The Fortune Global 500 has long served as a measure of corporate scale, tracking the rise and fall of industries and sectors over time. In 2026, the ranking of the world’s largest companies by revenue shows how the AI boom is boosting revenues across the technology and semiconductor supply chains, with Asia’s manufacturing and platform companies benefiting in different ways.

For the first time, Tencent and Taiwan Semiconductor Manufacturing Company (TSMC) entered the top 100, highlighting how surging demand for advanced chips and digital platforms is reshaping corporate size and influence across Asia and beyond.

Over the past year, global demand for AI has driven sharp price increases for semiconductors and other hardware, and Asia, which forms the hardware backbone of the AI supply chain, is benefiting.

TSMC, which counts Apple and Nvidia among its clients, rose 44 places to No. 82. The chipmaker reported 2025 revenue of $122.3 billion, up 35.6% from 2024. According to CNBC, Nvidia has reserved “the majority” of capacity at TSMC; last October, the two companies also partnered to onshore advanced chip packaging capabilities to Phoenix, Arizona.

Tencent climbed 19 places to No. 97, just inside the top 100. The software company behind WeChat and QQ, and global gaming titles including Honor of Kings and PUBG Mobile, generated $104.6 billion in revenue in 2025, up 14% from a year earlier. Tencent said its gaming business grew in 2025, while its advertising business also posted strong gains on the back of AI-driven ad targeting. Rumors of weakening gaming revenue, however, helped trigger a Chinese gaming sell-off last week, and Tencent shares fell 7.1%, their biggest drop since April 2025.

Tencent, like other major Chinese tech companies, is also investing heavily in artificial intelligence. In March, the company said it planned to double AI-related spending to 36 billion yuan, or $5.2 billion, to support model training and hiring.

Other Asian hardware companies also made large gains on the Global 500 list. Wistron, a Taiwan-based electronics manufacturer, climbed 298 places to No. 198, the largest jump of any company on this year’s list. Wistron reported 2025 revenue of NT$2.19 trillion, or $70.18 billion, up 115% from the previous year. Wistron, Quanta Computer, and Foxconn have all reported rising revenue from assembling servers using AI processors from companies such as Nvidia.

“In the past, one server generation typically lasted about two and a half to three years. You’d spend roughly a year designing a product, then it would stay in the market for about two years,” Simon Lin, Wistron’s chair, told Fortune. “With AI, not only are there new products every year, but each generation is a meaningful technological leap.”

Elsewhere in the AI supply chain, South Korean semiconductor firm SK Hynix rose 101 spots to No. 210, with revenue of $68.3 billion. SK Hynix has become the leading supplier of high-bandwidth memory chips, a key component in AI processors made by Nvidia and others. The company recently carried out a $28.5 billion listing in the U.S., the largest share sale ever by a foreign company in U.S. markets.

Asia’s new debuts

Several Asia-based companies are debuting on this year’s Global 500 list.

Chery Automobile enters at No. 383 with revenue of $41.8 billion. Chery has been China’s top car exporter for 23 years, and overseas shipments account for 70% of its total sales. It mainly exports internal combustion engine vehicles to markets including the Middle East, Africa, and Russia, though it is beginning to export electric vehicles as well. Chinese car exports remain a rare bright spot in the country’s slowing auto market; China is on track to export 10 million cars this year, up from 7.1 million last year.

WT Microelectronics debuts at No. 431 with revenue of $37.8 billion. Founded in Taiwan in 1993 as a local semiconductor distributor, the company has grown into a major supply chain partner.

Daikin Industries joins the list at No. 498 with revenue of $33.3 billion. As the world’s largest HVAC maker, Daikin has seen demand for its cooling products increase after Europe experienced one of its most intense heatwaves on record last month. According to the Financial Times, Daikin’s European air conditioning and refrigeration sales rose by almost 10% in the last financial year, faster than in any other region.

Another Global 500 debut tied to Asia is Coupang, often called “South Korea’s Amazon,” which appears at No. 479 with revenue of $34.5 billion. The company is incorporated in Delaware and lists Seattle as its headquarters, but it generates more than 90% of its revenue from South Korea, where it operates one of the country’s largest e-commerce and logistics networks.

This story was originally featured on Fortune.com