TSMC secured the ninth spot in the PwC Global Top 100 rankings. The chipmaker’s market capitalization doubled over the past year to reach $1.427 trillion as of March 31. This represents the fastest growth rate among the world's ten largest firms.
Surging demand for artificial intelligence devices and semiconductors drove the valuation increase. This growth solidifies Taiwan’s critical position within the global technology supply chain.
TSMC shares rose nearly 1% in premarket trading on Tuesday. The movement follows renewed investor interest in large-cap technology and semiconductor stocks.