TSMC Surpasses Intel To Become World's Most Valuable Chipmaker

The Taiwan Semiconductor Company (TSMC) has surpassed U.S. chip giant Intel Corporation in market value. TSMC, which is responsible for the bulk of global contract chip manufacturing, supplies semiconductors to companies all over the globe. Its customers include the likes of Apple Inc, NVIDIA Corporation and Qualcomm Incorporated - with Apple thought by many to be TSMC's largest customer.