10 Largest Companies In Taiwan By Market Cap (2024 Update)

The Largest Companies In Taiwan By Market Cap (2024 Update)

Taiwan, an island republic in the enormous Pacific Ocean, is located on its eastern edge. A land that exudes a compelling blend of lively culture, beautiful scenery, and a rich tapestry of history. Taiwan's economy is very diverse and modern, with a strong manufacturing base.

Several renowned Taiwanese enterprises are global innovators in their respective fields, ranging from semiconductor production to telecommunications.

10 Largest Companies In Taiwan By Market Cap (2024 Update)

1. TSMC

Market cap: $525.07 B

This technology corporation, often known as TSMC or Taiwan Semiconductor, specializes in the design and manufacturing of semiconductors. It is the largest firm in Taiwan, with its headquarters in Hsinchu Science Park.

TSMC was formed in 1987 by Morris Chang, a Taiwanese American entrepreneur. It was the world's first dedicated semiconductor foundry and continues to be the largest today.

With a global footprint, TSMC operates in a number of nations, including the United States, China, and Europe, using the talent of a varied workforce. Some of its most well-known products include Apple iPhone chips, AMD processors, and NVIDIA graphics cards.

2. MediaTek

Market cap: $47.70 B

MediaTek is a multinational semiconductor business headquartered in Hsinchu City, Taiwan, and was formed in 1997. It works in more than 35 countries throughout the world. The company focuses on developing and producing system-on-chip (SoC) solutions for mobile devices, home entertainment, and connectivity goods. MediaTek's product and service offerings include smartphone chipsets, wireless communication technologies, and multimedia solutions. Helio, Dimensity, and MT are among its most well-known brands.

3. Foxconn (Hon Hai Precision Industry)

Market cap: $45.09 billion.

Hon Hai Precision Industry, also known as Foxconn worldwide, is an electronic manufacturer that contracts with many companies. In China and Taiwan, it is known as the Hon Hai Technology Group.

Foxconn was founded in 1974 by Taiwanese billionaire Terry Gou and is headquartered in New Taipei, Taiwan. It is a worldwide recognized corporation, ranked 20th on the 2022 Fortune Global 500.

Hon Hai has operations in various countries throughout the world, including China, India, and the United States. It manufactures popular consumer electronics such as iPhones and iPads.

4. Chunghwa Telecom

Market cap: $30.11 B

Chunghwa Telecom Co. is Taiwan's biggest telecommunications company. The company was created in 1996 as part of the Taiwanese government's privatization initiative, and the government's share in the corporation fell below 50% by 2005. Chunghwa has been publicly traded on the Taiwan Stock Exchange since 2000 and the New York Stock Exchange since 2003. The firm is a major provider of broadband and other telecommunications services in Taiwan.

5. Quanta Computer

Market cap: $28.82 B.

Quanta Computer Incorporated is an electronics firm headquartered in Taiwan. It is famed for its cutting-edge notebook PCs and electronic devices.

Quanta collaborates with large corporations all over the world, including Apple Inc., Dell, Hewlett-Packard Inc., Amazon.com, and Cisco, among many others.

Barry Lam, a Taiwanese entrepreneur, established Quanta in 1988. Quanta Computer has created a strong presence in over 30 countries worldwide thanks to its cutting-edge manufacturing capabilities.

Quanta Computer has built a reputation for providing high-quality laptops, desktops, and servers, as well as wearable gadgets and smart home solutions, attracting the greatest companies.

READ MORE: Top 10 Biggest Dairy Companies In Europe By Turnover

6. Fubon Financial

Market cap: $27.00 B

Fubon Financial Holding Co., Ltd. is a financial services provider that primarily operates as a financial investment holding company. Fubon FHC operates a network of businesses under the name Fubon, including Fubon Asset Management, Fubon Insurance Co. Ltd., Fubon Securities, and Fubon Bank, among others.

Fubon FHC, established in 2001, has its headquarters in Taipei, Taiwan. It not only operates in Taiwan, but has also established a presence in China, Hong Kong, Japan, Vietnam, and the United States.

7. Delta Electronics

Market cap: 2308.TW.

Delta Electronics is next on the list of Taiwan's top corporations by market capitalization. Delta Electronics, Inc. (DELTA or Delta Electronics) is a Taiwanese electronics manufacturer. Its headquarters are in Taipei's Neihu District. It is most recognized for its switching power supply and DC industrial and computer fans. The firm has around 200 locations worldwide, including production, sales, and R&D departments. Delta manufactures some of the most energy-efficient power solutions in the business, including switching power supplies with over 90% efficiency, telecom power with efficiency levels over 98%, and PV inverters with efficiency levels surpassing 99.2%.

8. Formosa Petrochemical

Market cap: $24.35 B

Formosa Petrochemical, located in Taipei, Taiwan, was founded in 1992. It operates in several countries, including Taiwan, China, Vietnam, and the United States. The corporation specializes in the refining and production of petroleum and petrochemical goods. It provides a diverse range of products and services, such as gasoline, diesel, jet fuel, lubricants, and various petrochemicals. Formosa Petrochemical is notable for its brands, including Formosa Plastics and Formosa Chemicals.

READ MORE: Top 10 Biggest Financial Companies In Canada By Market Cap

9. Cathay Financial Holding

Market cap: $21.12 B

Cathay Financial Holding, a Taiwanese financial services corporation, offers banking, insurance, and brokerage services. Cathay was created in 1962 by brothers Tsai Wan-lin and Tsai Wan-chun as a life insurance company. The company's life insurance business was so successful that it became the most expensive stock on Taiwan's stock exchange in 1989. Life insurance remains the company's most profitable business. Cathay combined its several subsidiaries and became a financial holding company in 2001. Cathay has been expanding throughout Asia, particularly in China, in recent years, and it was the first Taiwanese company to open a life insurance operation on the mainland.

10. United Microelectronics

Market cap: $20.26 B

United Microelectronics Corporation is a Taiwanese corporation headquartered in Hsinchu, Taiwan. Taiwan's first semiconductor company was founded in 1980 as a spin-off from the government-sponsored Industrial Technology Research Institute. It is also one of Taiwan's largest firms by market capitalization. UMC is best known for its semiconductor foundry, which makes wafers of integrated circuits for fabless semiconductor companies. In this function, UMC behind competitor TSMC. The automotive industry relies significantly on UMC.

Conclusion

Taiwan's economy is a highly developed market economy with numerous renowned enterprises. In terms of purchasing power parity, it is Asia's eighth largest economy and the world's twentieth largest. The aggregate revenue of Taiwan's top ten firms is $516 billion.

These enterprises are a remarkable example of the island nation's corporate prowess and excellence. They have not only achieved phenomenal success, but have also become household names around the world. However, this list is not thorough, and many more well-known industry executives have been left out.

10 Largest Companies In India By Market Cap (2024 Update) Indian companies are home to some of the most important brands in the world. The country's economy is growing quickly. Here are the 10 biggest ...

Top 10 Biggest Companies In Mexico By Market Cap (2024 Update) Mexico is a developing economy with the potential to become a significant economy in the next decades. Big companies make signifcant contributions to the country's ...

Top 10 Largest Companies In China By Market Cap (2024 Update) China, which has the most people in the world, is seen as a world leader in production and exporting. The following list shows the 10 ...