TSMC became Asia’s most valuable listed company in 2024 amid the AI-chip boom.
Taiwan Semiconductor Manufacturing Company, usually called TSMC, rose to the top of Asia’s listed-company market-cap rankings in 2024 as investors anticipated strong demand for advanced chips used in artificial-intelligence systems. Its valuation surpassed other major Asian corporations during that period.
TSMC is the world’s leading dedicated semiconductor foundry. It manufactures chips designed by companies such as Apple, AMD, and many AI-chip developers, while generally not selling processors under its own consumer brand. This “foundry” model separates chip design from manufacturing.
TSMC’s importance comes from its advanced process technology and huge production scale. Market capitalization measures investor expectations as well as current profits, so the ranking reflected anticipated future demand, not simply the value of factories or annual sales.