Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, has been ranked 48th globally in terms of market capitalization, according to accounting firm PricewaterhouseCoopers Taiwan (PwC).
In a report last year on market capitalization, PwC said that TSMC was the only Taiwanese company that made the top 100 rankings.
TSMC’s market cap had increased by US$9 billion from a year earlier to US$130 billion as of the end of March, the report showed.
In the report, PwC said the world’s top 100 firms saw their combined market capitalization fall 4 percent from a year earlier to US$15.58 billion, the first annual decline since the 2008-2009 global financial crisis.
The drop largely reflected an economic slowdown in China and Europe, PwC said.
US-based companies accounted for 54 spots on this year’s list, including the top 10, which PwC said reflected the US firms’ innovation capability, financial strength and global expansion strategies.
The top 10 firms on the list are Apple Inc; Alphabet Inc, which is the parent of Google; Microsoft Corp; Berkshire Hathaway Inc, controlled by investment guru Warren Buffett; Exxon Mobil Corp; Facebook Inc; Johnson & Johnson; General Electric Co; Amazon.com Inc; and financial giant Wells Fargo & Co, in that order.
Although Apple remained at the top of the list this year, its market capitalization fell by an annual 17 percent, while Alphabet rose 38 percent from a year earlier, the report said.
European companies accounted for 19 percent of the total market capitalization worldwide and made up 24 of the listings in the rankings, PwC said.
A total of 11 firms in China and Hong Kong were listed among the top 100 in the report, with a combined market capitalization of US$1.78 trillion, making up 11 percent of the world’s total.
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