A new member has entered the world’s exclusive trillion-dollar club – and this time it is not a Silicon Valley giant.
Taiwan Semiconductor Manufacturing Co (ADR) (NYSE:TSM) closed above a $1 trillion market valuation in Taipei last week, propelled by booming demand for chips used in artificial intelligence.
TSMC is the main supplier to the tech sector and joining the ranks of the world’s most valuable companies alongside Nvidia, Apple, Alphabet and Meta.
Its shares have surged by nearly 50% since April, making it the first Asian stock to pass the trillion-dollar mark since PetroChina briefly reached the milestone in 2007.
Investor optimism is running high after TSMC raised its revenue growth forecast for the year to about 30%.
Analysts cite strong demand for advanced chips and the ongoing AI boom as reasons for further price hikes and margin resilience, helping TSMC cement its dominance in the semiconductor sector.