TSMC has a market capitalization of US$1.6 trillion, ranking sixth in the world and second only to NVIDIA in the semiconductor industry.

The biggest winner of the AI ​​boom in recent years is NVIDIA, whose market value once exceeded US$5 trillion. Although it has been declining recently, it still has a market value of US$4.6 trillion, far ahead of other manufacturers. If we choose the second winner, it must be TSMC, and the reason is very simple - if the AI ​​training of major technology giants is indispensable for NVIIDIA's GPU, then the production of AI chips by major companies is also inseparable from TSMC. TSMC's performance has also exploded in recent years.

The good news has been continuous in recent days. TSMC's stock price has continued to rise. Last night, ADR securities in the US stock market rose by 5.7%, pushing the market value to US$1.657 trillion, directly improving 2 places in the global ranking.Surpassing Broadcom and Meta, ranking sixth in the world and first in Asia-Pacific.

If we only look at the semiconductor industry, TSMC ranks second in the industry, second only to NVIDIA.

In the current market value ranking of global listed companies, NVIDIA is US$4.6 trillion, Apple is US$4 trillion, Google is US$3.8 trillion, Microsoft is US$3.5 trillion, and Amazon is US$2.4 trillion.

If TSMC wants to advance to the top 5 in the world, its market value must increase by at least 50%.If PE remains unchanged, it means that profits must increase by more than 50%., this is a bit difficult, but not impossible.

The main reason is that TSMC's advanced technology is too strong. It officially mass-produced the 2nm process at the end of last year. This month's production capacity reached 140,000 wafers, far exceeding the industry's expected production capacity of 100,000 wafers. The 3nm production capacity has also reached 160,000 wafers/month, and CoWoS advanced packaging is also in short supply.

In addition, there are previous rumors that TSMC will continue to increase the price of advanced process foundry this year, and will increase in the next few years. It may not take 2 years to achieve a 50% profit increase. After all, as long as the AI ​​bubble does not burst, it will always rise.