TSMC has become the world's sixth-largest company by market capitalization.

The chipmaker overtook Saudi Aramco following a 2.80% rise in its American depositary receipts on Monday.

TSMC’s market value now stands at $1.75 trillion.

This valuation reflects investor confidence in the company's dominant position within the artificial intelligence chip sector.

Shares on the Taiwan Stock Exchange opened higher following the gains in U.S.-listed ADRs.