TSM - Taiwan Semiconductor Manufacturing Company Limited

NYSE - NYSE Delayed Price. Currency in USD
-2.96 (-5.94%)
At close: 4:02PM EDT
Stock chart is not supported by your current browser
Previous Close49.87
Bid0.00 x 1000
Ask0.00 x 900
Day's Range46.51 - 48.08
52 Week Range37.18 - 60.64
Avg. Volume9,797,361
Market Cap226.332B
Beta (5Y Monthly)0.61
PE Ratio (TTM)21.04
EPS (TTM)2.23
Earnings DateN/A
Forward Dividend & Yield2.85 (5.71%)
Ex-Dividend DateJun 17, 2020
1y Target Est60.73
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  • Moody's

    Taiwan Semiconductor Manufacturing Co Ltd -- Moody's announces completion of a periodic review of ratings of Taiwan Semiconductor Manufacturing Co Ltd

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Taiwan Semiconductor Manufacturing Co Ltd and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.

  • MarketWatch

    Nvidia stock gets an upgrade as analyst says medical use of GPUs could ramp due to COVID-19

    Needham analyst Rajvindra Gill upgraded Nvidia Corp.'s stock to buy from hold Tuesday, writing that the company's GPUs and artificial-intelligence capabilities will prove attractive during the COVID-19 outbreak. He expects increased usage of GPUs for medical applications going forward as GPUs can speed up the analysis of genomes "from days to less than one hour." He also predicts that companies will accelerate their adoption of artificial intelligence. Finally, he is upbeat about Nvidia's financial position. "During this uncertain time, superior balance sheets remain supreme," he wrote. "Nvidia has a net cash position of $8.9 billion ($10.9 billion of cash/investments minus $2.0 billion debt) or $14.34/share. Of the 21 companies in the SOX , the only company with a higher net cash position is TSMC ." Nvidia shares are up 10.5% in Tuesday trading, though they've dropped 14% over the past month. The S&P 500 has lost 27% in that span.

  • Bloomberg

    Shielded from Pandemic, Work Continues in World’s Cleanest Room

    (Bloomberg) -- A two-hour drive south of Amsterdam in Veldhoven, workers decked out head-to-toe in protective gear toil in vast assembly halls. Before entering the inner sanctuary of the facilities, they meticulously layer on masks, gloves and special socks. A single speck of dust or a hair can have devastating effects on production. The result of all this painstaking process is an environment that is 10,000 times more purified than outside.And as the coronavirus grips the world, it might just be the safest place to work right now.The teams belong to ASML Holding NV, which holds a de-facto monopoly on the industry of extreme ultraviolet lithography machines needed to make next-generation chips. Each cost about 150 million euros ($160 million) apiece and ship mainly to the U.S., Korea and Taiwan, where the likes of Intel Corp., Samsung Electronics Co. or Taiwan Semiconductor Manufacturing Co., known as TSMC, rely on them to make faster, cheaper and more energy efficient semiconductors.ASML manufacturing staff operate in an environment that is literally shielded from the coronavirus pandemic that has forced millions of workers around the world to isolate themselves from colleagues to slow the spread of the disease. As the rest of the Netherlands and much of the continent locks down, work in ASML’s Veldhoven clean-rooms has continued largely unhindered, potentially giving the company an edge for when corporate life returns to normal.“So far we have been able to keep our production going,” said Frits van Hout, ASML’s chief strategy officer, ASML. “The situation is of course dynamic. We encounter challenges as with every lockdown our suppliers will be affected, directly or indirectly.”Keeping DistanceLike other companies, ASML has also implemented a raft of contingency measures –from segmenting staff to drawing up plans if disaster strikes at a key supplier -- so it can keep manufacturing equipment for chip-makers around the world. Workers are split into two teams and are screened for virus symptoms via infrared thermal cameras at the entrance of the clean room in Veldhoven.Social distancing protocols are in effect, and the company has spaced out the morning and night shift to ensure the groups don’t meet, ASML said.Clean rooms are highly specialized infrastructure that’s costly to set up and maintain, making that kind of environment difficult to replicate in other industries. The biggest risk for the company lies not so much in its own operations seizing up but in a potential breakdown of its 5,000 suppliers, 790 of which provide materials and equipment that are used directly to produce the ASML systems.Besides its ultra-sanitized work environment, ASML has the benefit of making machines that are considered almost recession-proof, given its commanding lead in an industry on the cusp of another technological leap: high-speed 5G networks.On Track“Most customers want EUV and if ASML cannot deliver due to such a factor, then they know they have to wait until the next quarter because you cannot get it anywhere else,” said Marcel Achterberg, executive director of equity research at KBC Bank.The prized EUV machines are the size of a bus. Customers can order older equipment, but EUV delivers better resolution, smaller components and improved performance in the chips it produces.They’re a crucial source of revenue for ASML’s customers, too. By the end of next year, as much as half of TSMC’s revenue will depend at least partly on some EUV processes, according to Bloomberg Intelligence analyst Masahiro Wakasugi.Volume production of TSMC’s most cutting-edge 5-nanometer chips, which use EUV, is still “on track” for the first half of 2020 as previously stated by management, TSMC spokeswoman Nina Kao saidFor 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.

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  • Intel Stock Is Worth a Look When the Market Stabilizes

    Intel Stock Is Worth a Look When the Market Stabilizes

    Intel (NASDAQ:INTC) stock is going to make people a lot of money once the market stops falling.Source: canon_shooter / Shutterstock.com Since Feb. 19, shares have dropped from $67 to their March 12 price of below $50. This has taken the price-to-earnings ratio below 12, and the dividend yield to almost 2.5%. The company had free cash flow of almost $17 billion last year so it's selling at just 13 times that.It's hard to think of bargains when you can't look at your portfolio, but if there's some cash or equivalents there it's time to count it. When the Dow Jones stops dropping, the rebound is going to be swift. There is an enormous amount of money on the sidelines, and there was even before the coronavirus from China.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSome of that will go into Intel. Made Some MistakesIntel remains a flawed company that didn't get the full benefit of the tech sector's run-up. Under CEO Robert Swan it is being run out of the finance department. Its fabrication plants are now considered second-rate compared with those of Taiwan Semiconductor (NYSE:TSM). Even management admits that its 10 nanometer production will be less profitable than what it produced at 22 nm, because of competition. Hedge funds were dumping it even before the virus hit. * The 10 Best Stocks to Buy After The Market's Historic Sell-Off Despite this, Intel stock has gotten the full brunt of the downturn, with shares down by about one-quarter. The company known as "Chipzilla," co-creator of the integrated circuit with Texas Instruments (NYSE:TXN), is no longer considered best of breed.Intel's old chips are highly insecure. The latest bug, called LVI, was found by teams of university researchers and will require a complete redesign to fix. It impacts five years of production.Intel is finding it hard to crack the memory market, after breaking with Micron Technology (NASDAQ:MU) a few years ago. Intel may have to work closely with Micron to meet its own needs.After telling people to work from home and banning travel to China, Intel then found an employee tested positive for the coronavirus after visiting its Arizona plant. Green ShootsWhy, then, am I telling you to fit this dog into your portfolio?First, you don't need to have the best chips to sell into the cloud. You need the most chips, and the cheapest chips. Intel isn't going to lose its data center business.Second, Intel is about to take this bargain approach into other niches. It has announced a full range of networking silicon for 5G mobile networks. It thinks it can grow that part of the business from $5 billion per year to $25 billion in three years. Through Barefoot Networks, acquired for $7 billion last year, Intel is demonstrating switches that run data at 12.8 Terabytes/second. This will expand its reach in the data center market.Intel may be second-rate, but it does rate. It expects to have 7 nm chips in production next year, and still hopes to lead when the industry gets to 5 nm a few years later. The Bottom Line on Intel StockIntel doesn't have to be the innovation leader to make money in chips. In the cloud era it's how many competitive chips you make that determines how much money you make.Intel is one of only four companies making microprocessors. The others are Samsung Electronics (OTCMKTS:SSNLF), Taiwan Semiconductor and privately held Global Foundries. The capital constraints of Moore's Second Law, in which manufacturing costs rise with chip complexity, guarantee it a place in the future.Given that reality, and its financial strength, Intel's comeback after the virus is guaranteed.Dana Blankenhorn has been a financial journalist since 1978. His latest book is Technology's Big Bang: Yesterday, Today and Tomorrow with Moore's Law, essays on technology available at the Amazon Kindle store. Follow him on Twitter at @danablankenhorn. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Best Stocks to Buy After The Market's Historic Sell-Off * 9 Gold Stocks to Stave Off Coronavirus-Induced Volatility * 7 Stocks to Buy After International Women's Day The post Intel Stock Is Worth a Look When the Market Stabilizes appeared first on InvestorPlace.

  • Too Much Love for TSMC Proves Costly in Global Market Rout

    Too Much Love for TSMC Proves Costly in Global Market Rout

    (Bloomberg) -- Taiwan’s largest stock may be paying a price for being the darling of equity investors.Heading into 2020, analysts and strategists were falling over themselves to outline reasons Taiwan Semiconductor Manufacturing Co. would continue to outshine global peers. Its market value rose another $13 billion in the opening two weeks of the year, with shares continuing to set record highs. Now, investors are sitting on an 8.8% loss for 2020 after TSMC notched its lowest close in four months Wednesday.As TSMC shares are Taiwan’s biggest beneficiary of international cash, they’re also at the front of the line when foreigners pull back. As risk assets globally have slid to start 2020 due to the coronavirus outbreak, foreigners have sold more than $8 billion of Taiwan stocks, second most in Asian markets, according to data compiled by Bloomberg. Net foreign selling on Monday was $1.8 billion, according to exchange data, the most since 2007.TSMC’s 2020 stock drop, in line with the Taiex index, has occurred even as company revenue grew strongly after a weak start to 2019. Combined sales for January and February were a record NT$197.1 billion ($6.6 billion), 42% higher than a year earlier. Analysts see TSMC remaining on track to meet the better-than-expected revenue forecast given in January.This quarter is too soon to see material virus-related impacts for the likes of TSMC because of the time it takes to make wafers, said Citigroup Inc., which predicts record March revenue of above NT$110 billion. It added that even if the company sees some second-quarter order cancellations, the spots could be immediately filled by excess orders TSMC has. That makes the firm “the most resilient of its peers.”But Citigroup, as well as Daiwa Capital Markets, does say that TSMC will feel some pressure if the virus outbreak continues well into 2020. For now, though, Daiwa suggests investors “accumulate the stock on any weakness.”(Updates market levels in second and fourth paragraphs.)To contact the reporter on this story: Cindy Wang in Taipei at hwang61@bloomberg.netTo contact the editors responsible for this story: Sofia Horta e Costa at shortaecosta@bloomberg.net, Kevin Kingsbury, David WatkinsFor 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.

  • The Zacks Analyst Blog Highlights: Advanced Micro Devices, Intel, Taiwan Semiconductor, Smith Micro Software and The Rubicon Project

    The Zacks Analyst Blog Highlights: Advanced Micro Devices, Intel, Taiwan Semiconductor, Smith Micro Software and The Rubicon Project

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  • 7 Tech Stocks to Buy on the Coronavirus Dip

    7 Tech Stocks to Buy on the Coronavirus Dip

    The market drops 4% one day. The next day it rallies 4%. Then it sells off again. And then back up.Good news can be bad news -- and vice versa.It's all a bit confusing right now. And on top of it all, it's hard to pull out what is related to the coronavirus from China and what is just stocks finally going through a correction. Or both.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut instead of trying to figure out heads and tails in all this, just stick to good stocks that may sell off a bit. Those lowered prices will help during their inevitable rise.And the tech sector is one of the best places to look for these triumphs.Whether it's 5G, the Space Race or new equipment, there are some trends that will continue in good and bad times. * 9 Stocks to Buy If People Get Stuck at Home These seven tech stocks to buy on coronavirus dips are the perfect examples. Tech Stocks to Buy: Esco Technologies (ESE)Source: Shutterstock Esco Technologies (NYSE:ESE) is one of those companies that has built a a formidable business that few people outside the industries it works in would know about.It manufactures and sells highly engineered products for the aerospace, defense and utility sectors. These are industries that have very specific needs and demand high quality, reliable equipment at every phase of their operations.When you become a key supplier over three decades, you have become part of an elite club. And that's very good for shareholders because these aren't the types of products that you look to save money on through a cheaper supplier. Equipment failure can be catastrophic and very expensive.Buying from a company with a long record of dependability is worth paying a premium price.And regardless of U.S. productivity in the short term, these industries are here for the long haul, and expanding.ESE stock is up 29% in the past 12 months and will be a steady grower for years to come. Itron (ITRI)Source: Casimiro PT / Shutterstock.com Itron (NASDAQ:ITRI) is another business that specializes in working with companies that are crucial to the U.S. infrastructure.In Itron's case, it offers smart networks, software, meters and sensors to electric and water utilities to help them better manage their resources. It has been helping companies and cities around the world since 1977.One of the best examples of what it does is its work in Paris, France. The City of Lights had a goal to cut its energy use by 30% over 10 years. It chose ITRI to help by looking at its complex system to see if it could find efficiencies and smart solutions to manage its 200,000 street and traffic lights.It also helps these utilities recover quickly and safely after major power outages or similar catastrophic events. * 8 Stocks to Buy in March for a Coronavirus Rebound The stock is up 45% in the past year. And while some of that growth has been a flight to safety, it has a strong track record of reliable growth. That's what potentially makes a stock a great buy in my Growth Investor strategy. Aerojet Rocketdyne (AJRD)Source: Piotr Swat / Shutterstock.com Aerojet Rocketdyne (NYSE:AJRD) has been around since 1915. It's one of the oldest aerospace companies in the U.S.Granted, it started as the General Tire & Rubber Company in Akron, Ohio. But over the years it was involved in radio, television studios, hotels and even an airline company.But by 1945, it started working with the U.S. Department of Defense on rockets. And since then, the company has been a leading supplier of aerospace technology to the Pentagon.Given the new Space Race that is underway, not only among nations but also private aerospace companies, AJRD is seeing a resurgence of interest from all these parties, especially in the U.S.Remember the U.S. is beginning to ramp up its Space Force, which will continue to grow and demand a great deal from its most reliable contractors.The stock is up more than 42% in the past year but only trades at a current price-earnings ratio of 30, which means it's not even trading at a significant premium. Qualcomm (QCOM)Source: nikkimeel / Shutterstock.com Qualcomm (NASDAQ:QCOM) is one of the world's top chip makers for mobile devices and one of the world's leading telecom equipment makers.It is so powerful that it has come up against monopoly issues and licensing fights with governments around the globe in the past five years.But those days are behind the stock. And demands for 5G upgrades are rising around the world.While there might be some issues with how countries are dealing with integrating Huawei's 5G systems into their telecom infrastructure, the fact is, QCOM is system agnostic. Its products work with all the major 5G telecom network infrastructures. And the buildout surrounding that technological breakthrough is a source of extremely compelling stock buys now.Certainly, there's an increase in competition these days for QCOM, but it has shown that it can survive competition and adversity with equal aplomb -- and expanding earnings.The stock is up 44% in the past 12 months, sports a mere 22 P/E and delivers a reliable inflation-trouncing 3% dividend. Taiwan Semiconductor Manufacturing (TSM)Source: Sundry Photography / Shutterstock.com Taiwan Semiconductor Manufacturing (NYSE: TSM) is one of the leading chipmakers in the world. And its location in Taiwan has certainly been a blessing to many U.S. tech firms during the trade war.But those days aren't over yet. You see, while TSM is the top chipmaker for Apple (NASDAQ:AAPL), it's also becoming a major chipmaker for China's Huawei, the largest telecom in the world.The U.S. government isn't happy about Huawei's growth and expansion, especially in 5G, where the Chinese telecom is closer to market than its U.S. competitors.The U.S. has threatened to limit the use of U.S. equipment to produce semiconductors for Huawei. Obviously, this would be a big deal for TSM.However, most people don't see this happening in an election year since this is a $96 billion industry and there would serious repercussion in the U.S. economy.The stock is up 38% in the past year and is still a major player in numerous tech trends that will be relevant in the next decade. KLA (KLAC)Source: Valeriya Zankovych / Shutterstock.com KLA (NASDAQ:KLAC) is all about process control and yield management. Of semiconductors.It's one of those companies that is a major player in the chip industry that no one ever hears about, except people in the chip industry or that cover the chip industry.But the point is, it is a major player, with offices and plants around the world.As 5G begins to roll out, so will new devices that are capable of processing the signals so they can reap the benefits of 5G's massive boost in bandwidth. And as these new generations of chips begin to roll out, so will KLAC's job of making sure they're built well.These types of companies can rise and fall with more forward-facing chip companies, but this business is necessary to any tech growth.KLAC is trading at a P/E of 24 and sharing a nearly 2.2% dividend. And that's after gaining 34% in the past 12 months. TransDigm (TDG)Source: Pavel Kapysh / Shutterstock.com TransDigm (NYSE:TDG) is a producer, designer and supplier of highly engineered aerospace equipment, systems and subsystems for commercial and military customers.It has a number of brands underneath the umbrella that provide core systems. These systems get and keep most of the aerospace industry's products in the air.Given the upgrades and new projects on the military side and the growth in travel around the world, TDG is in very good position for solid long-term growth.Most of its offices are in the U.S., Europe and Asia -- the markets that are the biggest in potential for both traffic and clients.The stock is up 19% in the past 12 months and is seeing investors moving toward safety piling in.But, in the big picture, there are companies out there that offer not just safety, but a better world. Grab Your Slice of the 5G ProfitsWithin two years, most cell phones will be 5G enabled and be able to wirelessly handle television streaming. That's a big deal for rural areas without broadband. And because 5G is 100 times faster than 4G, it'll allow your internet devices to work in real time. This advancement is a game changer for tech companies.Now, as amazing as 5G promises to be, it doesn't get us anywhere without the right infrastructure in place. You can never stream Netflix (NASDAQ:NFLX) using your smartphone plan (at any speed!) unless there's a cell tower nearby.With the 5G infrastructure market set to grow at an annual rate of 67% over the next 10 years, the entire market will go from $780 million to nearly $48 billion. This buildout is where I see opportunity now.Cable companies can do their best to fight back with fiber optics … but their services aren't even available in some areas. And anyway, they can't compete with the convenience of a smartphone, once it's got ultra-fast 5G. That's how my 5G infrastructure play will capture more market share from the broadband cable companies.The stock I'm targeting is enjoying an influx of big money on Wall Street, and it has strong fundamentals, too -- making it an A-rated "strong buy" in my Portfolio Grader system.Click here to watch my new, free briefing on 5G and how to capitalize on this extraordinary opportunity.When you do, you'll see how to claim a free copy of my new investment report, The Netflix of 5G, which has full details on this company -- and what makes it such a great buy now.Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system -- with returns rivaling even Warren Buffett. In one recent feat, Louis discovered the "Master Key" to profiting from the biggest tech revolution of this (or any) generation. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Stocks to Buy If People Get Stuck at Home * 7 Strong Value Stocks to Buy for 2020 * 5 High-Yield Dividend Stocks With Great Buyback Programs The post 7 Tech Stocks to Buy on the Coronavirus Dip appeared first on InvestorPlace.

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  • Huawei Makes End-Run Around U.S. Ban by Using Its Own Chips

    Huawei Makes End-Run Around U.S. Ban by Using Its Own Chips

    (Bloomberg) -- Huawei Technologies Co., the Chinese technology giant barred from doing business with U.S. suppliers, is finding a way around the strict limits imposed by the Trump administration.The Commerce Department, citing national security concerns, has largely forbidden American companies from selling Huawei the computer chips it needs to make a piece of equipment integral to newly introduced high-speed wireless networks. In response, China’s largest technology company ramped up its own capabilities to manufacture the gear, which is known as a base station.In a sign that the self-reliance is working, Huawei in the fourth quarter sold more than 50,000 of these next-generation base stations that were free of U.S. technology, according to Tim Danks, the U.S.-based Huawei executive responsible for partner relations. That’s only about 8% of the total base stations that Huawei’s sold as of February, but the company is quickly ramping up at its secretive HiSilicon division to make more of these American component-free devices, Danks said.“It’s still our intention to return to using U.S. technology,” he said. The longer Huawei goes without access to U.S. suppliers, the more unlikely it is to be able to return to using them, Danks added.A base station is a typically suitcase-sized piece of machinery that’s used to help connect wireless phones to fixed-line networks carrying internet traffic, and it’s an essential ingredient in the next, or fifth, generation of mobile networks. Popular among telecommunications providers, Huawei’s base stations are widely considered among the most reliable for the price.Read about how Trump’s blacklisting of Huawei is failing to halt its growth.U.S. officials accuse Huawei of stealing valuable intellectual property and violating a trade embargo with Iran. The Trump administration blacklisted the company last year, saying there’s a risk Huawei could give Beijing access to sensitive data coursing through telecommunications networks that employ its gear. Huawei has denied the allegations. Critics also said the U.S. government imposed the sanctions to hobble China’s leadership in key aspects of 5G technology.As of early February, Huawei had shipped about 600,000 5G base stations to mobile phone companies racing to upgrade networks to the new standard, which is designed to deliver data at faster speeds to a broad range of wirelessly connected devices -- not just mobile handsets. Most of these base stations were made using stockpiled chips bought before the ban.While Huawei doesn’t disclose its suppliers, base stations typically rely on a kind of processor called a field programmable gate array that’s made by Intel Corp., a chipmaking colossus based in Santa Clara, California, and Xilinx Inc., in neighboring San Jose. Those chips provide flexibility that makes it easier to update machines as new standards and features are added. Huawei’s chips are application-specific, meaning they’re tailored to particular functions and it takes more time and money to replace them. That’s a disadvantage at a time when new technology, such as 5G, is in its infancy and still subject to big changes.Read more: Huawei Engineers Go to 24-Hour Days to Beat Trump BlacklistThe U.S. initially clamped down on all shipments of U.S. supplies to Huawei, which had spent more than $10 billion a year on U.S. products, but later began making some exceptions. Xilinx and fellow chipmakers Micron Technology Inc. and Broadcom Inc. have all reported falling earnings on reduced or eliminated sales to Huawei.Attempts by the U.S. to persuade European and other allied countries to ban Huawei equipment have fallen short, and chipmakers in Asia and Europe continue to supply it.For their part, American chipmakers have argued that banning the supply of parts that Huawei can get elsewhere is counterproductive, saying that the lost revenue crimps research and development budgets and the ability to produce the best chips in the future. Huawei’s HiSilicon chip unit designs semiconductors and has them manufactured by industry-leading plants owned by Taiwan Semiconductor Manufacturing Co. But Washington is even now said to be looking into ways to curb the world’s largest contract chipmaker on grounds of national security, and deprive Huawei of its largest semiconductor manufacturing partner.The Chinese company led the market for base stations with a 28% share last year, according to New Street Research. The investment company predicts demand for that equipment will rise this year with the 5G network buildout. Nokia Oyj and Ericsson AB are its two largest competitors in this market.How Huawei Landed at the Center of Global Tech Tussle: QuickTake(Updates with details of TSMC’s role in the 11th paragraph)\--With assistance from Gao Yuan.To contact the reporter on this story: Ian King in San Francisco at ianking@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Tom Giles, Edwin ChanFor 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.

  • Corvallis semiconductor startup snags $31M from industry heavyweights
    American City Business Journals

    Corvallis semiconductor startup snags $31M from industry heavyweights

    The funding from a slew of large industry players shows the importance of the firm's materials technology.

  • The Zacks Analyst Blog Highlights: Nvidia, AMD, TSMC and Intel

    The Zacks Analyst Blog Highlights: Nvidia, AMD, TSMC and Intel

    The Zacks Analyst Blog Highlights: Nvidia, AMD, TSMC and Intel

  • Barrons.com

    Taiwan Semi Stock Drops as U.S. Reportedly Considers New Huawei Chip Restrictions

    The U.S. is considering restrictions that could limit the use of American chip-making equipment to produce semiconductors for China’s Huawei Technologies, according to a report in The Wall Street Journal.

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  • GLOBAL MARKETS-Apple virus warning shakes stocks, euro near three-year low

    GLOBAL MARKETS-Apple virus warning shakes stocks, euro near three-year low

    World stocks markets were knocked off record highs on Tuesday as two of the world’s mega companies and Europe's largest economy, Germany, reported damage from the coronavirus outbreak. Apple’s stock fell almost 6% in Frankfurt at one stage and Wall Street looked set for a rocky ride later after the iPhone maker warned it was unlikely to meet the March quarter sales guidance that it had set just three weeks ago. China sensitive stocks led the falls but the mood had been darkened further by a far-worse-than-feared German investor sentiment survey pointing to a deepening manufacturing recession there.

  • US Considers Blocking Huawei From Working With US Companies

    US Considers Blocking Huawei From Working With US Companies

    High-level meetings, set to be held this week or the following one, will discuss measures aimed at curbing the export of American chips and chip technology to Huawei and other Chinese companies. Global manufacturers of semiconductors will have to obtain required licenses if they want to use American technology to make chips for Huawei.

  • Dow Jones Futures: Apple Warns On Coronavirus, Walmart Earnings Miss
    Investor's Business Daily

    Dow Jones Futures: Apple Warns On Coronavirus, Walmart Earnings Miss

    Futures fell as Apple warned on sales, citing the coronavirus impact on iPhone output and demand. Walmart earnings missed. InMode earnings are due.

  • Exclusive: Samsung wins 5-nanometer modem chip contract from Qualcomm - sources

    Exclusive: Samsung wins 5-nanometer modem chip contract from Qualcomm - sources

    SAN FRANCISCO/SEOUL (Reuters) - Samsung Electronics Co Ltd's semiconductor manufacturing division has won a contract to make new Qualcomm Inc 5G chips using its most advanced chip-making technology, two sources familiar with the matter said, boosting the Korean firm's efforts to gain market share against rival Taiwan Semiconductor Manufacturing Co. Samsung will fabricate at least some of Qualcomm's X60 modem chips, which will connect devices such as smart phones to 5G wireless data networks. The X60 will be made on Samsung's 5-nanometer process, the sources said, which makes the chips smaller and more power-efficient than previous generations.

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  • Bloomberg

    Qualcomm Adds Another New Chip Aimed at Pushing 5G Adoption

    (Bloomberg) -- Qualcomm Inc. announced its third new chip for 5G smartphones that the company said will help cellular service providers and deliver another improvement in mobile phone performance.The X60 is the chipmaker’s latest modem for the fifth-generation networks that debuted only last year and will become the mainstream service this year. The company said phones based on the new chip will go on sale in 2021. A modem is a type of chip that turns radio signals into voice and data.The part will allow a step forward in what’s called carrier aggregation, according to San Diego-based Qualcomm. That means phones will use a combination of the new higher frequencies that make up 5G and the airwaves relied on by older networks. Data will be sent to and from phones much quicker than using one narrower piece of spectrum.Phone companies, which typically own the rights to use scattered batches of airwaves, will be able to get more efficiency out of their expensive assets. That should help persuade the carriers, who are key in the rollout of 5G, that it’s in their interests to speed up introduction of the new service, according to Qualcomm.Qualcomm’s chip revenue has reflected the surge and the maturing of the smartphone industry. The company’s semiconductor sales peaked in fiscal year 2014 at more than $18.6 billion. In the last few years as consumers have held onto their phones longer, revenue has declined to $14.6 billion.The chip will also be the first to be made with 5-nanometer technology, the most advanced production technique in the semiconductor industry. Qualcomm outsources its manufacturing to companies such as Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co.Qualcomm was among the biggest beneficiaries of the shifts to previous generations of mobile phone technology, when its chips became the market leader. In the decade since 4G began, smartphone sales have slowed given incremental improvements in form and function. That has hurt Qualcomm’s growth as the company is facing more competition, including from customers such as Samsung and Huawei Technologies Co.To contact the reporter on this story: Ian King in San Francisco at ianking@bloomberg.netTo contact the editors responsible for this story: Alistair Barr at abarr18@bloomberg.net, Andrew Pollack, Dan ReichlFor 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.

  • Reuters

    New Qualcomm chips aim to connect phones to disparate 5G networks

    Qualcomm Inc on Tuesday introduced new chips designed to connect mobile phones to 5G networks that operate differently around the world. Qualcomm is the world's biggest supplier of mobile phone chips. The San Diego, California-based company said its new X60 modem chip, along with a new antenna chip, will be the first to aggregate signals sent over the disparate frequencies used in the two variants of 5G networks, a feature the company said will help boost download speeds.

  • Reuters

    GLOBAL MARKETS-Apple hits stocks, euro near three-year low

    Apple’s stock fell almost 6% in Frankfurt and all Europe's main markets fell after the iPhone maker warned it was unlikely to meet the March quarter sales guidance it had set just three weeks ago. It also warned about the impact of the coronavirus on its Asia business. The warning from Apple sobered investors who had hoped stimulus from China and other countries would protect the global economy from the effects of the epidemic.

  • Reuters

    Hong Kong shares slip as Apple's warning weighs on sentiment

    SHANGHAI/SINGAPORE, Feb 18 (Reuters) - Hong Kong stocks fell on Tuesday as Apple Inc's revenue warning due to slow production and weaker demand in virus-hit China took a toll on technology stocks. ** At the close of trade, the Hang Seng index was down 429.40 points, or 1.5%, at 27,530.20. The Hang Seng China Enterprises index fell 1.4% to 10,805.15.

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    Best Results on Samsung S10

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  • Reuters

    Topix sinks to near 4-month low as Apple warning hurts tech shares

    Japanese shares fell on Tuesday, with the broad Topix index finishing at its weakest in nearly four months, as investors sold tech firms after Apple Inc warned it will likely miss quarterly revenue targets due to the coronavirus outbreak. The benchmark Nikkei average fell 1.4% to a two-week low of 23,193.80, while the Topix index dropped 1.3% to 1,665.71, its lowest close since late October. All but one of the 33 sector sub-indexes on the Tokyo Stock Exchange were trading lower, with electric machinery, metal products and machinery, becoming the worst three performers.

  • Reuters

    GLOBAL MARKETS-Stocks under pressure as Apple sounds warning on coronavirus

    Asian shares fell and Wall Street was poised to retreat from record highs on Tuesday after Apple Inc said it would miss its March quarter revenue guidance as the coronavirus slowed production and weakened demand in China. The warning from the most valuable U.S. company sobered investor optimism that stimulus from China and other countries would protect the global economy from the effects of the epidemic. European stocks were expected to follow suit, with major European stock futures trading 0.5-0.6% lower.

  • Apple's Virus Cut Puts All Eyes on Tech Bellwether

    Apple's Virus Cut Puts All Eyes on Tech Bellwether

    (Bloomberg Opinion) -- Apple Inc. has thrown out its March-quarter revenue guidance three weeks after providing it.Despite factoring in possible downside from the China coronavirus outbreak in its original forecast, the iPhone maker realized that things have deteriorated much more than it had anticipated. It gave no new figure and merely said the old one no longer applies, an admission that the company really can’t quantify the impact.While we should expect similar downbeat tones through the rest of the sector, this really means we should keep tabs on the one company that sits at the heart of the global technology supply chain: Taiwan Semiconductor Manufacturing Co.Apple is TSMC’s largest customer. When the chipmaker gave its own first-quarter and full-year forecasts Jan. 16, the world had barely heard of the disease now riveting its attention.Since then, Apple has shut stores in China and downstream assemblers like Hon Hai Precision Industry Co. have struggled to ramp up production after the Lunar New Year break amid continuing quarantines and a shortage of workers willing to return to the factory floor.Nvidia Corp., which designs graphics chips, is another major client of TSMC. On Feb. 13, it said the virus had cut its forecast by $100 million. That’s only around 3% of expected revenue for the quarter, but it all eventually adds up. Alibaba Group Holding Ltd., not a direct customer, forecast a decline in revenue from its core businesses as consumers on its e-commerce platform shy away from spending. At least some of those lost sales will be electronics products, which use chips made by TSMC.Chinese companies, including Huawei Technologies Co., accounted for 20% of TSMC’s revenue last year. With numerous enterprises in China on lockdown, adding to the squeeze on both demand and production, it’s unlikely such clients will be able to escape the impact.And last week, wireless industry association GSMA scrapped its annual Mobile World Congress scheduled for Feb. 24 in Barcelona because most of its major participants had already pulled out. This isn’t a consumer event, but the cancellation shows the breadth and reach of the outbreak’s impact on business. Whichever way you look at it, the global tech slowdown leads back to TSMC. Revising guidance mid-quarter isn’t without precedent, and TSMC usually does with a statement filed mid-afternoon Taipei time. It did so a year ago this week, cutting its sales and profit outlook after facing troubles with chemicals used in the manufacturing process. The result was a 10% reduction in operating profit. Just a few months before that, a production hiccup caused by a computer virus in its equipment hurt gross profit by around 5%. An earthquake four years ago sliced operating income by about 7%. The biggest mid-quarter guidance cut I could find is the 25% hit to operating profit that it took in December 2008 as the financial crisis brought the world economy to a halt.To be sure, it’s not certain that a cut will be necessary this time. Clients may decide that they want to keep building up inventory of the chips that come out of TSMC’s factories. But at some point, end-demand may dictate a more cautious approach to procurement. This epidemic is proving hard to quantify, so TSMC’s biggest challenge may not be whether to revise guidance, but what new number to give. To contact the author of this story: Tim Culpan at tculpan1@bloomberg.netTo contact the editor responsible for this story: Patrick McDowell at pmcdowell10@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Tim Culpan is a Bloomberg Opinion columnist covering technology. He previously covered technology for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters

    Nikkei falls to two-week low as Apple warning hurts technology stocks

    Japanese stocks fell to two-week low on Tuesday, dragged down by tech companies after Apple Inc warned it was unlikely to meet its sales target for the March quarter as the coronavirus outbreak hurt production and demand in China. All but one of the 33 sector sub-indexes on the Tokyo Stock Exchange were trading lower, with precision machinery , metal products and electric machinery being the worst three performers. Apple told investors late on Monday that its manufacturing facilities in China that produce iPhone and other electronics have begun to re-open, but are ramping up slower than expected.