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.
SETBACK: Apple’s India iPhone push has been disrupted after Foxconn recalled hundreds of Chinese engineers, amid Beijing’s attempts to curb tech transfers Apple Inc assembly partner Hon Hai Precision Industry Co (鴻海精密), also known internationally as Foxconn Technology Group (富士康科技集團), has recalled about 300 Chinese engineers from a factory in India, the latest setback for the iPhone maker’s push to rapidly expand in the country. The extraction of Chinese workers from the factory of Yuzhan Technology (India) Private Ltd, a Hon Hai component unit, in southern Tamil Nadu state, is the second such move in a few months. The company has started flying in Taiwanese engineers to replace staff leaving, people familiar with the matter said, asking not to be named, as the
The prices of gasoline and diesel at domestic fuel stations are to rise NT$0.1 and NT$0.4 per liter this week respectively, after international crude oil prices rose last week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) announced yesterday. Effective today, gasoline prices at CPC and Formosa stations are to rise to NT$27.3, NT$28.8 and NT$30.8 per liter for 92, 95 and 98-octane unleaded gasoline respectively, the companies said in separate statements. The price of premium diesel is to rise to NT$26.2 per liter at CPC stations and NT$26 at Formosa pumps, they said. The announcements came after international crude oil prices
SinoPac Financial Holdings Co (永豐金控) is weighing whether to add a life insurance business to its portfolio, but would tread cautiously after completing three acquisitions in quick succession, president Stanley Chu (朱士廷) said yesterday. “We are carefully considering whether life insurance should play a role in SinoPac’s business map,” Chu told reporters ahead of an earnings conference. “Our priority is to ensure the success of the deals we have already made, even though we are tracking some possible targets.” Local media have reported that Mercuries Life Insurance Co (三商美邦人壽), which is seeking buyers amid financial strains, has invited three financial
CAUTION: Right now, artificial intelligence runs on faith, not productivity and eventually, the risk of a bubble will emerge,’ TIER economist Gordon Sun said Taiwanese manufacturers turned more optimistic last month, ending a five-month streak of declining sentiment as concerns over US tariffs, currency volatility and China’s overcapacity began to ease, the Taiwan Institute of Economic Research (TIER) said yesterday. The manufacturing business confidence index rose 1.17 points from June to 86.8, its first rebound since February. TIER economist Gordon Sun (孫明德) attributed the uptick to fading trade uncertainties, a steadier New Taiwan dollar and reduced competitive pressure from Chinese producers. Taiwan’s semiconductor industry is unlikely to face significant damage from Washington’s ongoing probe into semiconductors, given the US’ reliance on Taiwanese chips to power artificial
RSS