Meanwhile, Tencent shares have gained roughly 30% in 2025, helping the internet giant narrow its market cap difference with TSMC to about US$109 billion ($144.98 billion), the smallest gap since late 2023.
Taiwan Semiconductor Manufacturing Co. (TSMC) risks giving up its lead over Tencent Holdings as Asia’s biggest company by market value, with investors focused on the latter’s artificial intelligence plans.
TSMC shares have dropped 11% this year, falling alongside global chip stocks like Nvidia as concerns mount over the sector’s frothy valuations.
