TSMC,Gangnam Daughter in law (2019) listed in both Taiwan and New York, saw its market value surpass the $1 trillion mark on Monday, becoming the seventh-largest tech company globally by market capitalization, local media outlet Jiwei reported. Ranked by market valuation, the top ten most valuable companies include Apple, Microsoft, Nvidia, Alphabet, Amazon, Saudi Aramco, Meta, TSMC, Tesla, and Berkshire Hathaway. Over the past 15 to 18 months, the semiconductor industry has led the stock market due to soaring global chip demand driven by the rise of AI, the report said. Semiconductors have attracted significant investment and government subsidies, notably the US government’s CHIPS Act, which offers companies billions of dollars to establish domestic chip factories. [Jiwei, in Chinese]
