Asian firm reaches USD1 trillion valuation for first time
(MENAFN) Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest chipmaker, has become the first Asian company to achieve a market capitalization of $1 trillion, according to trading data. TSMC reached this milestone on Friday and has sustained that valuation since.
The company’s surge is driven by soaring global demand for cutting-edge AI chips, placing it in the exclusive trillion-dollar club alongside US tech giants like Nvidia, Apple, Microsoft, Alphabet, Amazon, and Meta. The only other non-US company in this group is Saudi Arabia’s oil giant, Saudi Aramco.
TSMC is a vital part of the global technology supply chain, producing semiconductors for major American firms including Nvidia and Apple. In 2024, about 70% of TSMC’s revenue came from North American clients, according to Reuters. Last week, the company raised its revenue growth forecast for the year to approximately 30%.
Earlier this year, then-US President Donald Trump threatened tariffs up to 100% on foreign-made semiconductors, including those from Taiwan, aiming to boost domestic chip production. However, when the tariffs were introduced in April, semiconductors were excluded.
In March, TSMC announced a major expansion of its US investment, adding $100 billion to a prior commitment of $65 billion to build advanced semiconductor facilities in Phoenix, Arizona. This initiative is described by TSMC as the largest single foreign direct investment in US history.
Taiwan operates as a self-governed island, but China claims it as part of its territory and opposes any foreign involvement, insisting on eventual reunification.
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