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Taiwan Surpasses Canada as Sixth-Largest Market, TSMC Soars

4/30/2026

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Summary

Story summary

Taiwan overtook Canada as the sixth-largest stock market, with market capitalisation rising 35 % to $4.47 trillion versus Canada’s $4.44 trillion.
TSMC, covering nearly 45 % of Taiwan’s index, saw its market value rise to $1.8 trillion.
TSMC posted record Q1 earnings, with net income up 58 % to NT$572.5 billion and revenue up 35 % to NT$1,134.1 billion.
Taiwan’s regulator raised the fund-investment cap to 25 % of assets per stock, up from 10 %.

History

Historical Context

Founded in 1987 as a joint venture of the Taiwanese government, ITRI and private investors, TSMC introduced the world’s first dedicated semiconductor foundry. Leveraging Silicon Valley ties, it grew to command roughly 70 % of the global foundry market and about 30 % of Taiwan’s main stock index by the 2020s, driving the island’s export surge.

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Story summary

Taiwan overtook Canada as the sixth-largest stock market, with market capitalisation rising 35 % to $4.47 trillion versus Canada’s $4.44 trillion.
TSMC, covering nearly 45 % of Taiwan’s index, saw its market value rise to $1.8 trillion.
TSMC posted record Q1 earnings, with net income up 58 % to NT$572.5 billion and revenue up 35 % to NT$1,134.1 billion.
Taiwan’s regulator raised the fund-investment cap to 25 % of assets per stock, up from 10 %.

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