There’s no doubt the world’s leading chip manufacturer TSMC (2330:TPE) dominates the Taiwanese market – unsurprising given it’s near trillion-dollar valuation.

However, while it has a more than 50% weighting in the MSCI Taiwan index there are some other interesting names.

Undoubtedly Taiwan is a tech-heavy market, with information technology enjoying a weighting of nearly 80%. This feeds into a higher valuation than other emerging markets with a forward price to earnings ratio of 17.2 times for MSCI Taiwan compared with 12.1 times for MSCI Emerging Markets. The top five constituents in the index are all tech business.

Number two is Hon Hai Precision Industry (2317:TPE), more commonly known as Foxconn, is a global leader in electronics contract manufacturing. It assembles products such as the iPhone and Xbox games console for major brands like Apple (AAPL:NASDAQ) and Microsoft (MSFT:NASDAQ) and is now seeing significant demand for AI servers.

Like TSMC, the third largest listed Taiwanese company MediaTek (2454:TPE) also operates in the semiconductor space but focuses on the design and sale rather than the manufacture of chips.

At four on the list is Quanta Computer (2382:TPE) which makes notebook computers and other electronic hardware for companies including Dell Technologies (DELL:NYSE) and HP Inc (HPQ:NYSE).

Rounding of the quintet is Delta Electronics (2308:TPE) which makes power components for a list of global clients which includes Tesla (TSLA:NASDAQ).

This outlook is part of a series being sponsored by Templeton Emerging Markets Investment Trust. For more information on the trust, visit www.temit.co.uk

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