The market capitalization of the largest semiconductor manufacturer has grown on the back of success in conquering new technological processes. Now Taiwan Semiconductor Manufacturing Company, where NVIDIA and Apple make their chips, was valued at $306 billion, which is higher than many competitors in this field.
Samsung, which also manufactures processors, is valued at "just" $261 billion, and all of NVIDIA's recent success has raised the company "only" to $257 billion. They also overtook their most dangerous competitor Intel – another company with their own factories is far behind in the manufacturing process and valued at $254 billion.
The weird part of this growth is that until recently, large equipment manufacturers were getting rid of their own factories, trying to shift the risks onto the shoulders of contractors. The Taiwanese TSMC became such a contractor and won over their customers.