Mining
TSMC's Rise in the Crypto Era
Saturday. July 20 at 9:00 PM
1 min. readTaiwan Semiconductor Manufacturing Company Limited, also known as TSMC, made history by becoming the first Asian company to surpass a trillion-dollar market capitalization, briefly overtaking Berkshire Hathaway. TSMC's success is attributed to its extensive portfolio of tech giants like Apple, AMD, and Nvidia, who rely on its semiconductors. Notably, TSMC dominates the semiconductor market and plays a crucial role in cryptocurrency mining, with its chips powering a majority of Bitcoin miners. Despite a slight market cap dip, TSMC remains a key player in the industry, collaborating with major tech companies like Apple and Nvidia. With a focus on meeting the rising demand for semiconductors in AI and tech products, TSMC could potentially challenge Meta and other tech giants for the top spot in global market value rankings.