Taiwan Chipmaker TSMC Becomes Asia Most Valuable Company with $560 Billion Market Value, Overtakes Tencent & Alibaba
20th August 2021 | Hong Kong
Taiwan Semiconductor Manufacturing Company (TSMC), Taiwanese chipmaker & major supplier to Apple founded in 1987, has become Asia’s most valuable company with market capitalization of $560 billion, overtaking Tencent with $538 billion and Alibaba with $451 billion market capitalization (20/8/21). The recent China crackdown on China technology companies had caused Chinese technology share prices to fall, including Tencent share price falling 45% (Jan 2021) and Alibaba share price falling 42% (Feb 2021), while the world’s most valuable semiconductor company TSMC share price had been stable throughout 2021, and is expected to grow with strong global demand for chips across industries from electric vehicles to 5G mobile phones. Read More: China Crackdown
“ TSMC Becomes Asia Most Valuable Company with $560 Billion Market Value “
TSMC Founded in 1987 by Morris Chang
Taiwan Semiconductor Manufacturing Company (TSMC) is founded in 1987 in Taiwan by Morris Chang, who retired in 2018. TSMC is the world’s most valuable semiconductor company and produces a range of products for mobile devices, high performance computing, automotive electronics and the Internet of Things (IoT). Today, TSMC and its subsidiaries employs more than 56,000 people worldwide. In 2020, TSMC reported revenue of $46.7 billion and net earnings fo $20.3 billion.
Founder of TSMC Morris Chang is one of Taiwan’s richest man and billionaire with around $2 billion to $3 billion of personal fortune.
- TSMC is listed on TSE and NYSE, American depositary receipt
- Tencent is listed on HKEX and NASDAQ, American depositary receipt
- Alibaba is listed on NYSE and HKEX
NYSE ~ New York Stock Exchange, TSE ~ Taiwan Stock Exchange, HKEX ~ Hong Kong Exchange & Clearing
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