Taiwan Semiconductor Manufacturing Co., Ltd.
In the news
- 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
- China's top chipmaker ups capex to $6.7bn after bumper quarter Aug 7, 2020
- Key Apple suppliers approached for possible Arm sale Aug 5, 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
Financial Highlights
| Dec 2019 | TWD | USD |
| Revenue | 1,069.98B | 34,613.23M |
| Gross Profit | 465,418.52M | 15,055.89M |
| Operating income | 373,173.14M | 12,071.83M |
| Income before tax | 387,001.11M | 12,519.15M |
| Net income | 345,263.66M | 11,168.98M |
| EBITDA | 660,057.38M | 21,352.29M |
| Diluted EPS | 13.31 | 0.43 |
| Dividends Per Share | 9.50 | 0.30 |
| Total Assets | 2,264.80B | 75,551.42M |
| Total liabilities | 642,709.60M | 21,440.09M |
| Total equity | 1,621.41B | 54,088.47M |
| Operating cash flow | 630,455.78M | 20,394.71M |
| Currency in TWD | Currency in USD |
Historical Data
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | |
| Revenue | 843,512.49M | 947,909.27M | 977,442.68M | 1,031.36B | 1,069.98B |
| Gross Profit | 393,657.61M | 456,509.03M | 472,804.41M | 472,206.17M | 465,418.52M |
| Operating income | 321,903.44M | 377,902.88M | 386,860.22M | 385,724.97M | 373,173.14M |
| Income before tax | 346,296.78M | 382,463.78M | 393,147.08M | 394,452.48M | 387,001.11M |
| Net income | 306,573.83M | 334,247.18M | 343,111.47M | 351,130.88M | 345,263.66M |
| EBITDA | 544,409.01M | 601,731.28M | 647,002.92M | 678,271.27M | 660,057.38M |
| Diluted EPS | 11.82 | 12.89 | 13.23 | 13.54 | 13.31 |
| Dividends Per Share | 6 | 7 | 8 | 8 | 9.50 |
| Total Assets | 1,657.51B | 1,886.45B | 1,991.86B | 2,090.12B | 2,264.80B |
| Total liabilities | 434,883.81M | 496,404.17M | 469,102M | 412,631.64M | 642,709.60M |
| Total equity | 1,221.67B | 1,389.24B | 1,522.05B | 1,676.81B | 1,621.41B |
| Operating cash flow | 534,617.50M | 548,501.57M | 595,753.07M | 588,802.63M | 630,455.78M |
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | |
| Revenue | 26,563.91M | 29,391.80M | 32,128.71M | 34,202.62M | 34,613.23M |
| Gross Profit | 12,397.07M | 14,154.96M | 15,541.16M | 15,659.57M | 15,055.89M |
| Operating income | 10,137.39M | 11,717.62M | 12,716.16M | 12,791.63M | 12,071.83M |
| Income before tax | 10,905.58M | 11,859.04M | 12,922.81M | 13,081.06M | 12,519.15M |
| Net income | 9,654.63M | 10,363.99M | 11,278.13M | 11,644.40M | 11,168.98M |
| EBITDA | 17,144.54M | 18,657.86M | 21,267.10M | 22,493.22M | 21,352.29M |
| Diluted EPS | 0.37 | 0.39 | 0.43 | 0.44 | 0.43 |
| Dividends Per Share | 0.18 | 0.21 | 0.26 | 0.26 | 0.30 |
| Total Assets | 50,461.78M | 58,532.85M | 66,934.21M | 68,000.39M | 75,551.42M |
| Total liabilities | 13,239.68M | 15,402.40M | 15,763.63M | 13,424.59M | 21,440.09M |
| Total equity | 37,192.79M | 43,105.53M | 51,146.98M | 54,553.72M | 54,088.47M |
| Operating cash flow | 16,836.18M | 17,007.37M | 19,582.51M | 19,526.21M | 20,394.71M |
Valuation Measures
| Dec 2019 | |
| PER | 24.85 |
| ROA | 15.85% |
| ROE | 20.93% |
| Operating margin | 34.87% |
| Profit margin | 32.26% |
Key executives
- Vice Chairman & Chief Executive Officer: Che Chia Wei
- Senior Vice President-Operations: J. K. Wang
- Chief Financial Officer: Jen Chao Huang
- Senior Vice President-Europe & Asia Sales: Li Mei Ho
- Chief Financial Officer: Renzhao Huang
Shareholders
- Yuanta Securities Investment Trust Co., Ltd. (12.6%)
- National Development Fund of The Executive Yuan (6.3%)
- The Vanguard Group, Inc. (2.6%)
- Capital Research & Management Co. (World Investors) (2.5%)
- Capital Research & Management Co. (Global Investors) (1.9%)
- BlackRock Fund Advisors (1.7%)
- Norges Bank Investment Management (1.5%)
- Invesco Advisers, Inc. (1.1%)
- Fidelity Management & Research Co. LLC (0.9%)
- APG Asset Management NV (0.7%)
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
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- VisEra Holding Cayman Ltd.
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- 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
- ASE Technology Holding Co., Ltd.
- Vanguard International Semiconductor Co.
- United Microelectronics Corp.
- Amkor Technology, Inc.
- Sai MicroElectronics Inc. Class A
- Hana Micron Inc.
- Episil Holdings Inc
- DB HiTek Co. LTD
- T'way Holdings, Inc.
- YeaRimDang Publishing Co., Ltd.
- Advanced Wireless Semiconductor Co.
- Ledtech Electronics Corp.
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Last Updated on 24 Nov, 2020
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