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

TWD | USD

	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. (2.5%)
Capital Research & Management Co. (World Investors) (2.0%)
BlackRock Fund Advisors (1.8%)
Norges Bank Investment Management (1.4%)
Fidelity Management & Research Co. LLC (1.0%)
Capital Research & Management Co. (Global Investors) (1.0%)
Yuanta Securities Investment Trust Co., Ltd. (0.9%)
Baillie Gifford & Co. (0.9%)
Capital International Ltd. (0.6%)

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

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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.
China Wire & Cable Co., Ltd.
Leaguer (Shenzhen) Microelectronics Corp. Class A
Mospec Semiconductor Corp.
Sanan Optoelectronics Co., Ltd. Class A
Spirox Corporation

Last Updated on 10 Aug, 2022