TSMC Surpasses Tesla in Market Value, Ranks 9th Globally

TSMC's American Depositary Receipt (ADR) rebounded sharply, rising over 4% to close at $180, bringing the company's market value to $933.5 billion. This surge allowed TSMC to surpass Tesla, ranking as the 9th most valuable company globally.

The U.S. stock market faced downward pressure as new tariffs were imposed on imports from Canada, Mexico, and China, fueling concerns over inflation and economic slowdown. Tesla's stock fell over 4% following reports that its Chair, Robyn Denholm, continued to sell company shares.

Meanwhile, TSMC announced a significant expansion of its investment in the U.S., increasing its total planned investment by $100 billion to reach $165 billion. The company aims to build three new wafer fabs, two advanced packaging facilities, and a research and development center.

The large-scale investment has sparked debate in the industry. Some analysts see it as a positive move compared to earlier speculations about potential support for Intel, while others express concerns about its impact on TSMC's future profit margins and earnings performance.

TSMC ADR closed at $180, up $7.03 or more than 4%. According to CompaniesMarketCap, TSMC's market value rebounded to $933.5 billion, surpassing Tesla's $875 billion and advancing to the 9th position. Tesla, in contrast, fell to 11th place, as Broadcom's market value climbed to $878.7 billion.

On the Taiwan Stock Exchange, TSMC shares also saw a strong rebound, reaching a high of NT$1,030 intraday, up NT$30. This increase pushed its market capitalization back to NT$26.71 trillion, contributing approximately 242 points to the broader market.