Asia300

Taiwan Semiconductor Manufacturing Co., Ltd.

Taiwan

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Jun 22, 2017
Prev close: 218
Jun 22, 2017
Market cap:
Market cap(USD):
5,652.82B
185,795.39M
Shares: 25,930.38M

Currency in TWD

Company profile

Market(Ticker): TAI(2330)
Sector:
Industry:
Electronic Technology
Semiconductors
Full time employees: 46,968

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 2016

  • Local currency
  • US Dollar
Revenue 947,909.27M
Gross profit 456,509.03M
Operating income 377,902.88M
Income before tax 382,463.78M
Net income 334,247.18M
EBITDA 601,731.28M
Diluted EPS 12.89
Dividends per share 7
Total assets 1,886.45B
Total liabilities 496,404.17M
Total equity 1,389.24B
Operating cash flow 548,501.57M

Currency in TWD

Revenue 29,391.80M
Gross profit 14,154.96M
Operating income 11,717.62M
Income before tax 11,859.04M
Net income 10,363.99M
EBITDA 18,657.86M
Diluted EPS 0.39
Dividends per share 0.21
Total assets 58,532.85M
Total liabilities 15,402.40M
Total equity 43,105.53M
Operating cash flow 17,007.37M

Currency in USD

Valuation measures

Dec 2016

PER 14.08
ROA 18.86%
ROE 25.60%
Operating margin 39.86%
Profit margin 35.26%

Key executive

  • Co-General Manager & Director: Te Yin Liu
  • Co-General Manager & Director: Che Chia Wei
  • Head-Finance & Accounting, Senior Deputy GM: Li Mei Ho
  • Senior Vice President: Rick Cassidy
  • Deputy General Manager-Operations: Meng Chao Tzeng

Share holders

  • National Development Fund of The Executive Yuan(6.3%)
  • Capital Research & Management Co. (World Investors)(4.8%)
  • Capital Research & Management Co. (Global Investors)(2.2%)
  • The Vanguard Group, Inc.(2.2%)
  • BlackRock Fund Advisors(1.9%)
  • Norges Bank Investment Management(1.2%)
  • OppenheimerFunds, Inc.(1.0%)
  • APG Asset Management NV(0.8%)
  • Deutsche Asset Management Investment GmbH(0.7%)
  • Aberdeen Asset Managers Ltd.(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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