Taiwan Semiconductor Manufacturing Company Limited crossed an essential threshold by surpassing a $1 trillion market capitalization, becoming the first Asian company to do so since 2007. TSMC manufactures advanced computer chips critical for AI applications and serves tech giants like Nvidia and Apple. Its market cap currently stands at approximately $1.2 trillion, bolstered by a surge in chip demand amid the AI boom. Currently, there are 11 companies valued at $1 trillion or more, with Nvidia as the most valuable, having reached a $4 trillion cap this month.
Taiwan Semiconductor Manufacturing Company Limited recently achieved a $1 trillion market capitalization, making it the first Asian company to reach this milestone since PetroChina in 2007.
TSMC is experiencing a surge in demand for its chips due to the growing artificial intelligence industry, which has significantly contributed to its current market valuation.
Currently, there are 11 companies with a market cap of $1 trillion or more, with TSMC being the most recent addition to this elite group.
Nvidia stands out as the most valuable company globally, having also reached a $4 trillion market cap earlier this month.
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