Taiwanese chipmaker TSMC’s market capitalization has surged amid booming AI demand
The world’s largest chipmaker, Taiwan Semiconductor Manufacturing Co. (TSMC), has become the first Asian company to reach market capitalization of $1 trillion, according to trading data. TSMC first reached the milestone on Friday and has maintained the valuation since.
The surge, fueled by relentless global demand for advanced AI chips, placed TSMC in the trillion-dollar market cap club alongside US tech giants Nvidia, Apple, Microsoft, Google parent Alphabet, Amazon, and Meta. The only other non-US member in the club is Saudi Aramco, the national oil and gas company of Saudi Arabia.
TSMC plays a critical role in the global tech supply chain, manufacturing semiconductors for major American customers, including Nvidia and Apple. In 2024, North American clients accounted for an estimated 70% of the company’s total revenue, according to Reuters. Last week, TSMC raised its full-year revenue growth forecast to around 30%.
In January, US President Donald Trump threatened to impose tariffs of up to 100% on foreign-made semiconductors – including chips from Taiwan – as part of a push to revive domestic manufacturing.
Read more AI fueling energy price rises in US – FTIn March, TSMC announced a massive boost to its investment in the US, pledging an additional $100 billion on top of a previously committed $65 billion for advanced semiconductor manufacturing operations in Phoenix, Arizona. TSMC has described the project as the “largest-ever single foreign direct investment in US history.”
When Trump's ‘Liberation Day’ tariffs were unveiled in April, semiconductors were excluded.
Taiwan is a self-governed island that China views as part of its own territory. Beijing insists on eventual reunification, opposing foreign interference.
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