TSMC and Tencent break into the top 100 of the Fortune Global 500 list, as Asia rides the AI boom

The Fortune Global 500 has long been a scoreboard of corporate scale, reflecting the rise and fall of different industries and sectors. And in 2026, the ranking of the world’s largest companies by revenue reflects just how much the AI boom is supercharging revenues across the tech and semiconductor supply chains.

For the first time, Tencent and Taiwan Semiconductor Manufacturing Company (TSMC) have broken into the top 100, underscoring how surging demand for advanced chips and digital platforms is reshuffling corporate size and power across Asia and the wider world. 

For the past year, heightened global demand for AI has fueled stratospheric price jumps for semiconductors and other hardware and Asia—which forms the hardware backbone of the AI supply chain—is cashing in.

TSMC, which serves clients like Apple and Nvidia, surged 44 spots, rising to No. 82. The chipmaker reported total revenue of $122.3 billion in 2025, up 35.6% from 2024. According to CNBC, Nvidia has reserved “the majority” of capacity at TSMC; last October, the two firms also partnered to onshore advanced chip packaging capabilities to Phoenix, Arizona.

Tencent also jumped 19 spots, just making the top 100 at No. 97. The software company, which is behind social media platforms like WeChat and QQ, and global gaming........

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