Taiwan Semiconductor Manufacturing Co (TSMC, ‘äÏ“d), the worldfs largest contract chipmaker, has been ranked 48th globally in terms of market capitalization, according to accounting firm PricewaterhouseCoopers Taiwan (PwC).

In a report last year on market capitalization, PwC said that TSMC was the only Taiwanese company that made the top 100 rankings.

TSMCfs market cap had increased by US$9 billion from a year earlier to US$130 billion as of the end of March, the report showed.

In the report, PwC said the worldfs top 100 firms saw their combined market capitalization fall 4 percent from a year earlier to US$15.58 billion, the first annual decline since the 2008-2009 global financial crisis.

The drop largely reflected an economic slowdown in China and Europe, PwC said.

US-based companies accounted for 54 spots on this yearfs list, including the top 10, which PwC said reflected the US firmsf innovation capability, financial strength and global expansion strategies.

The top 10 firms on the list are Apple Inc; Alphabet Inc, which is the parent of Google; Microsoft Corp; Berkshire Hathaway Inc, controlled by investment guru Warren Buffett; Exxon Mobil Corp; Facebook Inc; Johnson & Johnson; General Electric Co; Amazon.com Inc; and financial giant Wells Fargo & Co, in that order.

Although Apple remained at the top of the list this year, its market capitalization fell by an annual 17 percent, while Alphabet rose 38 percent from a year earlier, the report said.

European companies accounted for 19 percent of the total market capitalization worldwide and made up 24 of the listings in the rankings, PwC said.

A total of 11 firms in China and Hong Kong were listed among the top 100 in the report, with a combined market capitalization of US$1.78 trillion, making up 11 percent of the worldfs total.

By: DocMemory
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