Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) was ranked the 10th-most valuable company globally this year, market information advisory firm Visual Capitalist said.
TSMC sat on a market cap of about US$915 billion as of Monday last week, making it the 10th-most valuable company in the world and No. 1 in Asia, the publisher said in its “50 Most Valuable Companies in the World” list.
Visual Capitalist described TSMC as the world’s largest dedicated semiconductor foundry operator that rolls out chips for major tech names such as US consumer electronics brand Apple Inc, and artificial intelligence (AI) chip designers Nvidia Corp and Advanced Micro Devices Inc.
Photo: Reuters
The top 50 most valuable companies “hold immense sway over the global economy, shaping everything from technology to consumer trends,” it said.
Microsoft Corp led with a market cap of US$3.24 trillion, followed by Apple (US$2.97 trillion), Nvidia (US$2.78 trillion), Alphabet Inc — Google’s parent company — (US$2.0 trillion), Amazon.com Inc (US$1.98 trillion), Saudi Arabian Oil Co (US$1.62 trillion), Meta Platforms Inc (US$1.51 trillion), Berkshire Hathaway Inc (US$1.10 trillion) and Qualcomm Inc (US$944 billion).
The US has the most representation in this year’s rankings, with 32 companies, followed by China with five, Visual Capitalist said.
The two largest companies on the list — Microsoft and Apple — have frequently traded places as the world’s most valuable company over the past decade, it said, adding that both companies were incorporating AI applications into their products, which has contributed to the growth of their market cap.
Among the five Chinese companies on the list, Tencent Holdings Ltd (騰訊) ranked 16th globally, retaining its position as the most valuable company in China, Visual Capitalist said.
It was followed by the Industrial and Commercial Bank of China (中國工商銀行) at 28th, e-commerce giant Alibaba Group Holding Ltd (阿里巴巴) at 32nd, liquor brand Kweichow Moutai Co (貴州茅台) at 40th and the Agricultural Bank of China (中國農業銀行) at 44th.
Starlux Airlines Co (星宇航空) today unveiled a long-haul network expansion plan at a shareholders’ meeting in Taipei, including direct flights to Barcelona, Spain, and Zurich, Switzerland, as well as a service connecting Taipei, Sydney and New Zealand. Starlux is to become the first Taiwanese carrier to offer non-stop services to the two European cities, while the inaugural oceanic route is expected to expand transit opportunities within the Australia-New Zealand market, Starlux said. Flight services to Chicago, Dallas, Washington and New York are under evaluation, the airline added. Prior to the shareholders’ meeting, the airline earlier this year announced that it would be
Netherlands-based semiconductor equipment supplier ASML Holding NV yesterday said that it is planning to hire an additional 1,000 people in Taiwan this year in response to growing demand from clients. ASML had previously planned to recruit 600 people this year, but that the plan has been adjusted upward, ASML vice president and ASML Taiwan general manager Grace Wang (汪佳慧) told reporters. ASML has a workforce of more than 4,500 in Taiwan, accounting for about 10 percent of its global total, Wang said. This year’s recruitment campaign would focus on adding people in the customer support, manufacturing and supply chain domains to assist ASML
Cairo’s new monorail slices across the city skyline, running above the familiar chaos of blaring horns and aging buses’ exhaust fumes that mark rush hour below. The US$4.5 billion monorail, opened this month, is among Egypt’s most prominent new transport projects, part of a debt-funded infrastructure drive criticized for sapping state finances while bringing limited benefits to most of the country’s 109 million people. “It feels like you’re in a different country,” said Ramy Sayed, a restaurant manager, aboard a driverless Innovia 300 train. “No noise, no traffic, we’re not used to this.” The eastern line runs 56km from the bustling middle-class
UNDER MICROSCOPE: Taiwan detained three people who allegedly conspired to buy servers in Taiwan and export them using fraudulent documentation, prosecutors said Nvidia Corp chief executive officer Jensen Huang (黃仁勳) on Saturday urged Super Micro Computer Inc to tighten up on compliance after Taiwan detained three people this week for allegedly making fraudulent declarations about artificial intelligence (AI) servers made by its US partner. The development marked the nation’s first crackdown on semiconductor smuggling, which grew after the US slapped restrictions on exports of high-end chips such as Nvidia AI accelerators to China. Nvidia is “rigorous” in explaining regulations to all of its partners, Huang told reporters after arriving in Taipei. “Ultimately Super Micro has to run their own company,” he said in response to
RSS