TSMC Breaks $1 Trillion Market Cap, Leads Semiconductor Boom

Published 9 hours agoTSM

TSMC Breaks $1 Trillion Market Cap, Leads Semiconductor Boom

Taiwan Semiconductor Manufacturing Company (TSMC) has achieved a historic milestone as the first Asian company to exceed a $1 trillion market capitalization. This achievement came in June 2024 and was largely fueled by increasing demand for advanced semiconductors, underscoring TSMC's pivotal role in pushing the semiconductor industry into a $1 trillion era.

TSMC's technological leadership is clear with its advanced 3-nanometer and 5nm process technologies, which together accounted for 69% of its wafer revenues in a recent quarter. The company is also experiencing rapid growth in the high-performance computing sector, particularly with AI chips now generating over half of TSMC's revenue. TSMC plans for its AI-related chip revenue to triple in the coming years, highlighting its strategic focus on AI.

Strategic expansion is a key part of TSMC's growth, with planned new factories in the U.S., Germany, and Japan. In particular, a new Arizona facility is being developed with over $6 billion in support from the U.S. CHIPS Act. TSMC's dominance in the industry, paired with its strategic importance in the geopolitical landscape, especially amid U.S.-China tensions, positions it as a critical player in the ongoing evolution of the semiconductor industry. Reuters reported that the company's stock in the U.S. saw a slight change recently, trading at $179.28, with a modest movement of $6.63.

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