We’ll look at the top 25 tech companies outside of the US in this article.
The Worldwide Technology Industry
One of the largest tech marketplaces in the world is the United States. Many of the biggest technology companies in the world are based in Silicon Valley, California. In the field of technology, the US leads in many different areas. The International Trade Administration (ITA) and SelectUSA have estimated that the United States accounts for around one-third of the $5 trillion worldwide information technology (IT) market. One of the nations with the most advanced computer technology is the US.
Significant tech firms are, nevertheless, also situated outside of the US. These enormous technological companies are the global catalysts for economic expansion and innovation. ASML Holding N.V. and Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM). Some of the largest tech businesses outside of the US that are setting new standards and influencing the direction of the global tech sector are (NASDAQ:ASML) and SAP SE (NYSE:SAP).
MGI Research reported that in 2022, worldwide IT spending was expected to reach $8.51 trillion. Global IT spending is predicted to reach $11.47 trillion by 2026 at a compound annual growth rate (CAGR) of 7.75% over the course of five years. One of the main reasons propelling the expansion of the global tech industry is the increase in demand for different types of technology solutions and applications, like FinTech, EdTech, and MedTech. Additionally, companies and organizations from a variety of industries are investing more in software, digital solutions, and IT services.
The significance of technology and innovation as a key source of competitive advantage, as well as sizable investments in emerging technologies, are influencing the global tech market’s growth trajectory. Tech businesses worldwide should expect more prospects for growth as technology becomes more and more integrated into company operations.
A Brief Examining of a Few of the Largest Tech Firms Outside of the United States
The most well-known IT firms based outside of the US are ASML Holding N.V., SAP SE (NYSE:SAP), and Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), all of which stand to gain from higher technology spending. (NASDAQ:ASML).
Holding ASML N.V. (NASDAQ:ASML) is a multinational company based in the Netherlands that offers hardware, software, and related services to chipmakers. With a focus on creating and producing photolithography machines for computer chip production, the company is a major provider to the worldwide semiconductor market.
Holding ASML N.V. For the next five years, (NASDAQ:ASML) is rated as one of the top tech stocks as well. ASML Holding N.V. on January 24. (NASDAQ:ASML) released impressive fiscal year 2023 fourth quarter results. The business announced $5.66 in profits per share (EPS), $0.46 more than expected. The company exceeded the market consensus by $372.82 million in revenue for the quarter, with revenue growing by 12.24% year over year to $7.88 billion.
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Modern electronic gadgets cannot function without semiconductors, which are crucial for advancing technology across a wide range of industries, including computers, communications, healthcare, transportation, clean energy, and many more. JASM, Taiwan Semiconductor Manufacturing Company Limited’s (NYSE:TSM) majority-owned manufacturing subsidiary in Japan, announced on February 6 that the company, along with Sony Semiconductor Solutions Corporation, DENSO Corporation (TYO:6902), and Toyota Motor Corporation (NYSE:TM), has announced additional investment in Japan Advanced Semiconductor Manufacturing, Inc. (JASM) to build a second semiconductor fabrication plant. By the end of 2027, the second fab is expected to be operational.
The goal of the over $20 billion total investment, which has the backing of the Japanese government, is to increase supply chain efficiency and overall cost structure in addition to meeting growing customer demand.
Due to artificial intelligence’s (AI) ability to transform sectors, open up new opportunities, and promote sustainable growth, tech businesses are also investing in AI. Enterprise resource planning (ERP) software is one of the main products of the German multinational software business SAP SE (NYSE:SAP).
In order to help the University of California, Berkeley’s cutting-edge research on linked cloud technology in the context of artificial intelligence, SAP SE (NYSE:SAP) announced on January 30 that it will be partnering with the university’s Sky Computing Lab. SAP SE’s (NYSE:SAP) AI plan, which aims to create hundreds of apps, will be accelerated with the support of this alliance. The company’s AI capabilities will be shaped and improved by the research findings from UC Berkeley.
After a brief overview of the state of the global tech industry, let’s look at the top 25 most valuable tech firms based outside of the United States.
Top 25 Tech Companies Outside the US
25. Spotify Technology S.A.
Value of the Market: $47.46 billion
Spotify Technologies, Inc. (NYSE:SPOT) is a technology-based Swedish entertainment firm. It is among the most well-known media service providers and audio streaming services in the world. The business is ranked among the top 25 most valuable tech firms outside of the United States. Spotify Technologies, Inc. As of February 9, 2024, the market capitalization of (NYSE:SPOT) is $47.46 billion.
24. MediaTek Inc.
Capitalization of the Market: $47.51 billion
Among the top IT businesses outside of the US is Taiwanese fabless semiconductor manufacturer MediaTek Inc. (TPE:2454). It is one of the biggest fabless semiconductor businesses in the world and a significant supplier of chips for consumer multimedia products, electronic gadgets, and wireless communications, among other applications. MediaTek Inc. (TPE:2454) has a $47.51 billion market capitalization as of February 9, 2024.
23. Adyen N.V.
Capitalization of the Market: $49.3 billion
Adyen N.V. is a Dutch provider of payment technology (AMS:ADYEN). It serves as a platform for financial technology, offering end-to-end payment capabilities, data upgrades, and associated financial goods and services to organizations globally. Adyen N.V. As of February 9, 2024, the market capitalization of (AMS:ADYEN) is $49.3 billion.
22. Meituan
Capitalization of the Market: $53.36 billion
China’s Meituan (HKG:3690) is a tech-focused retailer. It offers a platform that links customers and retailers through technology. In addition to dining, entertainment, delivery, travel, and other activities, the organization offers retail services. Meituan (HKG:3690) has a $53.36 billion market capitalization as of February 9, 2024.
21. Atlassian Corporation
Capitalization of the Market: $55.02 Billion
Sydney, Australia is home to the headquarters of Australian-American software business Atlassian Corporation (NASDAQ:TEAM). It creates and produces a range of software solutions for a variety of users, including project managers and software developers. As of February 9, 2024, Atlassian Corporation (NASDAQ:TEAM), one of the most valuable tech businesses outside of the US, with a $55.02 billion market capitalization.
20. Constellation Software Inc.
Market Value: $58,77.5 billion
A software company based in Canada is called Constellation Software Inc. (TSE:CSU). It is a global supplier of cutting-edge software and services to both public and commercial sectors. Constellation Software Inc. (TSE:CSU), with a market value of $58.75 billion as of February 9, 2024, is in the top 20 of our ranking of the most valuable tech businesses outside of the United States.
19. NXP Semiconductors N.V.
Value of the Market: $60.2 billion
STMicroelectronics N.V. (NASDAQ:NXPI) is a Dutch manufacturer and designer of semiconductors. For the markets of mobile, industrial, automotive, and communication infrastructure, the company offers technological solutions. Among the world’s leading technology businesses, NXP Semiconductors N.V. As of February 9, 2024, the market capitalization of (NASDAQ:NXPI) is $60.2 billion.
18. Dassault Systèmes SE
Value of the Market: $63.72 billion
A multinational software company based in France is called Dassault Systèmes SE (EPA:DSY). Its area of expertise is in creating software for 3D manufacturing, simulation, product design, and other 3D-related goods and services. As of February 9, 2024, Dassault Systèmes SE (EPA:DSY) has a $63.72 billion market capitalization.
17. Nintendo Co. Ltd.
Value of the Market: $67.89 billion
Nintendo Co. Ltd. (TYO:7974), a worldwide video gaming corporation based in Japan. It also develops, produces, and markets video game consoles and other home entertainment goods. Nintendo Co. is among the most valued tech companies outside of the United States. As of February 9, 2024, Ltd. (TYO:7974) has a market capitalization of $67.89 billion.
16. NetEase Inc.
Market Cap: 68.76 billion dollars
Chinese internet technology business NetEase Inc. (NASDAQ:NTES) was founded. With a focus on content, it is a significant supplier of e-commerce platforms, advertising services, and online computer and mobile games. As of February 9, 2024, NetEase Inc. (NASDAQ:NTES) had a market capitalization of $68.76 billion.
15. SK hynix Inc.
Capitalization of the Market: $73.79 billion
SK Hynix Inc., a South Korean memory chip manufacturer, is ranked in the top 15 of our list of the most valuable tech businesses outside of the United States. Its KRX code is 000660. It is one of the biggest memory chip manufacturers and one of the biggest semiconductor firms in the world. SK Hynix Inc. (KRX:000660) has a market capitalization of $73.79 billion as of February 9, 2024.
14. MercadoLibre Inc.
Value of the Market: $88.08 billion
MercadoLibre Inc. (NASDAQ:MELI) is an Argentine company with its headquarters located in Uruguay and its incorporation in the US. Its primary areas of interest include e-commerce, financial services, and associated services. It is among the largest financial and e-commerce businesses in Latin America. As of February 9, 2024, MercadoLibre Inc. (NASDAQ:MELI) has a market capitalization of $88.08 billion.
13. Tokyo Electron Limited
Value of the Market: $92.28 billion
Tokyo Electron Limited (TYO:8035) is a semiconductor and electronics business based in Japan. One of the leading technology businesses globally, it creates and produces industrial electronics products and equipment for semiconductor production. As of February 9, 2024, Tokyo Electron Limited (TYO:8035) had a $92.28 billion market capitalization.
12. Keyence Corporation
Value of the Market: $107.89 billion
Keyence Corporation (TYO:6861) is a direct sales company headquartered in Japan that offers inspection and industrial automation equipment. It creates and produces machine vision systems, laser markers, sensors, measurement systems, and microscopes. As of February 9, 2024, Keyence Corporation (TYO:6861) had a market capitalization of $107.89 billion. On our list of the most valuable tech companies outside of the United States, it is ranked 12th.
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11. Shopify Inc.
Value of the Market: $112.89 billion
A international e-commerce corporation based in Canada is called Shopify Inc. (NYSE:SHOP). It is a comprehensive platform for commerce that enables anyone to launch, run, and grow an internet store. Shopify Inc. (NYSE:SHOP) has a market capitalization of $112.89 billion as of February 9, 2024.
10. Schneider Electric S.E.
Value of the Market: $118.05 billion
Schneider Electric S.E. (EPA:SU) is a global French firm with expertise in energy management and digital automation. On our list of the most valuable tech companies outside of the United States, it is ranked in the top 10. Schneider Electric S.E. As of February 9, 2024, (EPA:SU) has a market capitalization of $118.05.
9. Arm Holdings plc
Value of the Market: $118.44 billion
British software design and semiconductor firm Arm Holdings plc (NASDAQ:ARMH). Among the world’s leading technology businesses, it provides software, tools, hardware, graphics processing units, microprocessors, systems intellectual property (IPs), physical IP, and related systems IPs. Arm Holdings plc (NASDAQ:ARMH) has a market capitalization of $118.44 billion as of February 9, 2024.
8. Sony Group Corporation
Value of the Market: $119.01 billion
Sony Group Corporation is a worldwide conglomerate corporation based in Japan (NYSE:SNE). The entities that comprise the group are Sony Corporation, Sony Financial Group, Sony Music Group, Sony Interactive Entertainment, Sony Pictures, Sony Semiconductor Solutions, and others. The most well-known product line for Sony Group Corporation (NYSE:SNE) is electronics. As of February 9, 2024, it has a market valuation of $119.01 billion, making it one of the most valuable firms outside the US.
7. Pinduoduo Inc.
Value of the Market: $169.36 billion
Chinese online retailer Pinduoduo Inc. (NASDAQ:PDD) specializes in the agricultural industry. Millions of farmers and consumers are connected via this online marketplace and technological platform. Pinduoduo Inc. (NASDAQ:PDD) has a market capitalization of $169.36 billion as of February 9, 2024.
6. Alibaba Group Holding Limited
Value of the Market: $180.05 billion
Alibaba Group Holding Limited is a multinational technology firm based in China (NYSE:BABA). Its areas of expertise are technology infrastructure, retail, and e-commerce. It is ranked sixth on our ranking of the most valuable tech businesses outside of the United States, making it one of the best tech companies in the world. As of February 9, 2024, Alibaba Group Holding Limited (NYSE:BABA) has a market capitalization of $180.05 billion.
5. SAP SE
Value of the Market: $212.35 billion
Enterprise software is created by the German multinational software corporation SAP SE (NYSE:SAP) to handle customer contacts and business processes. Among the top 5 on our list of the most valuable tech companies outside of the US is this global leader in enterprise resource planning (ERP) software. As of February 9, 2024, SAP SE (NYSE:SAP) has a market capitalization of $212.35 billion.
4. Tencent Holdings Limited
Capitalization of the Market: $349.54 billion
Chinese multinational technology giant and holding company Tencent Holdings Limited (HKG:0700). Among its many services, which include wireless internet, communication, information, entertainment, online media, e-commerce, and online advertising, is one of the largest IT businesses in the world. Tencent Holdings Limited (HKG:0700) has a market capitalization of $349.54 billion as of February 9, 2024. It is among the most valued tech firms based outside of the United States.
3. Samsung Electronics Co. Ltd.
Value of the Market: $370.53 billion
Samsung Electronics Corporation. Ltd. (KRX:005930) is a multinational company based in South Korea. It is among the world’s leading tech companies. Appliances and consumer electronics are its best-known products. As of February 9, 2024, with a market value of $370.53 billion, Samsung Electronics Co. Among the top 3 on our list of the most valuable tech companies is Ltd. (KRX:005930).
2. ASML Holding N.V.
Value of the Market: $374.7 billion
Holding ASML N.V. (NASDAQ:ASML) is a multinational firm based in the Netherlands with a focus on developing and producing photolithography machines, which are utilized in the production of computer chips. On our list of the most valuable tech companies outside of the United States, it comes in second. beginning on February 9, 2024, with ASML Holding N.V. (NASDAQ:ASML) is valued at $374.7 billion on the market.
1. Taiwan Semiconductor Manufacturing Company Limited
Value of the Market: $690.36 billion
On our list of the 25 most valuable tech companies outside of the United States, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is ranked first. This global semiconductor contract manufacturing and design firm is based in Taiwan. Among the largest technology businesses globally, it produces an extensive array of goods for diverse uses across several end industries, such as digital consumer electronics, smartphones, high-performance computers, and the Internet of Things (IoT). As of February 9, 2024, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) had a $690.36 billion market capitalization.
