Taipei: Taiwan Semiconductor Manufacturing Co. (TSMC) has been ranked as the 10th most valuable company globally in 2025, according to Canadian-based market information advisory firm Visual Capitalist. TSMC’s market cap stood at approximately US$915 billion as of May 5, making it the top company in Asia in terms of market value.

According to Focus Taiwan, TSMC is described as the world’s largest dedicated semiconductor foundry operator, producing chips for major technology companies such as Apple Inc., Nvidia Corp., and Advanced Micro Devices, Inc. (AMD). The firm emphasized that the top 50 most valuable companies, including TSMC, have significant influence over the global economy, impacting technology and consumer trends.

As of May 5, the rankings were led by U.S. tech giant Microsoft Corp. with a market cap of US$3.24 trillion, followed by Apple (US$2.97 trillion), Nvidia (US$2.78 trillion), Alphabet Inc. (US$2.0 trillion), and Amazon.com Inc. (US$1.98 trillion). Saudi Arabian Oil Co., Meta Platforms, Inc., Berkshire Hathaway Inc., Qualcomm Inc., and TSMC round out the top ten.

According to Visual Capitalist, the United States dominates the 2025 rankings with 32 companies, while China follows with five. The frequent market cap leadership changes between Microsoft and Apple are attributed to their incorporation of AI applications, which has fueled recent growth.

Visual Capitalist reports that among the Chinese companies, Tencent Holdings Ltd. ranks 16th globally, making it the most valuable in China, followed by the Industrial and Commercial Bank of China, Alibaba Group Holding Ltd., Kweichow Moutai Co., and the Agricultural Bank of China.