TSM - Taiwan Semiconductor Manufacturing Company Limited

NYSE - Nasdaq Real Time Price. Currency in USD
50.82
+1.02 (+2.05%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies
Chart Events
Bearishpattern detected
Commodity Channel Index

Commodity Channel Index

Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close49.80
Open51.30
Bid50.87 x 800
Ask51.03 x 800
Day's Range50.79 - 51.40
52 Week Range37.18 - 60.64
Volume8,515,325
Avg. Volume10,551,729
Market Cap258.333B
Beta (5Y Monthly)0.71
PE Ratio (TTM)22.79
EPS (TTM)2.23
Earnings DateN/A
Forward Dividend & Yield2.85 (5.72%)
Ex-Dividend DateJun 18, 2020
1y Target Est53.03
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
Research that delivers an independent perspective, consistent methodology and actionable insight
Related Research
View more
  • Japan’s Hottest Stock Is Tiny Maker of $40 Million Machines
    Bloomberg

    Japan’s Hottest Stock Is Tiny Maker of $40 Million Machines

    (Bloomberg) -- The list of Intel Corp.’s annual supplier award winners tends to read like a who’s-who of the semiconductor industry’s biggest names. This year, it included a little-known Japanese company whose machines have become indispensable in the race to improve semiconductors and whose stock has been rocketing up as a result.Lasertec Corp. is the world’s only maker of testing machines required to verify chip designs for the nascent extreme ultraviolet lithography (or EUV) method of chipmaking. In 2017, Lasertec solved a key piece of the EUV puzzle when it created a machine that can inspect blank EUV masks for internal flaws. Last September, it cleared another milestone by unveiling equipment that can do the same for stencils with chip designs already printed on them. This March, Intel gave the tiny Yokohama-based company an award for innovation, its first after decades of doing business together.“That’s a major milestone for us,” Lasertec President Osamu Okabayashi said in an interview. “It means a lot to be recognized this way as a supplier.”The company’s stock has soared about 550% since the start of 2019, more than twice the gain of the second-best-performing security in the benchmark Topix index. Shares increased about 4% Tuesday, pushing its rise this year to more than 60%.Intel declined to say if it was buying EUV equipment from Lasertec, which already supplies test gear to its rivals Samsung Electronics Co. and Taiwan Semiconductor Manufacturing Co. The three chip fabricators are the only ones so far to announce EUV plans, because the technology is so complex and expensive. Okabayashi would only say that his company has “two or more” EUV customers.“This can be read as a sign that Lasertec’s tools are indispensable to Intel’s EUV roadmap.” said Damian Thong, an analyst at Macquarie Group Ltd.Read more: Japan’s Star Electronics Stock Will Be Vital to Intel, SamsungEUV is just entering the mass production phase after two decades in development, but investors are already betting Lasertec will be one of the key beneficiaries. The move to EUV overcomes key hurdles to shrinking manufacturing geometries of semiconductors, allowing more and smaller transistors to be crammed onto silicon. It promises to unleash another wave of gadgets that are slimmer, cheaper and more powerful.Last month, Lasertec raised its annual order forecast for the second time this year to 85 billion yen ($789 million) in the period ending June, nearly double the amount it received in fiscal 2019. The company is headed for the fourth straight year of record revenue and profits. Sales will climb 39% to 40 billion yen and profit will jump 76%, according to its estimates. And that’s likely to be just the beginning.Samsung earlier this month said it is building a 5-nanometer fabrication facility that will use EUV to make processors for applications ranging from 5G networking to high-performance computing from the second half of next year. Taiwan’s TSMC is pushing ahead with plans to adopt 3-nanometer lithography mass production in 2022 and announced plans to build an advanced fab in the U.S. Intel’s first product made using EUV is expected late next year.Their primary focus is on so-called logic processors, used to power devices and networking applications, but the new manufacturing technique will eventually filter through into the production of DRAM and other memory chips.Read more: Samsung Takes Another Step in $116 Billion Plan to Take on TSMC“Logic makers will be first to adopt EUV, with memory makers following later,” Okabayashi said. “The real volume of orders will come when they reach mass production stage. Right now it’s 7- and 5-nanometer chips. 3-nanometer is still in development stage.”Okabayashi expects each customer will probably need several of his testers, which could cost well over $40 million apiece and take as long as two years to build. A chipmaker would need at least one machine in its mask shop to make sure the stencils come out right. Another would go into a wafer fab to keep an eye on the microscopic wear and tear that result from concentrated light being projected repeatedly through the chip design stencils.“Lasertec is still trying to get a feel for this market and how big it can be,” Macquarie’s Thong said. “Their stock is moving on expectation of future orders. But there is little actual visibility on the scale of this market, so Lasertec retains a lot of capacity for surprise.”(Updates with share price in fourth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • A Solid Dividend Stock to Buy in May
    Motley Fool

    A Solid Dividend Stock to Buy in May

    Applied Materials (NASDAQ: AMAT) had to pull its quarterly guidance in March, as the novel coronavirus outbreak disrupted tech supply chains thanks to shelter-in-place orders and lockdowns initiated across the globe to contain the spread. The company said that COVID-19 created substantial challenges across its "supply chain, manufacturing operations and logistics," erasing nearly $650 million in potential sales in its semiconductor systems business during the quarter. Despite these challenges, Applied Materials put up a solid performance and also met its dividend commitments at a time when several big names have been reducing or suspending payouts.

  • Barrons.com

    Clorox and Netflix Stock Prospered During the Pandemic. Can They Continue?

    Two very different companies found their shares climbing together as the crisis deepened. But what will happen as cooped-up people emerge?

  • Is TSMC Becoming a Pawn in the Trade War Between the U.S. and China?
    Motley Fool

    Is TSMC Becoming a Pawn in the Trade War Between the U.S. and China?

    TSMC (NYSE: TSM), the world's largest contract chipmaker, recently announced plans to build a new $12 billion plant in Arizona by 2024. The announcement might seem like good news for Taiwan-based TSMC and Arizona, but it also indicates the company is becoming entangled in the escalating trade war. Let's see how this deal could affect TSMC's business, and whether or not it's becoming a pawn in the messy tech war between the U.S. and China.

  • Caxton Associates Exits Aptiv, Bank Of America
    GuruFocus.com

    Caxton Associates Exits Aptiv, Bank Of America

    Firm's largest sales of the 1st quarter Continue reading...

  • Reuters

    Samsung Electronics breaks ground for sixth domestic contract chip manufacturing line

    South Korea's Samsung Electronics Co Ltd on Thursday said it has broken ground for its sixth domestic contract chip production line, which will make logic chips as part of efforts to reduce its reliance on the volatile memory chip sector. Samsung is taking on bigger rival Taiwan Semiconductor Manufacturing Co Ltd (TSMC) in the contract manufacturing business, where it competes to win orders from customers such as Qualcomm Inc. Samsung broke ground earlier this month and plans to start production in the second half of next year.

  • Bloomberg

    Samsung Takes Another Step in $116 Billion Plan to Take on TSMC

    (Bloomberg) -- Samsung Electronics Co. has begun building a cutting-edge chip production line intended to help it take on Taiwan Semiconductor Manufacturing Co. in the business of making silicon for external clients.South Korea’s largest company said it’s started construction on a 5-nanometer fabrication facility in Pyeongtaek, south of Seoul, dedicated to its made-to-order foundry business, an arena TSMC dominates. Based on the Extreme Ultraviolet Lithography or EUV process, Samsung expects the fab’s output to go toward applications from 5G networking to high-performance computing from the second half of 2021, it said in a statement.Samsung, the world’s largest maker of computer memory, smartphones and displays, in 2019 outlined its aim of spending $116 billion to compete with TSMC and Intel Corp. in contract chipmaking, making silicon for customers like Qualcomm Inc. or Nvidia Corp. Its announcement on Thursday coincides with the announcement of restrictions on the sale of semiconductors made with American gear to China’s Huawei Technologies Co., a constraint that threatens more than a tenth of TSMC’s business.“This will enable us to break new ground while driving robust growth for Samsung’s foundry business,” ES Jung, head of the contract chipmaking division, said in a statement.Read more: Behind Samsung’s $116 Billion Bid for Chip SupremacySamsung first unveiled its expansion blueprint in April 2019, outlining at the time its goal of hiring thousands and ramping up investment in logic chips in the years leading up to 2030. That initiative arose as sales of smartphones and consumer electronics plateaued and competition from Chinese rivals depressed margins.EUV is the latest and most advanced chipmaking method, requiring machines costing tens of millions of dollars and delivering better precision and performance in the chips it produces. TSMC and Samsung, through its spending plan, are the leaders in developing that process and expanding into 5nm and smaller manufacturing nodes.Before the arrival Covid-19, Samsung had begun collaborating with major clients on designing and manufacturing custom chips and that work was already starting to add to its revenue, a Samsung executive has said. The company’s newest fab in Pyeongtaek joins another 5nm facility in Hwaseong that will begin production in the second half of this year.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Senate Democrats call for Trump administration to unveil details of TSMC plant deal
    Reuters

    Senate Democrats call for Trump administration to unveil details of TSMC plant deal

    Democratic lawmakers on Tuesday urged the Trump administration to answer "serious questions" about Taiwan Semiconductor Manufacturing Co Ltd's plans to build a U.S.-based $12 billion plant, flagging national security concerns and potentially undisclosed subsidies. TSMC, the world's biggest contract chipmaker and supplier to U.S. tech giants such as Apple Inc, announced the project last week, in a move trumpeted by Commerce Secretary Wilbur Ross as signaling a "renaissance in American manufacturing" fueled by President Donald Trump. In a letter addressed Tuesday to Ross and Defense Secretary Mark Esper, top Senate Democrat Chuck Schumer and two colleagues said they "strongly support" efforts by the administration to "on-shore" semiconductor plants in the United States.

  • Barrons.com

    New Nasdaq Restrictions on IPOs Could Be a Swipe at China — or Just About Investor Safety. What You Need to Know.

    Nasdaq is set to unveil new restrictions on initial public offerings that could make it harder for some Chinese companies to list in the U.S. Is this the next step in the decoupling of China and the U.S., or is something else going on?

  • Financial Times

    US ‘surgical’ attack on Huawei will reshape tech supply chain

    Huawei said on Monday that new US sanctions will put its survival at stake. “When they first blacklisted Huawei in May last year, it was a big political signal but the effect was limited,” said an executive at a Taiwanese computer chip company. On Friday the US commerce department said it would amend last year’s blacklisting to stop Huawei and its affiliates from buying computer chips that had been made or designed with US equipment.

  • Top Stock Picks for Week of May 18, 2020
    Zacks

    Top Stock Picks for Week of May 18, 2020

    Consumer Products & Chips in Focus.

  • Barrons.com

    What Investors Need to Know as the U.S. Targets Chip Sales to Huawei

    The impact on stocks from the U.S. move to crack down on the Chinese maker of telecommunications gear may be less dramatic than the rhetoric suggests, at least for now.

  • U.S.-China Trade Spat Transcends 5G to Chipmaking Hegemony
    Zacks

    U.S.-China Trade Spat Transcends 5G to Chipmaking Hegemony

    Taiwan Semiconductor Manufacturing Co. appears to be the latest pawn in the Sino-U.S. tussle as it is becoming increasingly difficult for the company to remain neutral.

  • Taiwan Semiconductor Manufacturing, Chipotle, Activision Blizzard, Glu Mobile and Zynga highlighted as Zacks Bull and Bear of the Day
    Zacks

    Taiwan Semiconductor Manufacturing, Chipotle, Activision Blizzard, Glu Mobile and Zynga highlighted as Zacks Bull and Bear of the Day

    Taiwan Semiconductor Manufacturing, Chipotle, Activision Blizzard, Glu Mobile and Zynga highlighted as Zacks Bull and Bear of the Day

  • TheStreet.com

    New Hostilities Over Huawei Threaten Collateral Damage for U.S. Techs

    Apple, Qualcomm, Cisco and Boeing are all named in the firing line as China prepares defenses against U.S. Commerce Department attack.

  • Huawei Warns of ‘Terrible Price’ If U.S.-China Tensions Escalate
    Bloomberg

    Huawei Warns of ‘Terrible Price’ If U.S.-China Tensions Escalate

    (Bloomberg) -- Huawei Technologies Co. warned the latest U.S. curbs on its business will inflict a “terrible price” on the global technology industry, inflaming tensions between Washington and Beijing while harming American interests.China’s largest technology company said it will be “significantly affected” by a Commerce Department decree barring any chipmaker using American equipment from supplying Huawei without U.S. government approval. That means companies like Taiwan Semiconductor Manufacturing Co. and its rivals will have to cut off the Chinese company unless they get waivers -- effectively severing Huawei’s access to cutting-edge silicon it needs for smartphones and networking gear.Washington’s decision drew condemnation from Beijing, which regards Huawei as a national champion because of its success in dominating global networking technology. China and Huawei have threatened retaliation but Rotating Chairman Guo Ping on Monday refrained from commenting on a possible Beijing response -- a departure from just two months ago when the company warned Washington risked opening a “pandora’s box” and Chinese countermeasures if it chose to go ahead with additional restrictions.“Our business will significantly be impacted,” Guo said at a company briefing with analysts in Shenzhen. “Given the changes in the industry over the past year, it dawned on us more clearly that fragmented standards and supply chains benefit no one. If further fragmentation were to take place, the whole industry would pay a terrible price,” he added.Huawei is still assessing the potential fallout of the latest restrictions and couldn’t predict the impact on revenue for now, Guo said. On Monday, a swathe of Huawei’s suppliers from TSMC to AAC Technologies Holdings Inc. plunged in Asian trading.Guo was far less vocal than colleague Richard Yu, who runs the consumer division responsible for smartphones. The outspoken executive said the restrictions that ostensibly aim to allay U.S. cybersecurity concerns are really designed to safeguard American dominance of global tech.“The so-called cybersecurity reasons are merely an excuse,” Yu, head of the Chinese tech giant’s consumer electronics unit, wrote in a post to his account on messaging app WeChat earlier on Monday. “The key is the threat to the technology hegemony of the U.S.” posed by Huawei, he added.Yu also posted a link to a Chinese article circulating on social media with part of its headline asking: “Why Does America Want to Kill Huawei?”The U.S. is leveraging its own technological strengths to crush companies outside its own borders, spokesman Joe Kelly told analysts, reading from a prepared statement. “This will only serve to undermine the trust international companies place in U.S. technology and supply chains,” Kelly said. “Ultimately, this will harm U.S. interests.”Read more: Global Chipmaking Kingpin Gets Dragged into U.S.-China Trade War(Updates with more details from the Huawei briefing with analysts)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Bull Of The Day: Taiwan Semiconductor Manufacturing Co. (TSM)
    Zacks

    Bull Of The Day: Taiwan Semiconductor Manufacturing Co. (TSM)

    Bull Of The Day: Taiwan Semiconductor Manufacturing Co. (TSM)

  • TSMC reportedly stops taking orders from Huawei after new U.S. export controls
    TechCrunch

    TSMC reportedly stops taking orders from Huawei after new U.S. export controls

    Taiwanese Semiconductor Manufacturing Co., the world’s largest contract semiconductor maker, has stopped taking new orders from Huawei Technologies, one of its largest customers, according to the Nikkei Asian Review. The report said the decision was made to comply with new United States export controls, announced last Friday, that are meant to make it more difficult for Huawei to obtain chips produced using U.S. technology, including manufacturing equipment. Huawei, the world’s largest telecom equipment maker, is TSMC’s second-biggest customer after Apple.

  • TSMC stops new Huawei orders after U.S. restrictions - Nikkei
    Reuters

    TSMC stops new Huawei orders after U.S. restrictions - Nikkei

    The orders which TSMC took before the new ban and those already in production are not impacted and could continue to proceed if those chips could be shipped before mid-September, according to the report. TSMC, the world's biggest contract chipmaker and a key Huawei supplier, had announced plans to build a U.S.-based plant on Thursday and on Friday added it was "following the U.S. export rule change closely". Huawei declined to comment, while TSMC said it does not disclose order details and added the report was "purely market rumour".

  • Reuters

    China semiconductor fab SMIC gets $2.2 bln investment from gov't funds amid global chip spat

    Shanghai-based chip maker Semiconductor Manufacturing International Corp has secured an investment worth $2.2 billion dollars from Chinese state investors, the company announced on Friday. The funding was revealed on the same day that the United States announced new restrictions on Chinese tech company Huawei Technologies that would further impact its ability to source chips made with American technology. According to SMIC's announcement, a number of vehicles under China's so-called "Big Fund," a government-backed money pool for funding domestic chip companies, will jointly make the investment in one of SMIC's plants.