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Taiwan Semiconductor Manufacturing Co., Ltd.
- 228.00 TWD
- -1.00
- -0.44%
Taiwan
Apr 20, 2018Ticker
TAI(2330)Prev. close
229.00Market cap (TWD)
5,938.06BMarket cap (USD)
201,982MShares
25,930.40M
In the news
- Nikkei Asia300 Index ends week lower amid technology selloff, trade worries Apr 20, 2018
- Singapore shares gain for fourth week, fueled by banks, energy companies Apr 20, 2018
- Hong Kong stocks post weekly decline amid trade concerns Apr 20, 2018
- Technology stocks drag Hong Kong market lower Apr 20, 2018
- TSMC cuts 2018 sales target on weak iPhone demand Apr 19, 2018 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
Financial Highlights
| Dec 2017 | TWD | USD |
| Revenue | 977,442.68M | 32,128.71M |
| Gross Profit | 472,804.41M | 15,541.16M |
| Operating income | 386,860.22M | 12,716.16M |
| Income before tax | 393,147.08M | 12,922.81M |
| Net income | 343,111.47M | 11,278.13M |
| EBITDA | 647,002.92M | 21,267.10M |
| Diluted EPS | 13.23 | 0.43 |
| Dividends Per Share | 8 | 0.26 |
| Total Assets | 1,991.86B | 66,934.21M |
| Total liabilities | 469,102M | 15,763.63M |
| Total equity | 1,522.05B | 51,146.98M |
| Operating cash flow | 595,753.07M | 19,582.51M |
| Currency in TWD | Currency in USD |
Historical Data
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | |
| Revenue | 597,003.32M | 762,835.02M | 843,512.49M | 947,909.27M | 977,442.68M |
| Gross Profit | 266,920.59M | 362,590.64M | 393,657.61M | 456,509.03M | 472,804.41M |
| Operating income | 209,357.15M | 297,840.87M | 321,903.44M | 377,902.88M | 386,860.22M |
| Income before tax | 211,515.09M | 298,147.87M | 346,296.78M | 382,463.78M | 393,147.08M |
| Net income | 188,146.79M | 263,898.79M | 306,573.83M | 334,247.18M | 343,111.47M |
| EBITDA | 365,539.02M | 498,092.41M | 544,409.01M | 601,731.28M | 647,002.92M |
| Diluted EPS | 7.26 | 10.18 | 11.82 | 12.89 | 13.23 |
| Dividends Per Share | 2.99 | 4.49 | 6 | 7 | 8 |
| Total Assets | 1,263.05B | 1,495.13B | 1,657.51B | 1,886.45B | 1,991.86B |
| Total liabilities | 415,279.89M | 449,458.09M | 434,883.81M | 496,404.17M | 469,102M |
| Total equity | 847,508.25M | 1,045.54B | 1,221.67B | 1,389.24B | 1,522.05B |
| Operating cash flow | 350,523.58M | 424,778.09M | 534,617.50M | 548,501.57M | 595,753.07M |
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | |
| Revenue | 20,113.82M | 25,173.40M | 26,563.91M | 29,391.80M | 32,128.71M |
| Gross Profit | 8,992.90M | 11,965.41M | 12,397.07M | 14,154.96M | 15,541.16M |
| Operating income | 7,053.51M | 9,828.68M | 10,137.39M | 11,717.62M | 12,716.16M |
| Income before tax | 7,126.21M | 9,838.81M | 10,905.58M | 11,859.04M | 12,922.81M |
| Net income | 6,338.91M | 8,708.60M | 9,654.63M | 10,363.99M | 11,278.13M |
| EBITDA | 12,315.48M | 16,436.94M | 17,144.54M | 18,657.86M | 21,267.10M |
| Diluted EPS | 0.24 | 0.33 | 0.37 | 0.39 | 0.43 |
| Dividends Per Share | 0.10 | 0.14 | 0.18 | 0.21 | 0.26 |
| Total Assets | 42,379.42M | 47,311.36M | 50,461.78M | 58,532.85M | 66,934.21M |
| Total liabilities | 13,933.93M | 14,222.45M | 13,239.68M | 15,402.40M | 15,763.63M |
| Total equity | 28,436.53M | 33,084.88M | 37,192.79M | 43,105.53M | 51,146.98M |
| Operating cash flow | 11,809.59M | 14,017.59M | 16,836.18M | 17,007.37M | 19,582.51M |
Valuation Measures
| Dec 2017 | |
| PER | 17.34 |
| ROA | 17.69% |
| ROE | 23.57% |
| Operating margin | 39.57% |
| Profit margin | 35.10% |
Key executives
- Co-General Manager & Director: Te Yin Liu
- Co-General Manager & Director: Che Chia Wei
- Vice President-Operations: T. S. Chang
- Head-Finance & Accounting, Senior Deputy GM: Li Mei Ho
- Vice President-Research & Technology Development: Michael Wu
Shareholders
- National Development Fund of The Executive Yuan (6.3%)
- Capital Research & Management Co. (World Investors) (4.4%)
- The Vanguard Group, Inc. (2.3%)
- BlackRock Fund Advisors (2.1%)
- Capital Research & Management Co. (Global Investors) (1.9%)
- Norges Bank Investment Management (1.3%)
- OppenheimerFunds, Inc. (1.2%)
- APG Asset Management NV (0.7%)
- Schroder Investment Management Ltd. (0.6%)
- Deutsche Asset Management Investment GmbH (0.6%)
Contact Details
- Website:http://www.tsmc.com
- Address: No. 8 Li-Hsin 6th Road, Hsinchu Science Park, Hsinchu, 300, Taiwan
- Phone: +886.3.563.6688
Related Companies
- 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.
- 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
- Semiconductor Manufacturing International Corp.
- Vanguard International Semiconductor Co.
- Amkor Technology, Inc.
- United Microelectronics Corp.
- X-FAB Silicon Foundries NV
- Advanced Semiconductor Engineering, Inc.
- SFA Semicon Co., Ltd.
- DB HiTek Co. LTD
- ITEK Semiconductor, Inc.
- Pan Jit International Inc.
- Ledtech Electronics Corp.
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