Taiwan’s TSMC surges to No. 23 on global earnings list

TSMC the only Taiwanese company in top 100 on Q2 list: Nikkei

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TSMC surged ahead on a Nikkei list based on Q2 of 2020 

TSMC surged ahead on a Nikkei list based on Q2 of 2020  (AP photo)

TAIPEI (Taiwan News) — Taiwan Semiconductor Manufacturing Co., Ltd. (TSMC), the world’s largest contract chipmaker, jumped to No. 23 among companies according to earnings on a list drawn up by Japan’s Nikkei.

The Wuhan coronavirus pandemic has thoroughly shaken up the latest rankings compared to last year’s list, CNA reported. Celebrity investor Warren Buffett’s Berkshire Hathaway crowns the new list thanks to its possession of shares in Apple Inc., while TSMC is Taiwan’s only representative in the top 100.

Nikkei looked at earnings after tax for the period from April to June 2020. It identified the technology sector as the main winner, while finance, cars, and energy lost ground.

Berkshire Hathaway is followed by Japan’s SoftBank at No. 2, Apple at No. 3, and Microsoft at No. 4. Some of the biggest new movers on the list compared to last year are China’s Alibaba Group, which jumped to No. 9 from No. 43, and TSMC, surging to No. 23 from No. 71.

In the other direction, Japanese carmaker Toyota plunged from No. 17 last year to No. 76.