TSMC Tops the List of Largest Asian Companies by Market Cap in 2025

A recent bar chart released by Invest Billionaire, a trusted provider of financial education tips, has unveiled the rankings of the largest Asian companies by market capitalization in 2025. Sourced from CompaniesMarketCap, the chart positions Taiwan Semiconductor Manufacturing Company (TSMC) as the undisputed leader with an impressive market cap of $1,085 billion.

TSMC: A Semiconductor Giant

TSMC, a Taiwanese multinational and the world’s largest dedicated independent semiconductor foundry, towers over its competitors. Its market cap not only crowns it the largest company in Asia but also places it among the global elite, reflecting its critical role in the technology supply chain.

Tencent and ICBC Follow

In second place is Tencent, a Chinese multinational conglomerate renowned as one of the world’s leading internet and technology firms, with a market cap of $482.6 billion. Following closely is the Industrial and Commercial Bank of China (ICBC), the world’s largest bank by total assets and second-largest by market cap, valued at $315.3 billion.

A Diverse Lineup of Asian Powerhouses

The chart features a robust lineup of major Asian corporations, with a strong presence of Chinese companies. Below is the full list, ranked by market capitalization:

1. China Construction Bank (China) - $204.8 billion
   A leading Chinese banking institution.

2. China Mobile (China) - $214.1 billion
   A state-owned telecommunications giant.

3. Alibaba (China) - $234.8 billion
   A powerhouse in e-commerce, retail, and technology.

4. Agricultural Bank of China (China) - $243.9 billion
   A major state-owned banking entity.

5. Samsung (South Korea) - $245.2 billion
   A global leader in electronics and technology.

6. Toyota (Japan) - $247.4 billion
   A renowned Japanese automotive manufacturer.

7. Kweichow Moutai (China) - $248.6 billion
   A state-owned liquor company famous for its premium spirits.

8. ICBC (China) - $315.3 billion
   The banking behemoth securing third place.

9. Tencent (China) - $482.6 billion
   The tech titan in second place.

10. TSMC (Taiwan) - $1,085 billion
    The chart-topping semiconductor leader.

    Visualizing the Rankings

The chart employs a striking design with color-coded bars—ranging from blue, green, orange, white, to red—each accompanied by the company’s logo and national flag. This visual approach highlights the dominance of Chinese companies, with seven of the ten hailing from China. Meanwhile, South Korea (Samsung), Japan (Toyota), and Taiwan (TSMC) each contribute one representative, showcasing regional diversity.

A Snapshot of Asian Economic Power

This ranking offers a compelling glimpse into the economic landscape of Asia in 2025. TSMC’s commanding lead underscores the growing importance of semiconductors, while the cluster of Chinese firms reflects the region’s financial and technological might. The presence of Samsung and Toyota further illustrates the enduring strength of South Korean and Japanese innovation.