to overheating is achieved. Upstream and downstream devices and equipment in the circuit can be better protected. Meanwhile, the fuse is packaged together with other parts of the transient voltage suppressor through a packaging mode, and a fuse does not need to be additionally connected in series. The occupied space of the circuit board is greatly saved, and the problems that the space layout is limited or changed are avoided.