Thursday, January 14, 2021

TSMC's market value surges beyond Intel, Nvidia combined

Taiwan Semiconductor Manufacturing Corp. has left its biggest Silicon Valley-based rivals far behind by one indicator: market value. The world’s largest contract producer of chips was valued at $661.5 billion at Thursday’s U.S. close, according to data compiled by Bloomberg. TSMC surpassed the total value of the two largest U.S. chip companies, Intel Corp. and Nvidia Inc., by $89.8 billion after disclosing plans for a surge in capital spending this year. TSMC exceeded their combined value for the first time only 5 1/2 weeks earlier, on Dec. 7.

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