TAIPEI (Taiwan News) — TSMC’s American depositary receipts have surged, pushing its market capitalization to the world’s sixth-largest, according to CompaniesMarketCap.

TSMC’s ADRs rebounded, rising US$9.21 (NT$294) to US$338.45 and lifting its market capitalization to US$1.75 trillion, per CNA. That surpassed Saudi Aramco’s US$1.74 trillion valuation, allowing TSMC to reclaim the No. 6 spot globally after recent declines.

On Monday, US President Donald Trump said Washington and Tehran had reached “major points of agreement” and would delay potential strikes on Iran’s energy facilities for five days, boosting US stocks, per NHK World. The Dow Jones Industrial Average rose 631 points, the Nasdaq gained 299.15 points, and the Philadelphia Semiconductor Index climbed 102.52 points.

In Taiwan, TSMC shares opened NT$40 (US$1.25) higher at NT$1,850, lifting the company’s market value to NT$47.97 trillion (US$1.5 trillion) and contributing about 318 points to the broader index. Gains later narrowed as US stock futures turned lower, with the share price slipping to NT$1,815 amid selling pressure.