Asian company achieves $1 trillion valuation for first time
The surge, fueled by relentless global demand for advanced AI chips, placed TSMC in the trillion-dollar market cap club alongside US tech giants Nvidia, Apple, Microsoft, Google parent Alphabet, Amazon, and Meta. The only other non-US member in the club is Saudi Aramco, the national oil and gas company of Saudi Arabia.
TSMC plays a critical role in the global tech supply chain, manufacturing semiconductors for major American customers, including Nvidia and Apple. In 2024, North American clients accounted for an estimated 70% of the company's total revenue, according to Reuters. Last week, TSMC raised its full-year revenue growth forecast to around 30%.
In January, US President Donald Trump threatened to impose tariffs of up to 100% on foreign-made semiconductors – including chips from Taiwan – as part of a push to revive domestic manufacturing.
In March, TSMC announced a massive boost to its investment in the US, pledging an additional $100 billion on top of a previously committed $65 billion for advanced semiconductor manufacturing operations in Phoenix, Arizona. TSMC has described the project as the 'largest-ever single foreign direct investment in US history.'
When Trump's 'Liberation Day' tariffs were unveiled in April, semiconductors were excluded.
Taiwan is a self-governed island that China views as part of its own territory. Beijing insists on eventual reunification, opposing foreign interference.
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