TSMC market cap hits record level, now beating NVIDIA and Samsung

TSMC is in the headlines lately for all the right reasons, and today is another one of those. Taiwan Semiconductor Manufacturing Company (TSMC) is the world's largest semiconductor when it comes to market capitalization.

TSMC has now flung right past both Samsung and NVIDIA, according to the latest data from South Korean industry tracker CEO Score and Yonhap News Agency, reports Taiwan News. TSMC's market value hit $306 billion on Friday, passing Samsung with $261 billion and NVIDIA with $257 billion.

TrendForce data points out that TSMC has 51.9% of the global foundry market share, a dominant force against its second-largest competitor in Samsung with just 18.8% market share.

It's expected that TSMC will make around $11.2 to $11.5 billion in revenue for Q3 2020, which would be an increase of 7.9% to 10.8% year-over-year. The company is firing on all cylinders making next-gen chips for some of the world's largest companies including AMD, NVIDIA, Qualcomm, and others.

More reading about TSMC:

• TSMC is opening up a next-gen 5nm fab in the USA thanks to President Trump
• TSMC has a $16 billion slush fund for R&D
• TSMC is planning 5nm volume production in late 2020
• 3nm is planned for trial production in first half of 2021
• EUV lithography will be used for TSMC's new 2nm node