Taiwan’s chip giant TSMC has entered the list of trillion dollar companies. As a result, the company got the title of the most valuable company in the world and the most valuable company in Asia as well.
According to the news, the company has risen to the seventh position in the list of the most expensive technology companies in the world, surpassing Tesla. Microsoft and Apple are currently leading the list of the 10 most valuable companies in the world. And breathing down their necks is the AI chip giant Nvidia, where the company has once again exceeded the global market value of three trillion dollars on Wall Street.
Next on the list are Google and Amazon, respectively, who recently crossed the $2 trillion milestone. Saudi oil giant ‘Aramco’ has dropped to sixth position in the list, followed by TSMC and Tesla respectively.
Following the rise of generative AI technology, demand for chips has increased globally, with the sector showing potential to expand more sustainably. Chip-making companies aren’t just attracting investors; Rather, they are getting subsidies from the government. And through this the companies are moving forward.
