2330.TW - Taiwan Semiconductor Manufacturing Company Limited

Taiwan - Taiwan Delayed Price. Currency in TWD
293.50
-3.00 (-1.01%)
At close: 1:30PM CST
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Previous Close293.50
Open295.00
Bid293.00 x 0
Ask293.50 x 0
Day's Range292.00 - 295.50
52 Week Range206.50 - 298.00
Volume40,083,000
Avg. Volume29,000,460
Market Cap7.611T
Beta (3Y Monthly)1.48
PE Ratio (TTM)23.13
EPS (TTM)12.69
Earnings DateJan 16, 2020
Forward Dividend & Yield12.50 (4.26%)
Ex-Dividend Date2019-12-19
1y Target Est262.88
  • Semiconductor Advisors' Maire on TSMC, Samsung
    Bloomberg

    Semiconductor Advisors' Maire on TSMC, Samsung

    Oct.16 -- Robert Maire, president of consulting firm Semiconductor Advisors, talks about Taiwan Semiconductor Manufacturing Co., which is scheduled to report its results on Thursday, and Samsung Electronics Co. He speaks with Shery Ahn and Haidi Stroud-Watts on "Bloomberg Daybreak: Australia."

  • Barrons.com

    Taiwan Semiconductor Stock Is Down After Beating Earnings and Raising Capex Plans

    The foundry giant has consolidated its market share in recent years because its foundries were the first to offer 7-nanometer chip production at significant volume. Taiwan Semiconductor ADRs are slightly lower.

  • Taiwan Semiconductor Beats Q3 Forecasts, Signals Chip Industry Upswing
    Investor's Business Daily

    Taiwan Semiconductor Beats Q3 Forecasts, Signals Chip Industry Upswing

    Taiwan Semiconductor Manufacturing, known as TSMC, beat Wall Street's targets for the third quarter and guided higher for the fourth quarter. The TSMC earnings report drove its stock up.

  • TSMC’s $15 Billion Splurge Galvanizes Hope of a 5G-Led Rebound
    Bloomberg

    TSMC’s $15 Billion Splurge Galvanizes Hope of a 5G-Led Rebound

    (Bloomberg) -- Taiwan Semiconductor Manufacturing Co.’s plan to spend as much as $15 billion on technology and capacity in 2019 -- roughly 50% higher than originally envisioned -- is spurring hopes that the dawn of fifth-generation networks will rev up global chip and smartphone demand.The primary chip supplier to Apple Inc. told investors it’s sharply increasing its estimate for 2019 capital expenditure to between $14 billion to $15 billion from as much as $11 billion previously, and Chief Financial Officer Wendell Huang said 2020 spending will be similar. The Taiwanese company also projected current-quarter revenue ahead of estimates, an affirmation that the latest iPhones have proven a hit with consumers.Chief Executive Officer C. C. Wei sketched out hopes that the emergence of 5G, the foundation of future technologies from automated factories and smart homes to blazing-fast consumer electronics, will help underpin its business in coming years. TSMC, which is the world’s largest contract chipmaker, and is seen as a barometer for the tech industry thanks to its heft and place in the supply chain, said the advent of 5G-enabled smartphones will result in more chips in devices than before.“We are much more optimistic than six months ago,” Wei said, adding that the 5G momentum was larger than the company expected. TSMC has increased its forecast of the 5G smartphone penetration rate in 2020 to a percentage in the mid-teens from its previous single-digit estimate. Many countries, especially larger ones, were rapidly pushing ahead with 5G rollout plans, Wei added.Suppliers including ASML Holding NV, Applied Materials Inc. and Tokyo Electron Ltd. could stand to benefit from TSMC’s capex increase.In addition to 5G, TSMC’s push is driven by growing demand from tech giants such as Apple and Huawei Technologies Co., said Roger Sheng, a semiconductor analyst with Gartner.“Everyone is waiting to see a bounce back of global smartphone market next year after Apple adopts 5G. The self-designed Huawei chipsets will also push demand, as will Qualcomm’s 5nm chips for next year and AMD’s server chip demand,” Sheng said.Although the demand outlook remains uncertain for 2020, the global semiconductor market is set to make a gradual recovery on the back of the demand related to 5G, AI and automotive applications, according to a note from TrendForce on Oct. 2.On Thursday, TSMC also underlined expectations that Apple, its largest customer, is riding a bounce-back in demand for the iPhones after a lukewarm 2018 iteration. Lower prices and aging handsets are helping drive demand for the iPhone 11 range, and Apple is said to be asking its assemblers to target the high end of an original forecast for 70 million to 75 million unit shipments in 2019.The Taiwanese company foresees revenue of $10.2 billion to $10.3 billion in the pivotal December holiday quarter, surpassing an average projection for about $9.9 billion. TSMC gave that sales outlook after reporting net income of NT$101.1 billion ($3.3 billion) for the September quarter, handily beating estimates as the global chip market recovers.Still, fallout from ongoing trade conflicts could crimp an industry revival. While TSMC doesn’t factor trade conflicts into its capex plans, any international trade war will have a negative effect on the semiconductor sector, Wei said. China is an especially important market for TSMC and the semiconductor industry, he added.TSMC and its industry peers had grappled with a plateauing smartphone market, efforts by Apple to move beyond hardware, and U.S. tech-export curbs on No. 2 customer Huawei. But investors are growing more confident that the emergence of 5G will prop up chip prices and demand, while the latest iPhones are firing up consumers. TSMC is in fact straining against capacity constraints in the current quarter, Sanford C. Bernstein analyst Mark Li said.The “iPhone is driving stronger near-term demand. We believe the competitive pricing of iPhone 11 is garnering good traction and has prompted Apple to place more orders at the supply chain,” Li said in an Oct. 10 note.Revenue was NT$293 billion according to previously reported sales data. Shares of TSMC climbed to a record in October on optimism over the latest iPhones. They closed about 1% lower ahead of the earnings report.To contact the reporters on this story: Debby Wu in Taipei at dwu278@bloomberg.net;Gao Yuan in Beijing at ygao199@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at pelstrom@bloomberg.net, Edwin Chan, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Chipmaker TSMC boosts capex by up to $5 billion, sees fourth quarter sales jump on smartphones
    Reuters

    Chipmaker TSMC boosts capex by up to $5 billion, sees fourth quarter sales jump on smartphones

    Apple Inc supplier TSMC raised its 2019 capital spending plan by up to $5 billion on Thursday and forecast a nearly 10% rise in fourth-quarter revenue on strong demand for faster mobile chips and new high-end smartphones. The bullish forecast by the world's top contract chipmaker should ease investor fears of a global tech slowdown, as the world economic growth outlook has dimmed largely due to a 15-month trade war between the United States and China. "5G smartphone growth momentum is stronger than we expected... We have good reasons to increase our capex this year and next year," TSMC CEO C.C. Wei told an earnings briefing after reporting the Taiwanese company's strongest quarterly profit growth in more than two years.

  • Reuters

    UPDATE 3-Chipmaker TSMC boosts capex by up to $5 bln, sees Q4 sales jump on smartphones

    Apple Inc supplier TSMC raised its 2019 capital spending plan by up to $5 billion on Thursday and forecast a nearly 10% rise in fourth-quarter revenue on strong demand for faster mobile chips and new high-end smartphones. The bullish forecast by the world's top contract chipmaker should ease investor fears of a global tech slowdown, as the world economic growth outlook has dimmed largely due to a 15-month trade war between the United States and China.

  • Chipmaker TSMC boosts capex by up to $5 billion, sees fourth-quarter sales jump on smartphones
    Reuters

    Chipmaker TSMC boosts capex by up to $5 billion, sees fourth-quarter sales jump on smartphones

    Apple Inc supplier TSMC raised its 2019 capital spending plan by up to $5 billion on Thursday and forecast a nearly 10% rise in fourth-quarter revenue on strong demand for faster mobile chips and new high-end smartphones. The bullish forecast by the world's top contract chipmaker should ease investor fears of a global tech slowdown, as the world economic growth outlook has dimmed largely due to a 15-month trade war between the United States and China. "5G smartphone growth momentum is stronger than we expected... We have good reasons to increase our capex this year and next year," TSMC CEO C.C. Wei told an earnings briefing after reporting the Taiwanese company's strongest quarterly profit growth in more than two years.

  • TheStreet.com

    TSMC Boosts Q4 Revenue Forecast; Apple Supplier Sees Solid Smartphone Demand

    Apple supplier TSMC boosted its current quarter revenue forecast amid what it said was stronger-than-expected global demand for premium smartphones.

  • Barrons.com

    Taiwan Semiconductor Manufacturing Reports Earnings Tomorrow. Here’s What to Expect.

    Earlier this month, Barron’s suggested Taiwan Semi may be a good way to play innovation trends such as artificial intelligence.

  • Bloomberg

    Chip Gear-Maker ASML’s Sales Outlook Beats Analyst Estimates

    (Bloomberg) -- ASML Holding NV forecast fourth-quarter sales ahead of analysts’ expectations, as Europe’s largest semiconductor equipment maker won orders for 23 more of its newest lithography machines.The Netherlands-based company, which has a monopoly on extreme ultraviolet-lithography equipment, predicts sales of 3.9 billion euros ($4.3 billion) for the fourth quarter, compared with an average estimate of 3.87 billion euros. A year earlier, ASML reported sales of 3.14 billion euros over that quarter.Shares of ASML fell as much as 2.1%. The shares has surged 77% so far this year through Tuesday, making ASML the fourth Dutch company with a market value of more than a 100 billion euros.Key InsightsASML, an important supplier to chip makers including Samsung Electronics Co. and Taiwan Semiconductor Manufacturing Co., forecasts a gross margin of about 48% to 49% in the fourth quarter of the year, matching the average estimate for 48.8%.The 23 EUV orders in the third quarter contributed to the highest-ever value of bookings in one quarter, said Chief Executive Officer Peter Wennink. “This strong order flow confirms the adoption of EUV in high volume manufacturing for Logic and Memory.”Wennink added he expects the Logic business to continue to be strong, driven by the leading-edge nodes supporting end-market technology and applications such as 5G and artificial intelligence, while the timing of the memory industry’s recovery remains uncertain.ASML locked in bookings worth of 5.1 billion euros in the last quarter.Analyst Comment“The order value really pops out, what is impressive amid the trade war and negative impact on electronics,” InsingerGilissen Bankiers analyst Jos Versteeg said by phone, “Such a strong growth does show how confident chip manufacturers are and that they do not want to miss the boat. I think the build-up to 5G leads to a considerable demand for semiconductors.”Know MoreThird-quarter sales came in at 2.99 billion euros, slightly below the average estimate of 3.01 billion euros. In the quarter, ASML shipped seven EUV systems, three of which were NXE:3400C, the higher productivity model.ASML newest machines, called extreme ultraviolet lithography systems or EUV, etch smaller circuits while increasing capacity and speed. EUV machines, about the size of a bus, cost more than 100 million euros each. ASML earns the bulk of its revenue in Asia.ASML models an annual revenue opportunity of 13 billion euros in 2020 and an annual revenue of between 15 billion euros and 24 billion euros through 2025, based on its positive view of technology drivers such as 5G communications, automotive, artificial intelligence and data centers. CEO Wennink said in the statement he continues to see 2019 as a growth year.What Bloomberg Intelligence says:Greater exposure to chip lithography equipment could help ASML achieve strong sales growth from 2020 onward, although sales and profit may temporarily drop in 2019. ASML is well-positioned as the only maker of extreme ultraviolet lithography (EUV) machines, for the next generation of chips for AI and 5G.(Updates with shares, analyst comment.)To contact the reporter on this story: Ellen Proper in Amsterdam at eproper@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Edwin ChanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Moody's

    Boxinyuan International Co., Ltd. -- Moody's assigns first-time Ba2 ratings to Nanjing Pukou Economic Development; outlook stable

    Moody's Investors Service has assigned a first-time Ba2 corporate family rating (CFR) to Nanjing Pukou Economic Development Co., Ltd. (Nanjing Pukou). At the same time, Moody's has assigned a Ba2 backed senior unsecured rating to the proposed notes issued by Boxinyuan International Co., Ltd., and unconditionally and irrevocably guaranteed by Nanjing Pukou.

  • From patent battles to trade wars, GlobalFoundries faces tough tests
    American City Business Journals

    From patent battles to trade wars, GlobalFoundries faces tough tests

    A patent battle. An international trade war. The prospect of going public. GlobalFoundries is confronting some tough tests after spending the last decade building a $15 billion computer chip factory in Saratoga County and hiring 3,000 people.

  • NVIDIA to Fight AMD’s ‘NVIDIA Killer’ with Ampere
    Market Realist

    NVIDIA to Fight AMD’s ‘NVIDIA Killer’ with Ampere

    Yesterday, AMD launched its low-end Navi-based Radeon RX 5500 GPU. Industry rumors indicate that NVIDIA’s Ampere GPUs could arrive by mid-2020.

  • Hedge Funds Have Never Been More Bullish On Taiwan Semiconductor Manufacturing Company Limited  (TSM)
    Insider Monkey

    Hedge Funds Have Never Been More Bullish On Taiwan Semiconductor Manufacturing Company Limited (TSM)

    Reputable billionaire investors such as Jim Simons, Cliff Asness and David Tepper generate exorbitant profits for their wealthy accredited investors (a minimum of $1 million in investable assets would be required to invest in a hedge fund and most successful hedge funds won't accept your savings unless you commit at least $5 million) by pinpointing […]

  • Barrons.com

    The Tech Stock That Apple, AMD, and Nvidia Can’t Do Without

    Excitement about artificial intelligence, fifth-generation wireless, and cloud computing has been complicated by regulatory threats, the trade war, and slowing global growth. Established in 1987, TSMC pioneered the foundry business model of making chips only for external customers. TSMC’s client list includes the world’s top technology companies, such as (AAPL) (AAPL), (QCOM) (QCOM), Huawei Technologies, (NVDA) (NVDA), and Advanced Micro Devices (AMD).

  • Taiwan Semiconductor Wins Deals To Make Artificial Intelligence Chips
    Investor's Business Daily

    Taiwan Semiconductor Wins Deals To Make Artificial Intelligence Chips

    Taiwan Semiconductor Manufacturing has scored multiple orders to make artificial intelligence processors for Nvidia and other firms, according a report Friday. TSM stock rose on the news.

  • Here is Hedge Funds’ 30th Most Popular Stock Pick
    Insider Monkey

    Here is Hedge Funds’ 30th Most Popular Stock Pick

    Hedge funds run by legendary names like George Soros and David Tepper make billions of dollars a year for themselves and their super-rich accredited investors (you’ve got to have a minimum of $1 million liquid to invest in a hedge fund) by spending enormous resources on analyzing and uncovering data about small-cap stocks that the […]

  • TSMC counter-sues U.S. chip rival GlobalFoundries for patent infringement
    Reuters

    TSMC counter-sues U.S. chip rival GlobalFoundries for patent infringement

    Taiwan Semiconductor Manufacturing Co Ltd (TSMC) said that in lawsuits filed on Monday it has asked for injunctions to stop GlobalFoundries' manufacture and sale of chips that infringe the patents. TSMC, the world's largest contract chipmaker, said in a statement on Tuesday it was seeking "substantial monetary damages from GlobalFoundries" but did not specify an amount.

  • 4 Rebounding Chip Stocks Poised to Rise Higher Amid Holiday Sales
    Investopedia

    4 Rebounding Chip Stocks Poised to Rise Higher Amid Holiday Sales

    A wave of new chip-packed consumer electronics, including Apple's latest iPhones, could lead chip makers to outperform.

  • AMD Stock Falls 3.6% on Ryzen 3950X Delay
    Market Realist

    AMD Stock Falls 3.6% on Ryzen 3950X Delay

    AMD has delayed the September launch of Ryzen 3950X to November. There are rumors that the delay might be either due to constraints or clocking issues.

  • These 3 Long-Term Dividend Payers Offer a High Forward Yield
    GuruFocus.com

    These 3 Long-Term Dividend Payers Offer a High Forward Yield

    Taiwan Semiconductor Manufacturing Co. Ltd. tops the list Continue reading...

  • AMD Takes the Zen Family Tradition Forward
    Market Realist

    AMD Takes the Zen Family Tradition Forward

    Advanced Micro Devices (AMD) stock has risen significantly since 2017, when the company first introduced its high-performance Zen architecture.

  • 5 Companies Growing Earnings
    GuruFocus.com

    5 Companies Growing Earnings

    Chipmakers Taiwan Semiconductor, Intel top the list Continue reading...