0LCV.L - Taiwan Semiconductor Manufacturing Company Limited

LSE - LSE Delayed price. Currency in USD
45.50
+6.03 (+15.28%)
At close: 3:06PM BST
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Previous close39.47
Open45.31
Bid0.00 x 0
Ask0.00 x 0
Day's range45.25 - 45.50
52-week range45.25 - 45.50
Volume3,110
Avg. volumeN/A
Market cap1.18T
Beta (5Y monthly)0.71
PE ratio (TTM)20.18
EPS (TTM)2.26
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • The Trump Administration’s War on Huawei Could Hurt These 3 Stocks
    Motley Fool

    The Trump Administration’s War on Huawei Could Hurt These 3 Stocks

    Chinese tech giant Huawei, one of the world's leading manufacturers of telecom equipment, networking hardware, and smartphones, has been repeatedly slammed by the Trump administration's trade war against China. Last year, the U.S. Department of Commerce placed Huawei on an "Entity List," a group of firms that American companies cannot offer their technologies to without a special license. Earlier this year, it expanded that licensing requirement to all non-U.S. chipmakers that use American chipmaking equipment, intellectual property, and design software.

  • Top Ranked Growth Stocks to Buy for May 27th
    Zacks

    Top Ranked Growth Stocks to Buy for May 27th

    Top Ranked Growth Stocks to Buy for May 27th

  • Bloomberg

    There’s Far Less Bang in a Huawei Ban Now

    (Bloomberg Opinion) -- It’s easy to ban a product that’s difficult to get your hands on anyway.That’s why Britain’s possible move to impose a stricter ban on Huawei Technologies Co. seems opportunistic, even if it does now make sense. It’s taking advantage of harsher U.S. sanctions on the Chinese telecoms-equipment giant to consider extending the U.K.’s halfway measures unveiled with great fanfare in January. A final decision will come after the government’s National Cyber Security Centre reviews implications for the security of the country’s phone networks.Earlier this month, the U.S. imposed more stringent guidelines on Huawei, restricting any firm that uses American equipment from selling to the Chinese technology company without its approval. That means Huawei won’t be able to get chips from companies such as Taiwan Semiconductor Manufacturing Co. because they’re likely made using machines from firms such as California-based Applied Materials Inc. So Huawei may effectively find itself cut off from access to the high-tech silicon it needs for its networking gear. This provides a convenient excuse for Prime Minister Boris Johnson’s government to revisit its more nuanced approach with regards to Huawei, which provoked U.S. ire in the midst of efforts to strike a new Anglo-American trade pact and a rebellion from a group of Conservative lawmakers.Initially, in a break with the U.S., the U.K. had decided to retain some access to Huawei’s products for its carriers’ rollout of fiber-optic and fifth-generation mobile networks. It proposed capping the Chinese company’s share to 35% of non-sensitive parts of a mobile network in order to keep operators from being reliant on a Nordic duopoly of Ericsson AB and Nokia Oyj. Now ministers are drawing up proposals to reduce that share to zero.The irony is that, given the recent U.S. measures, Huawei may find it very difficult to keep competing for orders. The company probably won’t be able to buy many of the chip sets it needs to make things such as wireless base stations. The quality of those products will suffer as it’s forced to seek out new suppliers, likely in China itself, where semiconductor technology is still playing catch-up. That could make carriers rethink who supplies their 5G equipment even before any national ban kicks in, according to Bloomberg Intelligence analyst Anthea Lai.Even though a ban on new Huawei gear might now be easier, the question of how to handle the existing networks is not. Huawei’s equipment currently accounts for two-thirds of BT Group Plc’s mobile network, and one-third of Vodafone Group Plc’s U.K. mobile network, according to UBS Group AG analyst Polo Tang. BT has already said that swapping the kit out would cost it 500 million pounds ($615 million) over the next five years. Reducing it to zero could double that expense, Tang said.The U.K.’s previous 35% limit applied to an operator’s overall network, but forcing operators to replace any already installed Huawei gear would strain capital requirements and jeopardize ambitious goals for new network build-out — Prime Minister Boris Johnson has said he wants the whole country to have access to gigabit internet speeds by 2025. It seems that the government is taking that into account. The Times of London reported that the new proposals would only prohibit the purchase and installation of new equipment from 2023.Which serves to underline how opportunistic the new review looks. The main argument for letting carriers continue to use Huawei was to ensure that network investment continued apace. Now that the U.S. crackdown looks likely to reduce the quality and availability of Huawei products, it’s a chance for the government to assuage both rebellious lawmakers and critics across the Atlantic. And with global antipathy toward China rising over its handling of the Covid-19 outbreak and crackdown in Hong Kong, there’s now little point in further testing the straining U.S. alliance.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. He previously covered Apple and other technology companies for Bloomberg News in San Francisco.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Japan’s Hottest Stock Is Tiny Maker of $40 Million Machines
    Bloomberg

    Japan’s Hottest Stock Is Tiny Maker of $40 Million Machines

    (Bloomberg) -- The list of Intel Corp.’s annual supplier award winners tends to read like a who’s-who of the semiconductor industry’s biggest names. This year, it included a little-known Japanese company whose machines have become indispensable in the race to improve semiconductors and whose stock has been rocketing up as a result.Lasertec Corp. is the world’s only maker of testing machines required to verify chip designs for the nascent extreme ultraviolet lithography (or EUV) method of chipmaking. In 2017, Lasertec solved a key piece of the EUV puzzle when it created a machine that can inspect blank EUV masks for internal flaws. Last September, it cleared another milestone by unveiling equipment that can do the same for stencils with chip designs already printed on them. This March, Intel gave the tiny Yokohama-based company an award for innovation, its first after decades of doing business together.“That’s a major milestone for us,” Lasertec President Osamu Okabayashi said in an interview. “It means a lot to be recognized this way as a supplier.”The company’s stock has soared about 550% since the start of 2019, more than twice the gain of the second-best-performing security in the benchmark Topix index. Shares increased about 4% Tuesday, pushing its rise this year to more than 60%.Intel declined to say if it was buying EUV equipment from Lasertec, which already supplies test gear to its rivals Samsung Electronics Co. and Taiwan Semiconductor Manufacturing Co. The three chip fabricators are the only ones so far to announce EUV plans, because the technology is so complex and expensive. Okabayashi would only say that his company has “two or more” EUV customers.“This can be read as a sign that Lasertec’s tools are indispensable to Intel’s EUV roadmap.” said Damian Thong, an analyst at Macquarie Group Ltd.Read more: Japan’s Star Electronics Stock Will Be Vital to Intel, SamsungEUV is just entering the mass production phase after two decades in development, but investors are already betting Lasertec will be one of the key beneficiaries. The move to EUV overcomes key hurdles to shrinking manufacturing geometries of semiconductors, allowing more and smaller transistors to be crammed onto silicon. It promises to unleash another wave of gadgets that are slimmer, cheaper and more powerful.Last month, Lasertec raised its annual order forecast for the second time this year to 85 billion yen ($789 million) in the period ending June, nearly double the amount it received in fiscal 2019. The company is headed for the fourth straight year of record revenue and profits. Sales will climb 39% to 40 billion yen and profit will jump 76%, according to its estimates. And that’s likely to be just the beginning.Samsung earlier this month said it is building a 5-nanometer fabrication facility that will use EUV to make processors for applications ranging from 5G networking to high-performance computing from the second half of next year. Taiwan’s TSMC is pushing ahead with plans to adopt 3-nanometer lithography mass production in 2022 and announced plans to build an advanced fab in the U.S. Intel’s first product made using EUV is expected late next year.Their primary focus is on so-called logic processors, used to power devices and networking applications, but the new manufacturing technique will eventually filter through into the production of DRAM and other memory chips.Read more: Samsung Takes Another Step in $116 Billion Plan to Take on TSMC“Logic makers will be first to adopt EUV, with memory makers following later,” Okabayashi said. “The real volume of orders will come when they reach mass production stage. Right now it’s 7- and 5-nanometer chips. 3-nanometer is still in development stage.”Okabayashi expects each customer will probably need several of his testers, which could cost well over $40 million apiece and take as long as two years to build. A chipmaker would need at least one machine in its mask shop to make sure the stencils come out right. Another would go into a wafer fab to keep an eye on the microscopic wear and tear that result from concentrated light being projected repeatedly through the chip design stencils.“Lasertec is still trying to get a feel for this market and how big it can be,” Macquarie’s Thong said. “Their stock is moving on expectation of future orders. But there is little actual visibility on the scale of this market, so Lasertec retains a lot of capacity for surprise.”(Updates with share price in fourth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • A Solid Dividend Stock to Buy in May
    Motley Fool

    A Solid Dividend Stock to Buy in May

    Applied Materials (NASDAQ: AMAT) had to pull its quarterly guidance in March, as the novel coronavirus outbreak disrupted tech supply chains thanks to shelter-in-place orders and lockdowns initiated across the globe to contain the spread. The company said that COVID-19 created substantial challenges across its "supply chain, manufacturing operations and logistics," erasing nearly $650 million in potential sales in its semiconductor systems business during the quarter. Despite these challenges, Applied Materials put up a solid performance and also met its dividend commitments at a time when several big names have been reducing or suspending payouts.

  • TSMC (TSM) Stock Sinks As Market Gains: What You Should Know
    Zacks

    TSMC (TSM) Stock Sinks As Market Gains: What You Should Know

    TSMC (TSM) closed the most recent trading day at $49.80, moving -1.87% from the previous trading session.

  • Bloomberg

    Samsung Takes Another Step in $116 Billion Plan to Take on TSMC

    (Bloomberg) -- Samsung Electronics Co. has begun building a cutting-edge chip production line intended to help it take on Taiwan Semiconductor Manufacturing Co. in the business of making silicon for external clients.South Korea’s largest company said it’s started construction on a 5-nanometer fabrication facility in Pyeongtaek, south of Seoul, dedicated to its made-to-order foundry business, an arena TSMC dominates. Based on the Extreme Ultraviolet Lithography or EUV process, Samsung expects the fab’s output to go toward applications from 5G networking to high-performance computing from the second half of 2021, it said in a statement.Samsung, the world’s largest maker of computer memory, smartphones and displays, in 2019 outlined its aim of spending $116 billion to compete with TSMC and Intel Corp. in contract chipmaking, making silicon for customers like Qualcomm Inc. or Nvidia Corp. Its announcement on Thursday coincides with the announcement of restrictions on the sale of semiconductors made with American gear to China’s Huawei Technologies Co., a constraint that threatens more than a tenth of TSMC’s business.“This will enable us to break new ground while driving robust growth for Samsung’s foundry business,” ES Jung, head of the contract chipmaking division, said in a statement.Read more: Behind Samsung’s $116 Billion Bid for Chip SupremacySamsung first unveiled its expansion blueprint in April 2019, outlining at the time its goal of hiring thousands and ramping up investment in logic chips in the years leading up to 2030. That initiative arose as sales of smartphones and consumer electronics plateaued and competition from Chinese rivals depressed margins.EUV is the latest and most advanced chipmaking method, requiring machines costing tens of millions of dollars and delivering better precision and performance in the chips it produces. TSMC and Samsung, through its spending plan, are the leaders in developing that process and expanding into 5nm and smaller manufacturing nodes.Before the arrival Covid-19, Samsung had begun collaborating with major clients on designing and manufacturing custom chips and that work was already starting to add to its revenue, a Samsung executive has said. The company’s newest fab in Pyeongtaek joins another 5nm facility in Hwaseong that will begin production in the second half of this year.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • New Strong Buy Stocks for May 20th
    Zacks

    New Strong Buy Stocks for May 20th

    New Strong Buy Stocks for May 20th

  • Senate Democrats call for Trump administration to unveil details of TSMC plant deal
    Reuters

    Senate Democrats call for Trump administration to unveil details of TSMC plant deal

    Democratic lawmakers on Tuesday urged the Trump administration to answer "serious questions" about Taiwan Semiconductor Manufacturing Co Ltd's plans to build a U.S.-based $12 billion plant, flagging national security concerns and potentially undisclosed subsidies. TSMC, the world's biggest contract chipmaker and supplier to U.S. tech giants such as Apple Inc, announced the project last week, in a move trumpeted by Commerce Secretary Wilbur Ross as signaling a "renaissance in American manufacturing" fueled by President Donald Trump. In a letter addressed Tuesday to Ross and Defense Secretary Mark Esper, top Senate Democrat Chuck Schumer and two colleagues said they "strongly support" efforts by the administration to "on-shore" semiconductor plants in the United States.

  • Zacks.com featured highlights include: Taiwan Semiconductor Manufacturing Company, Dollar General, Kroger, Bristol-Myers Squibb and NIC
    Zacks

    Zacks.com featured highlights include: Taiwan Semiconductor Manufacturing Company, Dollar General, Kroger, Bristol-Myers Squibb and NIC

    Zacks.com featured highlights include: Taiwan Semiconductor Manufacturing Company, Dollar General, Kroger, Bristol-Myers Squibb and NIC

  • Top Stock Picks for Week of May 18, 2020
    Zacks

    Top Stock Picks for Week of May 18, 2020

    Consumer Products & Chips in Focus.

  • U.S.-China Trade Spat Transcends 5G to Chipmaking Hegemony
    Zacks

    U.S.-China Trade Spat Transcends 5G to Chipmaking Hegemony

    Taiwan Semiconductor Manufacturing Co. appears to be the latest pawn in the Sino-U.S. tussle as it is becoming increasingly difficult for the company to remain neutral.

  • Top Ranked Income Stocks to Buy for May 18th
    Zacks

    Top Ranked Income Stocks to Buy for May 18th

    Top Ranked Income Stocks to Buy for May 18th

  • Taiwan Semiconductor Manufacturing, Chipotle, Activision Blizzard, Glu Mobile and Zynga highlighted as Zacks Bull and Bear of the Day
    Zacks

    Taiwan Semiconductor Manufacturing, Chipotle, Activision Blizzard, Glu Mobile and Zynga highlighted as Zacks Bull and Bear of the Day

    Taiwan Semiconductor Manufacturing, Chipotle, Activision Blizzard, Glu Mobile and Zynga highlighted as Zacks Bull and Bear of the Day

  • Huawei Warns of ‘Terrible Price’ If U.S.-China Tensions Escalate
    Bloomberg

    Huawei Warns of ‘Terrible Price’ If U.S.-China Tensions Escalate

    (Bloomberg) -- Huawei Technologies Co. warned the latest U.S. curbs on its business will inflict a “terrible price” on the global technology industry, inflaming tensions between Washington and Beijing while harming American interests.China’s largest technology company said it will be “significantly affected” by a Commerce Department decree barring any chipmaker using American equipment from supplying Huawei without U.S. government approval. That means companies like Taiwan Semiconductor Manufacturing Co. and its rivals will have to cut off the Chinese company unless they get waivers -- effectively severing Huawei’s access to cutting-edge silicon it needs for smartphones and networking gear.Washington’s decision drew condemnation from Beijing, which regards Huawei as a national champion because of its success in dominating global networking technology. China and Huawei have threatened retaliation but Rotating Chairman Guo Ping on Monday refrained from commenting on a possible Beijing response -- a departure from just two months ago when the company warned Washington risked opening a “pandora’s box” and Chinese countermeasures if it chose to go ahead with additional restrictions.“Our business will significantly be impacted,” Guo said at a company briefing with analysts in Shenzhen. “Given the changes in the industry over the past year, it dawned on us more clearly that fragmented standards and supply chains benefit no one. If further fragmentation were to take place, the whole industry would pay a terrible price,” he added.Huawei is still assessing the potential fallout of the latest restrictions and couldn’t predict the impact on revenue for now, Guo said. On Monday, a swathe of Huawei’s suppliers from TSMC to AAC Technologies Holdings Inc. plunged in Asian trading.Guo was far less vocal than colleague Richard Yu, who runs the consumer division responsible for smartphones. The outspoken executive said the restrictions that ostensibly aim to allay U.S. cybersecurity concerns are really designed to safeguard American dominance of global tech.“The so-called cybersecurity reasons are merely an excuse,” Yu, head of the Chinese tech giant’s consumer electronics unit, wrote in a post to his account on messaging app WeChat earlier on Monday. “The key is the threat to the technology hegemony of the U.S.” posed by Huawei, he added.Yu also posted a link to a Chinese article circulating on social media with part of its headline asking: “Why Does America Want to Kill Huawei?”The U.S. is leveraging its own technological strengths to crush companies outside its own borders, spokesman Joe Kelly told analysts, reading from a prepared statement. “This will only serve to undermine the trust international companies place in U.S. technology and supply chains,” Kelly said. “Ultimately, this will harm U.S. interests.”Read more: Global Chipmaking Kingpin Gets Dragged into U.S.-China Trade War(Updates with more details from the Huawei briefing with analysts)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Bull Of The Day: Taiwan Semiconductor Manufacturing Co. (TSM)
    Zacks

    Bull Of The Day: Taiwan Semiconductor Manufacturing Co. (TSM)

    Bull Of The Day: Taiwan Semiconductor Manufacturing Co. (TSM)

  • TSMC reportedly stops taking orders from Huawei after new U.S. export controls
    TechCrunch

    TSMC reportedly stops taking orders from Huawei after new U.S. export controls

    Taiwanese Semiconductor Manufacturing Co., the world’s largest contract semiconductor maker, has stopped taking new orders from Huawei Technologies, one of its largest customers, according to the Nikkei Asian Review. The report said the decision was made to comply with new United States export controls, announced last Friday, that are meant to make it more difficult for Huawei to obtain chips produced using U.S. technology, including manufacturing equipment. Huawei, the world’s largest telecom equipment maker, is TSMC’s second-biggest customer after Apple.

  • TSMC stops new Huawei orders after U.S. restrictions - Nikkei
    Reuters

    TSMC stops new Huawei orders after U.S. restrictions - Nikkei

    The orders which TSMC took before the new ban and those already in production are not impacted and could continue to proceed if those chips could be shipped before mid-September, according to the report. TSMC, the world's biggest contract chipmaker and a key Huawei supplier, had announced plans to build a U.S.-based plant on Thursday and on Friday added it was "following the U.S. export rule change closely". Huawei declined to comment, while TSMC said it does not disclose order details and added the report was "purely market rumour".

  • TSMC stops new Huawei orders after U.S. restrictions: Nikkei
    Reuters

    TSMC stops new Huawei orders after U.S. restrictions: Nikkei

    The orders which TSMC took before the new ban and those already in production are not impacted and could continue to proceed if those chips could be shipped before mid-September, according to the report. TSMC, the world's biggest contract chipmaker and a key Huawei supplier, had announced plans to build a U.S.-based plant on Thursday and on Friday added it was "following the U.S. export rule change closely". Huawei declined to comment, while TSMC said it does not disclose order details and added the report was "purely market rumour".

  • Taiwan Semiconductor Is Expanding Manufacturing in the U.S.
    Motley Fool

    Taiwan Semiconductor Is Expanding Manufacturing in the U.S.

    The world's largest contract chipmaker, Taiwan Semiconductor (NYSE: TSM), announced last week that is expanding its manufacturing footprint within the U.S., in line with rumors that surfaced in recent days. The new facility will be built in Arizona, and TSMC says it received support for the project from the U.S. federal government as well as the State of Arizona. The chip fabrication plant will use TSMC's 5-nanometer process technology and be capable of producing 20,000 semiconductor wafers per month.

  • U.S. gave no assurances to Taiwan's TSMC for license to sell to Huawei - official
    Reuters

    U.S. gave no assurances to Taiwan's TSMC for license to sell to Huawei - official

    Taiwan Semiconductor Manufacturing Co Ltd, which unveiled a $12 billion investment plan in Arizona on Friday, has not been given any assurances that it will be granted a license to allow it to sell U.S. technology to China's Huawei, a senior U.S. official said. TSMC, the world's biggest contract chipmaker, announced its plans on Friday just hours before the Trump administration outlined a proposal to amend tech export rules that could restrict TSMC's sales to Huawei, which is blacklisted by the United States because it is considered a national security threat.

  • Taiwan Semiconductor To Build a $12 Billion Chip Plant In Arizona
    Motley Fool

    Taiwan Semiconductor To Build a $12 Billion Chip Plant In Arizona

    The largest third-party chip foundry in the world is putting a cutting-edge facility on American soil for the first time in two decades.

  • U.S. Bans Huawei From Purchasing American Chips in Escalation of the Trade War
    Motley Fool

    U.S. Bans Huawei From Purchasing American Chips in Escalation of the Trade War

    The Commerce Department has amended an export rule to stop Huawei from what it says is undermining national security.

  • Largest Contracted Chip Manufacturer Set To Open Plant In Arizona
    Zacks

    Largest Contracted Chip Manufacturer Set To Open Plant In Arizona

    Taiwan Semiconductor Manufacturing Co. is Silicon Valley's go-to chip manufacturer, and its strategic Arizona plant will manufacture cutting-edge 5 nm transistors

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