TSMC doubles market cap, climbs to ninth in rankings - Taipei Times

Taiwan Semiconductor Manufacturing Co. (TSMC) has more than doubled its market capitalization over the past year, climbing from 12th to 9th place among the world’s top 100 most valuable companies. Acc... Read original →

TSMC’s leap to ninth globally reflects the monetization of its AI-driven manufacturing monopoly. Its 3nm and EUV capabilities have locked in NVIDIA, Apple, and others into a co-dependent design-fabrication loop, accelerating the shift from generic to custom silicon in AI data centers. Yet geopolitical friction is inflating compliance costs: U.S. CHIPS Act and EU subsidies effectively mandate localized capacity, raising capex burdens. With Taiwan, China accounting for over 60% of global foundry output, supply chain diversification pressures are mounting—evident in Hon Hai’s Philippine investments. Intel and Samsung’s 2nm efforts remain hampered by yield and ecosystem gaps. Over the next 12–24 months, TSMC’s ability to balance high valuation with geopolitical adaptability will determine whether its premium holds amid rising ‘heavy asset, low obsolescence’ investor scrutiny.