Taiwan Chipmaker TSMC Becomes Asia Most Valuable Company with $560 Billion Market Value, Overtakes Tencent & Alibaba 20th August 2021 | Hong Kong Taiwan Semiconductor Manufacturing Company (TSMC), Taiwanese chipmaker & major supplier to Apple founded in 1987, has become Asia’s most valuable company with market capitalization of $560 billion, overtaking Tencent with $538 billion and Alibaba with $451 billion market capitalization (20/8/21). The recent China crackdown on China technology companies had caused Chinese technology share prices falling including Tencent to decline 45% (Jan 2021) and Alibaba to decline 42% (Feb 2021), while the world’s most valuable semiconductor company TSMC share price had been stable throughout 2021, and is expected to grow with strong global demand for chips across industries from electric vehicles to 5G mobile phones. Read More: China Crackdown “ TSMC Becomes Asia Most Valuable Company with $560 Billion Market Value “ [2020 List of Private Banks in Hong Kong] [2020 List of Private Banks in Singapore] [2020 Top 10 Largest Family Office] [2020 Top 10 Largest Multi-Family Offices] [2020 Report: Hong Kong Private Banks & Asset Mgmt – $4.49 Trillion] [2020 Report: Singapore Asset Mgmt – $3.48 Trillion AUM] TSMC Founded in 1987 by Morris Chang Taiwan Semiconductor Manufacturing Company (TSMC) is founded in 1987 in Taiwan by Morris Chang, who retired in 2018. TSMC is the world’s most valuable semiconductor company and produces a range of products for mobile devices, high performance computing, automotive electronics and the Internet of Things (IoT). Today, TSMC and its subsidiaries employs more than 56,000 people worldwide. In 2020, TSMC reported revenue of $46.7 billion and net earnings fo $20.3 billion. Founder of TSMC Morris Chang is one of Taiwan’s richest man and billionaire with around $2 billion to $3 billion of personal fortune. – TSMC is listed on TSE and NYSE, American depositary receipt – Tencent is listed on HKEX and NASDAQ, American depositary receipt – Alibaba is listed on NYSE and HKEX NYSE ~ New York Stock Exchange, TSE ~ Taiwan Stock Exchange, HKEX ~ Hong Kong Exchange & Clearing IPOs – [Adidas Sells Reebok for $2.5 billion to Authentic Brands Group, IPO in United States] – [China Electric Car Li Auto IPO in Hong Kong, Drops 0.8% on Day 1 with Market Value of $29 Billion] – [Indonesia 4th Largest E-Commerce Bukalapak IPO in Indonesia, Rises 25% on Day 1 with Market Value fo $7.5 Billion] – [South Korea Kakao Bank IPO Rises 80% on Day 1, Became Most Valuable Financial Group with Market Value of $28.7 Billion] – [Indian Food Delivery Zomato IPO in India at $8 Billion Market Value, Rising 65% on Day 1] – [United States SEC Increased Oversight of China Companies IPO on Stock Exchange, Disclosures & Ownership Relationships] – [Robinhood IPO on NASDAQ with $32 Billion Market Value, Founders Become Billionaires $2 Billion Each] – [Italian Luxury Brand Ermenegildo Zegna Goes Public on NYSE in $2.5 Billion SPAC Merger] – [China Electric Car XPeng IPO in Hong Kong, Market Value at $35 Billion Founder Xiaopeng with $7 Billion Fortune] – [British Fintech Wise IPO on London Stock Exchange, Rises 10% on Day 1 with Market Value at $12 Billion] – [China Premium Tea Nayuki IPO in Hong Kong, Falls 13.5% on Day 1 with $3.8 Billion Value, 2 New Billionaires with $1.1 Billion Each] – [Didi Global IPO on NYSE, Rises 1% on Day 1 with Market Value of $68 Billion] – [Hong Kong Insurance Group FWD Files for US IPO in United States, Valuation Around $13 Billion] – [Didi Chuxing IPO Creates 2 New Self-Made Billionaires, Founder Will Cheng Wei with $7 Billion] – [China Didi Chuxing Files for IPO in United States, Valuation at $100 Billion] – [Grab $39.6 Billion SPAC IPO Delayed to Q4 2021, Pending Accounts Clearance] – [JD Logistics IPO in Hong Kong, 3.3% Higher on Day 1 with $32 Billion Market Value] – [Indonesia Tech Giants Gojek and Tokopedia Merge to Form GoTo Group, Eyes $35 Billion Future IPO] – [UK-Based Deliveroo IPO on London Stock Exchange, Down 26.4% on 1st Day] – [Baidu IPO on Hong Kong Exchange, Price Remains Unchanged on Day 1] – [South Korea E-Commerce Giant Coupang IPO on NYSE, Rises 41% on Day 1] – [Kuaishou IPO Rises 160% on Day 1, Raised $5.32 Billion] – [Airbnb IPO Rises 112% on Day 1, Raised $3.5 billion] – [DoorDash IPO Rises 85% on Day 1, Raised $3.3 billion] – [JD Health IPO Rises 55% on Day 1, Raised $3.4 billion] Caproasia.com | The leading financial website for financial professionals, professional investors and HNW investors. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Quicklinks: [Caproasia Access] | [TFC] | [Caproasia] | [Jobs]