TSMC Becomes First Asian Firm to Reach a Market Capitalization of More Than a Trillion Dollars

Taiwan Semiconductor Manufacturing Company Limited, more commonly known as TSMC, became the first Asian firm to reach a market capitalization of more than a trillion dollars as it briefly surpassed Berkshire Hathaway on June 20 to become the eight most valuable company in the world.

Taiwan Semiconductor Manufacturing Company Limited (TSMC), also known as the world’s largest semiconductor foundry, briefly became the eighth most valuable company in the world on June 20.

The company reached a market capitalization of more than a trillion dollars, surpassing Berkshire Hathaway and placing it among the top ten valuable firms globally.

However, as of the time of this article’s publication, TSMC has retreated from this milestone, with its market capitalization now standing at $859.69 billion, ranking it ninth on the list.

TSMC is now behind Berkshire Hathaway, which holds the eighth position with a market capitalization of $863.4 billion. At the same time, TSMC is ahead of Eli Lilly, which ranks tenth with a market capitalization of $847.03 billion, and Tesla, which ranks 11th with a market capitalization of $839.04 billion.

TSMC’s rise to the top of the world’s most valuable companies is largely due to its massive portfolio of tech and manufacturing giants who source its semiconductors.

Apple is TSMC’s largest customer, accounting for about a fifth of its total revenue. This is mainly due to the use of TSMC semiconductors in iPhones.

Other major customers include AMD, Intel, Nvidia, and Qualcomm. Notably, Global competitors like AMD, Intel, and Nvidia use TSMC as a fabricator for some of their chips.

TSMC also has a strong presence in cryptocurrency mining, with its semiconductors being used in a majority of the miners, including the world’s most popular Bitmain Antminer models.

In China, 98% of the rigs used to mine Bitcoin are reportedly made by Bitmain and feature TSMC semiconductors.

Additionally, Samsung has used the company’s chips to build out its mining business.

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