Taiwan Semiconductor Manufacturing Company (TSMC) has reached a market capitalisation of TWD 29.30 trillion (~$1.03 trillion), matching that of electric carmaker Tesla in valuation.
As of July 22, TSMC’s stock stood at TWD 1,130, with a high of TWD 1,160 and 0.89% growth over the past five trading days. TSMC became only the third semiconductor company, after NVIDIA and Broadcom, to hit the $1 trillion mark.
This isn’t the first time TSMC has brushed against the trillion-dollar milestone. In July last year, the chipmaker briefly hit this mark before slipping amid market fluctuations.
The company remains a critical supplier of advanced chips to global firms like Apple and NVIDIA. With this rise, TSMC joins the ranks of trillion-dollar firms, including Apple (~$3.17 trillion), Microsoft (~$3.79 trillion) and Alphabet (~$2.31 trillion).
NVIDIA currently leads the tech sector with a valuation of $4.18 trillion, as of today. TSMC’s next earnings call and its developments in 2nm and 1.4nm technologies are expected to influence the stock’s trajectory in Q3.
For its recent Q2 FY26 results, TSMC announced consolidated revenue of $30.07 billion, representing a 44.4% year-over-year increase and a 17.8% quarter-over-quarter increase. In the second quarter, the company’s shipments accounted for 24% of total wafer revenue for 3 nm, 36% for 5nm, and 14% for 7nm.
“Our business in the second quarter was supported by continued robust AI and HPC-related demand,” Wendell Huang, senior VP and chief financial officer of TSMC, said. “Moving into third quarter 2025, we expect our business to be supported by strong demand for our leading-edge process technologies.”
In October last year, for Q2 FY25, the chip maker had outpaced its rivals, Samsung and Qualcomm, in the semiconductor foundry space with its advanced technology, manufacturing capabilities, research and strategic partnerships.
Earlier in June, TSMC accelerated the construction of its second chip plant in Arizona, following an additional $100 billion investment in the United States announced in March. This came amid growing geopolitical concerns and efforts to diversify its manufacturing base outside Taiwan.
The company also made headlines after rejecting an invitation to set up factories in India, citing concerns around infrastructure and supply chain readiness. Meanwhile, Meta was reported to be in talks with TSMC to manufacture its first in-house AI chip, expanding the chipmaker’s growing list of global tech clients.
