Previously, the company surpassed Intel and Samsung Electronics in terms of revenue
Shares of the largest semiconductor manufacturer, the Taiwanese company TSMC (Taiwan Semiconductor Manufacturing Company), reached an all-time high, rising to almost $23 during the day, according to data from the Taiwan Exchange (TWSE).
At the end of trading, the stock price was $22.92 per share, which is also a record since the initial public offering (IPO) in 1994. During the day, shares rose by 4.8%, and since the beginning of the year the share price has increased by 22%, bringing the company's market capitalization to $597 billion and bringing it closer to the top ten largest companies in the world.
Experts believe that this dynamic is due to the increasing popularity of artificial intelligence around the world. TSMC is the main supplier of semiconductors for such giants as Nvidia and Apple.
In addition, on February 5, the company became the world's largest chip manufacturer by revenue, overtaking Intel and Samsung Electronics.