# Taiwan's TSMC Crosses $1 Trillion Market Cap Amid AI Frenzy

**URL:** <https://onehack.st/t/taiwans-tsmc-crosses-1-trillion-market-cap-amid-ai-frenzy/286714>\
**Category:** News & Articles\
**Tags:** business\
**Created:** [July 12, 2024, 9:53am UTC](https://onehack.st/t/taiwans-tsmc-crosses-1-trillion-market-cap-amid-ai-frenzy/286714 "2024-07-12T09:53:43Z")\
**Posts on this page:** 1\
**Page:** 1

<div class="post-metadata">

**Author:** ![Nina](https://onehack.st/user_avatar/onehack.st/nina/32/86958_2.png) [@Nina](https://onehack.st/u/Nina)\
**Post date:** [July 12, 2024, 9:53am UTC](https://onehack.st/t/taiwans-tsmc-crosses-1-trillion-market-cap-amid-ai-frenzy/286714/1 "2024-07-12T09:53:43Z")

</div>

**Summary:**

1. Taiwan’s **TSMC** hit a **record high** in Q2 revenue, fueled by **booming AI demand** , making it **Asia’s most valuable company** with a **$1 trillion market cap**.

2. **Foreign investors** have poured **$4.8 billion** into Taiwan’s stock market, primarily benefiting **TSMC** , whose customers include **Nvidia** and **Apple**.

3. **TSMC shares** have surged nearly **80% this year** , vastly outperforming the **Taiwan SE Weighted Index** , which is up **35%**.

[Read more on Reuters](https://www.reuters.com)