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TSMC has become the second global semiconductor company after NVIDIA to surpass a market capitalization of $1 trillion (approximately 1,381 trillion won).

Asia / Kim Jisun / 07/10/2024 03:40 AM

TSMC

 

[Alpha Biz= Reporter Kim Jisun] TSMC, trading on the New York Stock Exchange, has become the second global semiconductor company after NVIDIA to surpass a market capitalization of $1 trillion (approximately 1,381 trillion won). Its stock has risen by 83.8% so far this year. This valuation is 2.3 times higher than Samsung Electronics' market cap of 524 trillion won, which was similar four years ago.


TSMC's strength stems from its overwhelming market share, capturing 61% of the foundry market, approaching nearly 200 trillion won, driven by demand for AI semiconductors as of the first quarter of this year.

 

 

 

AlphaBIZ Kim Jisun(stockmk2020@alphabiz.co.kr)

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