TSM is now the leader in the chip space, after slowly gaining on Intel over the last five years. The question is how Intel going to become like IBM, a former shadow of itself set out for a long slow decline in market share and technology? Andy Grove would be spinning in his grave to see what has happened to Intel. The current management has forgotten Andy Grove's rule number one "Only the paranoid survive".
Taiwan's TSMC Tops Intel by Market Value for First Time: Chart - Bloomberg
Taiwan Semiconductor Manufacturing Co. pushed past the market value of Intel Corp. for the first time after a drop in the U.S. chipmaker’s shares. The Taiwanese company has profited from the rising popularity of mobile computing, benefiting customers such as Apple Inc. and Qualcomm Inc. Intel, the largest supplier of microprocessors for personal computers, has struggled with the decline of that business.