TSMC released quarterly results showing a 40% jump in revenue to $40.2 billion and a 77% rise in profit to $22.3 billion, yet its shares dropped 7.3% the following day, triggering the biggest single-day point decline ever for the TAIEX benchmark. Taiwan became the world’s fifth-largest stock market in May, with two-fifths of its total value concentrated in TSMC, which accounts for up to 60% of the MSCI Taiwan Index. Sherman Lin, chair of the Taiwan Stock Exchange, is pushing investors to look beyond TSMC and explore other Taiwanese companies, including « hidden champions » and firms listed on the Taiwan Innovation Board, whose shares have surged 177% year-to-date. Taiwan set a record with 70 IPOs in 2025, raising $3.3 billion, with 40% of listings coming from AI supply chain companies.
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