TSMC Overtakes Tencent to Become Asia's Most Valuable Company, as China Crackdown Takes a Toll - NewsBreak

The world's largest chipmaker Taiwan Semiconductor Manufacturing Company (TSMC) has overtaken Chinese tech behemoth Tencent to become Asia's most valuable firm. The market capitalization of China's Tencent and Alibaba have plummeted amid an ongoing regulatory crackdown on the tech sector by Beijing. Chipmaker TSMC, on the other hand, has gotten...