TSMC has overtaken Intel as the world’s most valued foundry (and chipmaker) in terms of market value. While Intel makes chips for itself, TSMC is a pure-play foundry that manufactures chips for just about every chipmaker, including Apple, AMD, NVIDIA, Qualcomm, MediaTek, and even Intel. This information came from the foundry’s finance filings earlier this month. As per TSMC itself, it has a market cap of $636 billion, while Intel has a cap of just over $200 billion. That means the Taiwanese foundry has a market cap three times higher than that of Intel.
Google shows a market cap of $561 billion of TSMC which is still 2.4x more than Intel’s cap of $233 million. This can be largely attributed to the latter’s stock price which has fluctuated a lot over the last 12 months. At the moment, the company’s stock is valued at close to $58 which is lower than both TSMC ($121) and AMD ($85.58).
Furthermore, over the last year, Intel’s stocks have seen a negative overall gain, as the chipmaker’s shares were valued at just under $60 the same time last year. Essentially, this means the company’s value has more or less remained the same over the past 12 months.
In comparison, TSMC’s share value has more than doubled over the last 12 months, going from just under $60 to over $120 at present. This is despite the fact that the Taiwanese foundry’s stocks saw a small drop a few months back. Last month, its stocks reached an all-time high of $140+, but then receded by a dozen or so bucks.