¿Taiwán oficialmente supera a Reino Unido y Estados Unidos? La capitalización del mercado bursátil de Taiwán alcanza los 4.14 billones, superando a Reino Unido, y asciende al séptimo mercado más grande del mundo

Benefited by AI demand and foreign capital inflows, the market capitalization of Taiwan’s stock market reached 4.14 trillion USD, surpassing the UK to become the seventh largest globally. TSMC is expected to grow revenue by over 30% this year and plans to expand wafer fabrication plants to meet strong capacity demands.

Taiwan’s market cap surpasses the UK, AI export boost expectations

Taiwan is in a key role within the AI market, leading to a historic record of excellent performance for its stock market. Bloomberg reported that as of April 15th, U.S. time, Taiwan’s market cap rose to 4.14 trillion USD, surpassing the UK stock market’s 4.09 trillion USD, climbing to the seventh largest market in the world.

After the US-Iran war, Taiwan’s stock market quickly recovered from the declines caused by the war and became one of the first major markets to hit new all-time highs. TSMC, which accounts for over 40% of Taiwan’s market cap, also hit new stock price highs simultaneously.

According to the International Monetary Fund’s forecast for 2026, Taiwan’s economic scale of 977 billion USD, though behind the UK’s 4.3 trillion USD, is seeing a significant boost in product exports, which is raising Taiwan’s economic growth expectations.

Meanwhile, the UK stock market structure is changing. Goldman Sachs strategist Sharon Bell stated that currently, domestic UK investors have insufficient participation, and a tendency toward low-risk assets has led to as much as 68% of UK stocks being held by overseas investors, compared to only 17% in 1994.

Foreign capital flows strongly back in, solidifying TSMC’s position

Fintech service provider Asia-Pacific head Yoon Ng said, Taiwan continues to be regarded as a representative of AI hardware, and as long as capital expenditure momentum persists, capital flows will continue to provide support.

Taiwan’s Weighted Index has risen 16% this month, and over the past year, it has increased by more than 90%, marking the longest streak of eight consecutive gains since 2025.

Source: Google Taiwan Weighted Index has risen 16% this month, with a cumulative increase of over 90% in the past year

Additionally, foreign investors net bought 8.9 billion USD of Taiwan stocks in April. After a record outflow of 28.7 billion USD in March, Taiwan’s market is heading toward the largest single-month capital inflow.

TSMC expects 30% annual revenue growth, not underestimating Musk’s wafer factory

Taiwan’s record-high stock prices are closely linked to TSMC’s operations. According to Yahoo Finance, at the TSMC earnings briefing, Chairman Wei Zhejia emphasized strong AI demand, expecting revenue growth measured in USD to exceed 30% in 2026.

In Q1 2026, gross margin reached 66.2%, with a slight increase to 66.5% in Q2, but future challenges include 2nm mass production, overseas expansion, and Middle East geopolitical tensions, which may dilute margins.

TSMC estimates supply tightness will continue into 2027, and plans to build three new wafer fabs. Capital expenditure in 2026 is projected to be between 52 billion and 56 billion USD, mainly for 3nm capacity expansion.

In response to Elon Musk’s intention to build his own wafer factory, TeraFab, Wei Zhejia replied that they do not underestimate competitors, but foundries have no shortcuts; ramping capacity takes 1 to 2 years. Regarding the Middle East conflict, TSMC has established a diversified gas supply system and ensured sufficient liquefied natural gas, so they assess that short-term operations are unaffected.