Taiwan overtakes India as world’s fifth largest stock market mainly because of the strong performance of Taiwan Semiconductor Manufacturing Company (TSMC). The company benefited from the global AI boom and rising chip demand. Reports say Taiwan’s market value reached nearly $4.95 trillion, slightly ahead of India’s $4.92 trillion.

India’s stock market faced pressure from foreign investor outflows, weak earnings growth, and global economic concerns. Analysts also noted that Taiwan’s market gained strength from heavy investments in semiconductor and AI sectors.

However, market experts believe India still has a more diversified economy with strong long-term growth potential.

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Anku Jain, Managing Director of MediaTek India, said local production will reduce costs, shorten supply chains, and strengthen resilience. MediaTek works with global smartphone brands including Xiaomi, Samsung, Oppo, and Vivo.

The company follows a fabless model, focusing on chip design and software development while outsourcing manufacturing to TSMC, Intel Foundry Services, and GlobalFoundries. MediaTek’s decision is backed by India’s $10-billion semiconductor incentive package.

MediaTek recently unveiled its flagship Dimensity 9500 chipset with advanced AI, gaming, and energy efficiency features. The company is also collaborating with TSMC to develop a next-generation SoC for production late next year.

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