TSMC became the first Taiwanese business to exceed a $1 trillion market capitalization.
Taiwan Semiconductor Manufacturing Company crossed the $1 trillion valuation threshold in 2024 as demand for advanced chips and artificial-intelligence computing drove its share price higher. The milestone reflected investor expectations for continued growth in semiconductor manufacturing and advanced process technology.
TSMC is the world’s largest dedicated semiconductor foundry. Rather than primarily selling chips under its own consumer brand, it manufactures designs created by companies such as Apple, Nvidia, and AMD. This business model makes TSMC a critical supplier across smartphones, data centers, and high-performance computing.
The company is commonly called TSMC, while its full English name is Taiwan Semiconductor Manufacturing Company. Its market-cap record concerns the listed company, not the total value of Taiwan’s semiconductor industry or the market value of its major customers.