¿Taiwán oficialmente supera a Reino Unido? El valor de mercado de la bolsa de Taiwán alcanza los 4.14 billones, superando a Reino Unido y ascendiendo 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 its revenue by over 30% this year and plans to expand its wafer factories to meet strong capacity demands.

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

Taiwan is playing a critical role in the AI market, leading to a historic achievement for its stock market. Bloomberg reported that as of April 15th, U.S. time, Taiwan’s market capitalization 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 2026 forecast, Taiwan’s economy, valued at 977 billion USD, lags behind the UK’s 4.3 trillion USD, but exports of related products are significantly boosting Taiwan’s economic growth prospects.

Meanwhile, the UK stock market structure is changing. Goldman Sachs strategist Sharon Bell stated that currently, domestic UK investors have insufficient participation and tend to favor low-risk assets, resulting in up to 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 Yoon Ng, head of Asia-Pacific, 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 support this trend.”

The Taiwan Weighted Index has risen 16% this month, and over the past year, it has increased by more than 90%, marking the longest consecutive eight-month rally since 2025.

Image 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 its largest single-month capital inflow.

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

Taiwan’s record-high stock prices are closely linked to TSMC’s operations. According to Yahoo Finance, at TSMC’s investor conference, Chairman Wei Zhejia emphasized that strong AI demand is expected to drive revenue growth of over 30% in USD terms for 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, prompting 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 stated they do not underestimate competitors, but foundry sector has no shortcuts, and 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 short-term operations are not expected to be affected.