Taiwan's stock market surpasses the UK's despite having less than a quarter of the UK's economy — AI boom propels Taiwan forward, TSMC alone accounts for more than 40% of Taiwan's total market value

What happened

TSMC reported record Q1 earnings with net income up 40.6% YoY to ~$18B and raised its full-year revenue growth guidance to >30%. The AI chip demand surge is driving market concentration, with TSMC now accounting for over 40% of Taiwan's total market value. Bullish: Strong earnings and raised guidance signal sustained high demand and pricing power for leading-edge foundry and memory suppliers.

Impact and signal

Affected components and suppliers

Source and time

Source: Tom's Hardware · 4/26/2026 · View original source