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TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED

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Taiwan Semiconductor Manufacturing : Chipmaker TSMC says too early to say on Germany expansion

07/26/2021 | 12:55am EDT
FILE PHOTO: Logo of Taiwan Semiconductor Manufacturing Co (TSMC), in Hsinchu

TAIPEI (Reuters) - Taiwan Semiconductor Manufacturing Co Ltd (TSMC) said on Monday that it was too early to say whether it will build factories in Germany and that talks were in early stages, as the EU seeks to reduce chip imports amid a supply shortage.

The European Commission had held discussions with global chip giants, including Intel and TSMC, as the EU seeks to boost semiconductor production and shield itself from shocks in the global supply chain.

Taiwan and TSMC, the world's largest contract chip manufacturer, have become central in efforts to resolve the pandemic-induced chip shortage that has forced automakers to cut production and hurt manufacturers of smartphones, laptops and even appliances.

"We are currently doing reviews on Germany seriously, but it's still in very early stages," TSMC chairman Mark Liu told an annual shareholder meeting when asked about building chip fabrication plants in the EU country.

"We continue to communicate with our major clients in Germany to see whether this is most important and effective for our clients," he said. "It's too early to say."

TSMC signalled in July plans to build new factories in the United States and Japan amid concern over the concentration of chipmaking capability in Taiwan, which produces most of the world's most advanced chips and is geographically close to political rival China.

On TSMC's $12 billion factory in the U.S. state of Arizona, Liu said the expansion would support client demand, especially in infrastructure and national security.

"Clients are the backing of our global expansion. We will move very cautiously," Liu said, adding that the company's customers would help share costs of overseas operations.

TSMC announced this year plans to invest $100 billion over the next three years to increase capacity, riding on what it called a "multiple years of growth opportunities", as the COVID-19 pandemic and new technologies drove global demand for advanced chips.

(Reporting By Yimou Lee. Editing by Gerry Doyle)


ę Reuters 2021
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Sales 2021 1 577 B 56 653 M 56 653 M
Net income 2021 581 B 20 868 M 20 868 M
Net cash 2021 238 B 8 563 M 8 563 M
P/E ratio 2021 26,8x
Yield 2021 1,84%
Capitalization 15 558 B 560 B 559 B
EV / Sales 2021 9,72x
EV / Sales 2022 8,33x
Nbr of Employees 48 752
Free-Float 93,6%
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Mean consensus BUY
Number of Analysts 30
Last Close Price 600,00 TWD
Average target price 760,79 TWD
Spread / Average Target 26,8%
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Managers and Directors
Che Chia Wei Vice Chairman & Chief Executive Officer
Wendell Huang Chief Financial Officer & Vice President
Te Yin Liu Chairman
Yung Ching Hou Vice President-Research & Development
J. K. Lin SVP-Information Technology & Materials Management
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