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; 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 2020	TWD	USD
Revenue	1,339.23B	45,483.45M
Gross Profit	683,554.56M	23,215.00M
Operating income	566,037.89M	19,223.88M
Income before tax	581,184.36M	19,738.28M
Net income	517,885.38M	17,588.51M
EBITDA	897,762.58M	30,489.97M
Diluted EPS	19.97	0.67
Dividends Per Share	10	0.33
Total Assets	2,760.71B	98,252.94M
Total liabilities	910,089.40M	32,389.82M
Total equity	1,849.65B	65,828.78M
Operating cash flow	834,147.35M	28,329.46M
	Currency in TWD	Currency in USD

Historical Data

TWD | USD

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020
Revenue	947,909.27M	977,442.68M	1,031.36B	1,069.98B	1,339.23B
Gross Profit	456,509.03M	472,804.41M	472,206.17M	465,418.52M	683,554.56M
Operating income	377,902.88M	386,860.22M	385,724.97M	373,173.14M	566,037.89M
Income before tax	382,463.78M	393,147.08M	394,452.48M	387,001.11M	581,184.36M
Net income	334,247.18M	343,111.47M	351,130.88M	345,263.66M	517,885.38M
EBITDA	601,731.28M	647,002.92M	678,271.27M	660,057.38M	897,762.58M
Diluted EPS	12.89	13.23	13.54	13.31	19.97
Dividends Per Share	7	8	8	9.50	10
Total Assets	1,886.45B	1,991.86B	2,090.12B	2,264.80B	2,760.71B
Total liabilities	496,404.17M	469,102M	412,631.64M	642,709.60M	910,089.40M
Total equity	1,389.24B	1,522.05B	1,676.81B	1,621.41B	1,849.65B
Operating cash flow	548,501.57M	595,753.07M	588,802.63M	630,455.78M	834,147.35M

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020
Revenue	29,391.80M	32,128.71M	34,202.62M	34,613.23M	45,483.45M
Gross Profit	14,154.96M	15,541.16M	15,659.57M	15,055.89M	23,215.00M
Operating income	11,717.62M	12,716.16M	12,791.63M	12,071.83M	19,223.88M
Income before tax	11,859.04M	12,922.81M	13,081.06M	12,519.15M	19,738.28M
Net income	10,363.99M	11,278.13M	11,644.40M	11,168.98M	17,588.51M
EBITDA	18,657.86M	21,267.10M	22,493.22M	21,352.29M	30,489.97M
Diluted EPS	0.39	0.43	0.44	0.43	0.67
Dividends Per Share	0.21	0.26	0.26	0.30	0.33
Total Assets	58,532.85M	66,934.21M	68,000.39M	75,551.42M	98,252.94M
Total liabilities	15,402.40M	15,763.63M	13,424.59M	21,440.09M	32,389.82M
Total equity	43,105.53M	51,146.98M	54,553.72M	54,088.47M	65,828.78M
Operating cash flow	17,007.37M	19,582.51M	19,526.21M	20,394.71M	28,329.46M

Valuation Measures

Dec 2020
PER	26.53
ROA	20.61%
ROE	29.84%
Operating margin	42.26%
Profit margin	38.67%

Key executives

Vice Chairman & Chief Executive Officer: Che Chia Wei
Senior Vice President-Operations: J. K. Wang
Chief Financial Officer & Vice President: Wendell Huang
SVP-Information Technology & Materials Management: J. K. Lin
Vice President-Research & Development: Yung Ching Hou

Shareholders

National Development Fund of The Executive Yuan (6.3%)
The Vanguard Group, Inc. (2.4%)
Capital Research & Management Co. (Global Investors) (2.0%)
BlackRock Fund Advisors (1.9%)
Norges Bank Investment Management (1.5%)
Capital Research & Management Co. (World Investors) (1.5%)
Fidelity Management & Research Co. LLC (1.0%)
Invesco Advisers, Inc. (0.8%)
Baillie Gifford & Co. (0.6%)
Capital Research & Management Co. (0.6%)

Contact Details

Website:http://www.tsmc.com
Address: Hsinchu Science Park, No. 8 Li-Hsin 6th Road, Hsinchu, 300 78, 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.
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
TSMC Partners Ltd.
Kung Cherng Investment Co. Ltd.
Chi-Hsin Investment Co. Ltd.
Po Cherng Investment Co., Ltd.
Hsin Ruey Investment Co. Ltd.
Chi Cheung Investment Co. Ltd. /TW/

Competitors

Tower Semiconductor Ltd
Vanguard International Semiconductor Corp
United Microelectronics Corp.
SkyWater Technology Inc
Amkor Technology, Inc.
Sai MicroElectronics Inc. Class A
Hana Micron Inc.
Episil Technologies Inc.
T'way Holdings, Inc.
YeaRimDang Publishing Co., Ltd.
Intel Corporation
Advanced Wireless Semiconductor Co.
Ledtech Electronics Corp.
Sanan Optoelectronics Co., Ltd. Class A

Last Updated on 20 Oct, 2021

Taiwan Semiconductor Manufacturing Co., Ltd.

In the news

Company Background

Business Summary

Financial Highlights

Historical Data

Valuation Measures

Key executives

Shareholders

Contact Details

Related Companies

Competitors

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Your trial period has expired

Your full access to Nikkei Asia has expired

Celebrate our next chapter Free access for everyone - Sep. 30

Celebrate our next chapter
Free access for everyone - Sep. 30