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TSMC Hits Record High Ahead of Earnings Call, Market Cap Reaches $2.1 Trillion
Electronic Technology · Semiconductors · economic_daily · 2026-10-05
2330
TSMC shares surged to a record high ahead of its upcoming earnings call, pushing its market cap to $2.1 trillion and securing its position as the world's seventh-largest company.
What Happened
Pre-Earnings Rally: TSMC shares hit a record high of 2,580 TWD during intraday trading ahead of next Thursday's earnings call, eventually closing at 2,575 TWD. This rally pushed the company's market capitalization to approximately 66 trillion TWD, or 2.1 trillion USD, solidifying its status as the world's seventh-largest firm.
AI-Driven Growth: Leveraging its dominance in advanced manufacturing, TSMC has captured the majority of orders from major tech giants in the AI era. Since crossing the 1 trillion USD market cap milestone in late 2024, the company has maintained rapid growth, reflecting its critical role in the global semiconductor supply chain.
Major Shareholder Gains: The National Development Fund, TSMC's largest institutional shareholder with a 6.38% stake, has seen its holdings appreciate significantly. The fund's investment value grew by over 785 billion TWD in one year, a 44.1% increase, while the company's consistent quarterly dividend payouts continue to provide substantial returns.
Dividend Reliability: Since adopting a quarterly dividend policy in 2019, TSMC has successfully completed all 28 ex-dividend events, with 23 of those occurring on the same day. With third-quarter performance expected to hit the high end of guidance, investor confidence remains high regarding the company's future operational and dividend prospects.
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