Top 5 Largest Corporations in Taiwan

Leading the charge among Taiwan's corporate giants is Taiwan Semiconductor Manufacturing Company (TSMC).

Taiwan boasts a vibrant, diversified economy with a robust manufacturing sector. The island is home to several world-class innovators spanning industries such as semiconductors and telecommunications.

Here, we highlight the five largest Taiwanese companies ranked by their trailing 12-month revenue. Additionally, we mention three other major Taiwanese firms notable for their scale but less active in U.S. trading markets. All data is current as of market close on August 2, 2022, sourced primarily from YCharts.

Taiwan Semiconductor Manufacturing Company (TSMC)

• Revenue (TTM): $61.48 billion
• Net Income (TTM): $23.73 billion
• Market Capitalization: $446.24 billion
• 1-Year Total Return: -25.0%
• Exchange: New York Stock Exchange (NYSE)

TSMC stands as the globe's most valuable semiconductor manufacturer and a leading independent pure-play foundry. Unlike integrated device manufacturers, pure-play foundries like TSMC focus exclusively on chip fabrication, enabling numerous semiconductor companies to outsource their production.

ASE Technology Holding Co. (ASX)

• Revenue (TTM): $22.24 billion
• Net Income (TTM): $2.63 billion
• Market Capitalization: $12.36 billion
• 1-Year Total Return: -33.99%
• Exchange: New York Stock Exchange (NYSE)

Based in Kaohsiung, ASE Technology Holding specializes in semiconductor assembly, testing, and packaging. ASE is a pioneer in heterogeneous integration, a process combining separately manufactured components into sophisticated assemblies to enhance connectivity, bandwidth, and device performance.

United Microelectronics Corporation (UMC)

• Revenue (TTM): $8.22 billion
• Net Income (TTM): $2.17 billion
• Market Capitalization: $16.43 billion
• 1-Year Total Return: -32.04%
• Exchange: New York Stock Exchange (NYSE)

Founded in 1980 from a government-sponsored research institute spin-off, UMC is one of Taiwan's oldest semiconductor companies. With a global footprint including locations in the U.S., Europe, and Asia, UMC delivers advanced manufacturing solutions to the worldwide electronics sector.

Chunghwa Telecom Co. (CHT)

• Revenue (TTM): $7.54 billion
• Net Income (TTM): $1.29 billion
• Market Capitalization: $31.22 billion
• 1-Year Total Return: -0.46%
• Exchange: New York Stock Exchange (NYSE)

As Taiwan's foremost telecommunications provider, Chunghwa Telecom was established in 1996 amid privatization efforts. It has been publicly traded on the Taiwan Stock Exchange since 2000 and the NYSE since 2003, offering extensive broadband and communication services across Taiwan.

Himax Technologies Inc. (HIMX)

• Revenue (TTM): $1.65 billion
• Net Income (TTM): $486 million
• Market Capitalization: $1.22 billion
• 1-Year Total Return: -41.88%
• Exchange: NASDAQ

Himax Technologies is a fabless semiconductor company supplying display drivers and related integrated circuits. Its products are widely integrated into consumer electronics such as laptops, TVs, cameras, automotive systems, and household appliances.

Additional Key Players

Beyond these five, several major Taiwanese companies rank highly by revenue and market cap but have limited presence on U.S. exchanges. These include:

Foxconn / Hon Hai Precision Industry Co.

• Revenue (2021): $200 billion
• Net Income (2021): $4.64 billion
• Market Capitalization (Aug 2022): $2.27 billion
• Exchange: Taiwan Stock Exchange (TWSE)

Founded in 1974, Foxconn is the world's largest electronics manufacturer, producing a vast array of consumer electronics including smartphones and gaming consoles. The company is also a major player in AI, semiconductors, and emerging technologies.

MediaTek Inc.

• Revenue (2021): $16.45 billion
• Net Income (2021): $3.73 billion
• Market Capitalization (Aug 2022): $36.68 billion
• Exchange: Taiwan Stock Exchange (TWSE)

MediaTek ranks as the fourth-largest fabless semiconductor company globally. Its chipsets power over two billion devices worldwide, including smartphones, home appliances, and entertainment systems. In 2020, MediaTek surpassed Qualcomm in global smartphone chipset shipments.

Formosa Petrochemical Co.

• Revenue (2021): $20.67 billion
• Net Income (2021): $1.65 billion
• Market Capitalization (Aug 2022): $26.65 billion
• Exchange: Taiwan Stock Exchange (TWSE)

Formosa Petrochemical is one of Taiwan's leading energy companies, focusing on crude oil refining and petroleum product distribution. It operates multiple manufacturing plants in Louisiana, USA, and ranks as Taiwan's second-largest oil refiner.

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