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.
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