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TSMC overtakes Tencent to become Asia’s most valuable company
- TMWNN 5y agoFrom the article: >TSMC, a major supplier to Apple, overtook Tencent earlier in August. The Taiwanese chipmaker is now sitting at the top spot by market capitalization — among Asia firms — at more than $538 billion, according to data from Refinitiv Eikon as of Wednesday morning during Asia hours. >Tencent sat in second place, with a market capitalization of more than $536 billion while Alibaba was a distant third at about $472 billion.