📈 The One-Trillion-Dollar Tech Club: TSMC and Broadcom’s Race in 2024

In 2020, TSMC’s market capitalization was over three times that of Broadcom. However, Broadcom’s market cap grew at a faster pace starting in 2021, closing the gap significantly by 2024. TSMC became the first of the two to reach the $1 trillion mark in September 2024, followed by Broadcom in December 2024.

Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest and most advanced semiconductor foundry, produces integrated circuits for diverse industries. Broadcom Inc., a global technology leader, specializes in designing, developing, and supplying a wide array of semiconductor and infrastructure software solutions.