Electronic Technology
Taiwan Semiconductor Manufacturing Co., Ltd.
In the news
- Taiwan's economy feels heat as TSMC feeds global chip boom Feb 9, 2021
- Samsung expands Texas chip plant in investment race with TSMC Dec 19, 2020
- TSMC and MediaTek fuel rebound by Taiwan's tech sector Aug 22, 2020
- China hires over 100 TSMC engineers in push for chip leadership Aug 12, 2020
- Huawei's mobile ambitions at risk as US calls for app boycott Aug 7, 2020 See more articles on Taiwan Semiconductor Manufacturing Co., Ltd.
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.
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, and 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.
Financial Highlights
| Dec 2021 | TWD | USD |
| Revenue | 1,587.41B | 56,831.67M |
| Gross Profit | 788,820.56M | 28,240.88M |
| Operating income | 650,166.76M | 23,276.88M |
| Income before tax | 657,523.23M | 23,540.25M |
| Net income | 596,540.01M | 21,356.96M |
| EBITDA | 1,072.56B | 38,399.20M |
| Diluted EPS | 23.00 | 0.82 |
| Dividends Per Share | 11 | 0.39 |
| Total Assets | 3,725.50B | 134,655.13M |
| Total liabilities | 1,554.77B | 56,195.84M |
| Total equity | 2,168.28B | 78,370.86M |
| Operating cash flow | 1,116.81B | 39,983.60M |
| Currency in TWD | Currency in USD |
Historical Data
| Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | |
| Revenue | 977,442.68M | 1,031.36B | 1,069.98B | 1,339.23B | 1,587.41B |
| Gross Profit | 472,804.41M | 472,206.17M | 465,418.52M | 683,554.56M | 788,820.56M |
| Operating income | 386,860.22M | 385,724.97M | 373,173.14M | 566,037.89M | 650,166.76M |
| Income before tax | 393,147.08M | 394,452.48M | 387,001.11M | 581,184.36M | 657,523.23M |
| Net income | 343,111.47M | 351,130.88M | 345,263.66M | 517,885.38M | 596,540.01M |
| EBITDA | 647,002.92M | 678,271.27M | 660,057.38M | 897,762.58M | 1,072.56B |
| Diluted EPS | 13.23 | 13.54 | 13.31 | 19.97 | 23.00 |
| Dividends Per Share | 8 | 8 | 9.50 | 10 | 11 |
| Total Assets | 1,991.86B | 2,090.12B | 2,264.80B | 2,760.71B | 3,725.50B |
| Total liabilities | 469,102M | 412,631.64M | 642,709.60M | 910,089.40M | 1,554.77B |
| Total equity | 1,522.05B | 1,676.81B | 1,621.41B | 1,849.65B | 2,168.28B |
| Operating cash flow | 595,753.07M | 588,802.63M | 630,455.78M | 834,147.35M | 1,116.81B |
| Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | |
| Revenue | 32,128.71M | 34,202.62M | 34,613.23M | 45,483.45M | 56,831.67M |
| Gross Profit | 15,541.16M | 15,659.57M | 15,055.89M | 23,215.00M | 28,240.88M |
| Operating income | 12,716.16M | 12,791.63M | 12,071.83M | 19,223.88M | 23,276.88M |
| Income before tax | 12,922.81M | 13,081.06M | 12,519.15M | 19,738.28M | 23,540.25M |
| Net income | 11,278.13M | 11,644.40M | 11,168.98M | 17,588.51M | 21,356.96M |
| EBITDA | 21,267.10M | 22,493.22M | 21,352.29M | 30,489.97M | 38,399.20M |
| Diluted EPS | 0.43 | 0.44 | 0.43 | 0.67 | 0.82 |
| Dividends Per Share | 0.26 | 0.26 | 0.30 | 0.33 | 0.39 |
| Total Assets | 66,934.21M | 68,000.39M | 75,551.42M | 98,252.94M | 134,655.13M |
| Total liabilities | 15,763.63M | 13,424.59M | 21,440.09M | 32,389.82M | 56,195.84M |
| Total equity | 51,146.98M | 54,553.72M | 54,088.47M | 65,828.78M | 78,370.86M |
| Operating cash flow | 19,582.51M | 19,526.21M | 20,394.71M | 28,329.46M | 39,983.60M |
Valuation Measures
| Dec 2021 | |
| PER | 26.73 |
| ROA | 18.39% |
| ROE | 29.69% |
| Operating margin | 40.95% |
| Profit margin | 37.57% |
Key executives
- Vice Chairman & Chief Executive Officer: Che Chia Wei
- Vice Chairman & President: Fan Cheng Tseng
- Senior Vice President-Operations: Y. P. Chin
- Chief Financial Officer & Vice President: Wendell Huang
- SVP-Information Technology & Materials Management: J. K. Lin
Shareholders
- National Development Fund of The Executive Yuan (6.3%)
- The Vanguard Group, Inc. (2.6%)
- GIC Pte Ltd. (Investment Management) (2.5%)
- Capital Research & Management Co. (World Investors) (1.9%)
- BlackRock Fund Advisors (1.7%)
- Norges Bank Investment Management (1.4%)
- Labor Pension Fund Supervisory Committee (1.0%)
- Fidelity Management & Research Co. LLC (1.0%)
- Yuanta Securities Investment Trust Co., Ltd. (1.0%)
- Capital Research & Management Co. (Global Investors) (1.0%)
Contact Details
- Website:http://www.tsmc.com
- Address: Hsinchu Science Park, No. 8 Li-Hsin 6th Road, Hsinchu, 300 96, Taiwan
- Phone: +886.3.563.6688
Related Companies
- TSMC Arizona Corp.
- TSMC Korea Ltd.
- TSMC Design Technology Japan, Inc.
- TMSC Global Ltd.
- TSMC Nanjing Co., Ltd.
- Taiwan Omnivision Investment Holding Co. Ltd.
- VisEra Holding Cayman Ltd.
- Taiwan Semiconductor Manufacturing Co. Ltd. /LED Ops/
- TSMC Guang Neng Investment Ltd.
- Tsmc Solar Ltd.
- Tai Chi Solar Energy Co. Ltd.
- TSMC Global Ltd.
- Tsmc Design Technology Canada, Inc.
- TSMC (China) Co., Ltd.
- Taiwan Semiconductor Manufacturing North America Co. Ltd.
- VisEra Technologies Co., Ltd.
- TSMC Europe BV
- Applied Materials Asia Pacific /Mechanical Equipment Ops/
- NuFlare Technology, Inc. /Mechanical Equipment Ops./
- ASML Hong Kong Ltd. /Mechanical Equipment Ops/
- Global Chip Corp.
- TSMC International Investment Co. Ltd.
- TSMC Japan Ltd.
- Taiwan Semiconductor Manufacturing Co. Europe BV
- TSMC North America , Inc.
- TSMC Partners Ltd.
- Kung Cherng Investment Co. Ltd.
- Chi-Hsin Investment Co. Ltd.
- Po Cherng Investment Co., Ltd.
- Hsin Ruey Investment Co. Ltd.
Competitors
- United Microelectronics Corp.
- Tower Semiconductor Ltd
- ASE Technology Holding Co., Ltd.
- Samsung Electronics Co., Ltd.
- Vanguard International Semiconductor Corp
- SkyWater Technology Inc
- Amkor Technology, Inc.
- GlobalFoundries Inc.
- Sai MicroElectronics Inc. Class A
- Hana Micron Inc.
- Episil Technologies Inc.
- Intel Corporation
- China Wire & Cable Co., Ltd.
- LAT CO., LTD.
- Leaguer (Shenzhen) Microelectronics Corp. Class A
- Mospec Semiconductor Corp.
- Sanan Optoelectronics Co., Ltd. Class A
- Spirox Corporation
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