TAIPEI (Taiwan News) — TSMC has been ranked the 10th most valuable company in the world, according to a Visual Capitalist report published Friday.

The chipmaker, with a market capitalization nearing NT$30.34 trillion (US$1 trillion), is the highest-ranked Asian company on the list, per CNA. As the world’s largest dedicated semiconductor foundry, it manufactures crucial chips for tech giants such as Apple and Nvidia.

Microsoft and Apple, ranking first and second, continue to alternate at the top, driven by the integration of AI into their products, per Business Next. Nvidia ranked third, followed by Alphabet, Amazon, Saudi Aramco, Meta, Berkshire Hathaway, and Broadcom.

Chinese tech giant Tencent, despite growing scrutiny in Western markets, placed 16th with a market value close to US$600 billion. The company operates across multiple industries including social media, gaming, and fintech.

Saudi Arabia’s Aramco came in sixth with a market capitalization of US$1.62 trillion, showcasing the enduring value of energy resources.

The US led with 32 companies on the list, followed by China with five. Visual Capitalist noted that the world’s most valuable companies exert outsized influence on the global economy, shaping sectors from technology and finance to energy and consumer behavior.