Taiwan Semiconductor Manufacturing Company (TSMC1,120 Taiwanese dollars (34.03 USD, 33 euros), surpassing its previous record of 1,090 Taiwanese dollars.
A Year of Explosive Growth
Performance on the Taiwan Stock Exchange has been exceptional, with an increase of 92.11% over the last 12 months, far exceeding the growth of the island’s stock index, which rose by 33.75% during the same period. On the New York Stock Exchange, TSMC’s ADRs (American Depositary Receipts) also hit a new high of 208.61 USD (202.25 euros), bringing the company’s market capitalization to 1.08 trillion USD.
Financial Results and Market Leadership
TSMC reported a record net profit of 325.26 billion Taiwanese dollars (9.883 billion USD, 9.582 billion euros) in the third quarter of 2024, driven by increasing demand for advanced semiconductors. The company maintains a global market share of 64.9%, well ahead of Samsung (9.3%) and SMIC (6%), according to data from consulting firm TrendForce.
TSMC’s dominance has been fueled by the surge in devices and applications powered by Artificial Intelligence (AI), which require high-precision and efficient semiconductors. Its technology has been key to cutting-edge products from clients like Apple, Nvidia, AMD, and Qualcomm.
Impact on the TWSE Index and the Tech Sector
TSMC’s performance has had a positive impact on the TWSE index of the Taiwan Stock Exchange, which recorded a 2.6% increase by midday on Monday. This growth reinforces the influence of the tech industry on the Taiwanese economy and its global relevance.
Future Outlook
TSMC’s strong position in the semiconductor market, combined with its capacity for innovation and leadership in advanced chip manufacturing, ensures a promising future in a sector critical to digital transformation. With fourth-quarter 2024 results around the corner, analysts anticipate record figures that will further cement TSMC’s role as an undisputed leader in the global tech industry.