5 Largest Companies in Taiwan

Taiwan’s economy is very diverse advanced economy with a solid manufacturing base. Several leading companies based in Taiwan are global innovators in their respective industries, from semiconductor manufacturing to telecommunications.

Below are five of Taiwan’s largest companies ranked by Turnover over 12 months. Also listed are three other companies that rank among the largest companies in Taiwan in terms of revenue and market capitalization, but were excluded from the list due to their limited commercial presence in US markets. All figures are as of market close August 2, 2022, with data provided by YCharts, unless otherwise stated.

Taiwan Semiconductor Manufacturing Co. (TSM)

  • Revenue (TTM): $61.48 billion (TTM)
  • Net profit (TTM): $23.73 billion (TTM)
  • Market cap: $446.24 billion
  • 1 Year Total Returns (Daily): -25.0%
  • Exchange: New York Stock Exchange (NYSE)

Taiwan Semiconductor Manufacturing Co. (TSMC) is the world’s most valuable semiconductor company and one of the world’s largest independent pure-play semiconductor foundries. Pure-play foundries only manufacture integrated circuits and have no in-house design capability. Many semiconductor companies outsource their component manufacturing to TSMC.

ASE Technology Holding Co. (ASX)

  • Revenue (TTM): $22.24 billion (TTM)
  • Net income (TTM): $2.63 billion (TTM)
  • Market cap: $12.36 billion
  • 1 Year Total Returns (Daily): -33.99%
  • Exchange: New York Stock Exchange (NYSE)

ASE Technology Holding Co. is a semiconductor assembly company headquartered in Kaohsiung, Taiwan. The Company’s core businesses include assembly, testing and packaging of semiconductors. ASE is a pioneer of the Heterogeneous Integration (HI) process, which involves integrating separately fabricated components into a high-level assembly. This process is used to improve connectivity and generate higher bandwidth and performance in electronic applications.

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United Microelectronics Corp. (CMU)

  • Revenue (TTM): $8.22 billion (TTM)
  • Net profit (TTM): $2.17 billion (TTM)
  • Market cap: $16.43 billion
  • 1 Year Total Returns (Daily): -32.04%
  • Exchange: New York Stock Exchange (NYSE)

United Microelectronics Corp. is one of Taiwan’s oldest semiconductor companies, founded in 1980 as a spin-off from the government-sponsored Industrial Technology Research Institute. UMC has a global presence, with offices located in the United States, Europe, China, Japan, Korea and Singapore. It offers a variety of advanced manufacturing processes, serving the global electronics industry.

Chunghwa Telecom Co. (CHT)

  • Revenue (TTM): $7.54 billion
  • Net income (TTM): $1.29 billion
  • Market cap: $31.22 billion
  • 1 Year Total Returns (Daily): -0.46%
  • Exchange: New York Stock Exchange (NYSE)

Chunghwa Telecom Co. is the largest in Taiwan telecommunications company. The company was founded in 1996 as part of a privatization effort of the Taiwanese government, as the government’s stake in the company fell below 50% in 2005. Chunghwa has been listed on the Taiwan Stock Exchange since 2000 and on the NYSE since 2003. The company is a major supplier broadband and other telecommunications services across Taiwan.

Himax Technologies Inc. (HIM)

  • Revenue (TTM): $1.65 billion
  • Net income (TTM): $486 million
  • Market cap: $1.22 billion
  • 1 Year Total Returns (Daily): -41.88%
  • Stock exchange: NASDAQ

Himax Technologies Inc. is a leading semiconductor manufacturer, supplier and solution provider. The company relies on fabless manufacturing process, which involves outsourcing manufacturing to a semiconductor foundry. Many of the company’s products are embedded in laptops, tablets, televisions, PC cameras, automobiles and home appliances.

Notable Mentions

In addition to the companies listed above, there are a few notable companies that are ranked among the largest in Taiwan by revenue and market capitalization, but have limited commercial presence in US markets. These companies, which rank among the largest in Taiwan in terms of revenue, profit and market capitalization, are listed below.

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Foxconn / Hon Hai Precision Industry Co.

  • Revenue (TTM): $200 billion (2021)
  • Net income (TTM): $4.64 billion (2021)
  • Market cap: $2.27 billion (August 2022)
  • Exchange: Taiwan Stock Exchange (TWSE)

Founded in 1974, Hon Hai Precision Industry Co., also known as Foxconn, is the world’s largest electronics manufacturer, with annual sales approaching $200 billion in 2021. The company is a global leader in hardware and software development, manufacturing popular products including smartphones and video game consoles. Foxconn is a notable player in the market for AI, semiconductors and next-generation technologies.

MediaTek Inc.

  • Revenue (TTM): $16.45 billion (2021)
  • Net income (TTM): $3.73 billion (2021)
  • Market cap: $36.68 billion (August 2022)
  • Exchange: Taiwan Stock Exchange (TWSE)

MediaTek is the world’s fourth largest fabless semiconductor manufacturer. MediaTek manufactures semiconductors for a wide range of applications, including smartphones, home appliances and entertainment systems. MediaTek’s semiconductors power more than two billion devices worldwide, covering 20% ​​of global homes and one in three mobile phones worldwide. In 2020, MediaTek overtook US rival Qualcomm as the world’s largest smartphone chipset supplier, in terms of the number of chipsets shipped globally.

Formosa Petrochemical Co.

  • Revenue (TTM): $20.67 billion (2021)
  • Net income (TTM): $1.65 billion (2021)
  • Market cap: $26.65 billion (August 2022)
  • Exchange: Taiwan Stock Exchange (TWSE)

Formosa Petrochemical Co. is one of Taiwan’s largest energy companies, primarily engaged in the refining of crude oil and the distribution of petroleum products. In 2021, Formosa Petrochemical was the second largest oil refiner operating in Taiwan, behind the Chinese Petroleum Corporation. The company has had a presence in the United States since the early 1980s, operating three manufacturing plants in the US state of Louisiana.

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