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Taiwan Semiconductor Manufacturing Co., Ltd.
- 219.00 TWD
- +0.50
- +0.23%
Taiwan
Jan 18, 2019Ticker
TAI(2330)Prev. close
218.50Market cap (TWD)
5,665.78BMarket cap (USD)
183,757.45MShares
25,930.38M
In the news
- Shadow of China looms as Japan enters earnings season Jan 19, 2019
- Apple suppliers feel 'extraordinary' change in China demand Jan 18, 2019
- Huawei ban casts shadow over $100bn economic sphere Dec 15, 2018
- 'Huawei freeze' chills global supply chain Dec 8, 2018
- TSMC tells execs to park the Mercedes and take a Toyota instead Dec 6, 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
- Vice Chairman & Chief Executive Officer: Che Chia Wei
- Senior Vice President-Operations: J. K. Wang
- Head-Finance & Accounting, Senior Deputy GM: Li Mei Ho
- SVP-Information Technology & Materials Management: J. K. Lin
- 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. (2.5%)
- Capital Research & Management Co. (Global Investors) (2.4%)
- BlackRock Fund Advisors (2.1%)
- Norges Bank Investment Management (1.3%)
- OppenheimerFunds, Inc. (1.1%)
- APG Asset Management NV (0.7%)
- Schroder Investment Management Ltd. (0.6%)
- BlackRock Advisors (UK) Ltd. (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
- 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
- Semiconductor Manufacturing International Corp.
- Tower Semiconductor Ltd
- ASE Technology Holding Co., Ltd.
- Vanguard International Semiconductor Co.
- Amkor Technology, Inc.
- United Microelectronics Corp.
- X-FAB Silicon Foundries NV
- DB HiTek Co. LTD
- ITEK Semiconductor, Inc.
- MPI Corp.
- Pan Jit International Inc.
- Ledtech Electronics Corp.
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