TSMC Becomes First Asian Company to Surpass $1 Trln in Market Value

Taiwan Semiconductor Manufacturing Company (TSMC) has become the first Asian company to reach a market capitalisation of $1 trln, closing at a record high on July 18, Forbes reports. The surge reflects growing investor confidence in the firm’s dominance as the leading global semiconductor manufacturer, amid a booming demand for artificial intelligence (AI) technologies.

According to Bloomberg, the company’s value reached NT$29.82 trln ($1.013 trln) on the Taiwan Stock Exchange, with its shares closing at NT$1,150 ($39.10). Meanwhile, its US-listed depositary receipts closed at $240.40 on July 18 and continued to rise slightly in premarket trading on July 21.

The stock has climbed nearly 50% since its April low, propelled by investor optimism that TSMC will further cement its lead in chipmaking for tech giants like Apple and Nvidia. TSMC had previously been the second Asian firm to approach this milestone after China’s PetroChina briefly surpassed $1 trln in 2007.

Strong financials and AI momentum fuel investor confidence

TSMC’s second-quarter earnings exceeded expectations, with revenue up nearly 39% year-on-year to NT$933.79 bn ($31.7 bn). Net profit surged by almost 61% to NT$398.27 bn ($13.5 bn). The company also raised its full-year revenue growth forecast to around 30%, citing continued demand from AI clients.

Analysts at Goldman Sachs noted that TSMC remains optimistic about the strength of advanced chip technologies, particularly given the sustained interest from the AI sector.

The company’s performance signals not only its resilience but also the intensifying importance of semiconductor supply in the global AI race. As industry leaders expand their reliance on TSMC’s cutting-edge chips, the firm is poised to benefit further from the tech sector’s AI-driven evolution.

Kursiv also reports that Microsoft is fast approaching a $4 trln market valuation.