Chipmakers shine among world’s top 10 most valuable firms

ISTANBUL

US artificial intelligence (AI) chipmaker Nvidia topped the list of the world’s top 10 most valuable firms, while the Taiwan Semiconductor Manufacturing Company (TSMC) ranked eighth among the multi-trillion-dollar-worth companies, according to Marketcap data compiled by Anadolu.

Nvidia dominated the world ranking with its $3.6 trillion market cap, snatching the top spot with its AI chips and solutions, as well as high-performance and sought-after graphics processing units on the market.

The California-based company recently invested in self-driving cars and human-like robots, expanding its future product lines and reaching a wider market.

Apple ranked second on the list with a market cap of $3.4 trillion, followed by Microsoft with $3.1 trillion, Google parent company Alphabet with $2.2 trillion, Amazon with $2.2 trillion, oil and natural gas company Saudi Aramco with $1.8 trillion, and Meta Platforms, which owns social media giant Facebook, with $1.4 trillion.

TSMC, the world’s largest chipmaker, ranked eighth with a market cap of just over $1 trillion. It produces advanced 5-nanometer and 3-nanometer chips for tech giants like Apple, Nvidia, and Qualcomm for use in high performance mobile devices and AI applications.

Meanwhile, conglomerate Berkshire Hathaway ranked ninth with a $991.1 billion market cap, with Tesla 10th at $953 billion.

*Writing by Emir Yildirim