On June 20, TSMC briefly surpassed Berkshire Hathaway to become the first Asian company with a market capitalization exceeding one trillion dollars and became the eighth most valuable company in the world. This quiet rise of TSMC stems from its supply of semiconductors to technology giants such as Apple, AMD, Intel, Nvidia and Qualcomm.

TSMC also plays an important role in cryptocurrency mining. TSMC semiconductors are used in mining devices such as Bitmain's popular Antminer models. 98% of devices used for Bitcoin mining in China contain TSMC chips.

TSMC's market cap is now down to $859.69 billion, but the company's unique position allows it to benefit from the success of its competitors. If the growth in the artificial intelligence sector continues, TSMC could surpass Meta and become one of the most valuable companies in the world.

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