Asia300

Taiwan Semiconductor Manufacturing Co., Ltd.

Taiwan

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
May 22, 2018
Prev close: 229
May 22, 2018
Market cap:
Market cap(USD):
5,938.05B
198,431.25M
Shares: 25,930.38M

Currency in TWD

Company profile

Market(Ticker): TAI(2330)
Sector:
Industry:
Electronic Technology
Semiconductors
Full time employees: --

Business summary

Taiwan Semiconductor Manufacturing Co., Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products; information applications; wired and wireless communications systems products; automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras. The company was founded by Chung Mou Chang on February 21, 1987 and is headquartered in Hsinchu, Taiwan.

Company background

Taiwan Semiconductor Mfg., better known as TSMC, is the world's largest semiconductor foundry.

It receives orders to make large-scale integrated circuits for smartphones, in addition to a variety of semiconductors for PCs and TVs.

According to U.S. research company Gartner, TSMC accounted for 53.7% of the market for semiconductor production outsourcing in 2014.

TSMC was established in 1987 at the initiative of the Taiwanese government to promote the country's semiconductor industry.

Morris Chang, the de facto founder and chairman, had served as group vice president at U.S. chipmaker Texas Instruments before taking the chairmanship at TSMC, by request of the government.

TSMC was the first in the world to specialize in semiconductor production outsourcing; it gets most of its orders from U.S. brands. In 2014, it contracted with Apple to make central processing units for the iPhone, significantly raising earnings.

The company, which also has plants in China and Singapore, faces a challenging future. In January of 2015, it sold its unprofitable light-emitting diode business. It must foster new businesses.

Chang is a charismatic corporate manager, but the market is closely watching for when the 80-something businessman retires from the managerial front line.

In the news

Financial highlights

Dec 2017

  • Local currency
  • US Dollar
Revenue 977,442.68M
Gross profit 472,804.41M
Operating income 386,860.22M
Income before tax 393,147.08M
Net income 343,111.47M
EBITDA 647,002.92M
Diluted EPS 13.23
Dividends per share 8
Total assets 1,991.86B
Total liabilities 469,102M
Total equity 1,522.05B
Operating cash flow 595,753.07M

Currency in TWD

Revenue 32,128.71M
Gross profit 15,541.16M
Operating income 12,716.16M
Income before tax 12,922.81M
Net income 11,278.13M
EBITDA 21,267.10M
Diluted EPS 0.43
Dividends per share 0.26
Total assets 66,934.21M
Total liabilities 15,763.63M
Total equity 51,146.98M
Operating cash flow 19,582.51M

Currency in USD

Valuation measures

Dec 2017

PER 17.34
ROA 17.69%
ROE 23.57%
Operating margin 39.57%
Profit margin 35.10%

Key executive

  • Co-General Manager & Director: Te Yin Liu
  • Co-General Manager & Director: Che Chia Wei
  • Vice President-Operations: T. S. Chang
  • Head-Finance & Accounting, Senior Deputy GM: Li Mei Ho
  • Vice President-Research & Technology Development: Michael Wu

Share holders

  • National Development Fund of The Executive Yuan(6.3%)
  • Capital Research & Management Co. (World Investors)(4.4%)
  • The Vanguard Group, Inc.(2.3%)
  • BlackRock Fund Advisors(2.2%)
  • Capital Research & Management Co. (Global Investors)(1.8%)
  • Norges Bank Investment Management(1.3%)
  • OppenheimerFunds, Inc.(1.2%)
  • APG Asset Management NV(0.7%)
  • Schroder Investment Management Ltd.(0.6%)
  • Deutsche Asset Management Investment GmbH(0.6%)

Address

  • Website: http://www.tsmc.com
  • Address: No. 8 Li-Hsin 6th Road, Hsinchu Science Park, Hsinchu, 300, Taiwan
  • Phone: +886.3.563.6688

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