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MarketScreener Homepage  >  Equities  >  Taiwan Stock Exchange  >  Taiwan Semiconductor Manufacturing Company Limited    2330   TW0002330008

TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED

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Taiwan Semiconductor Manufacturing : TSMC Third-Quarter Net Profit Rose 36% on Strong Revenue Growth

10/15/2020 | 02:24am EST

By Kosaku Narioka

Taiwan Semiconductor Manufacturing Co. said Thursday that its third-quarter net profit rose 36% compared with the same period a year earlier thanks to strong revenue growth.

The Taiwanese chip maker said net profit was 137.31 billion New Taiwan dollars (US$4.77 billion). That beat the estimate of NT$127.16 billion from a FactSet poll of analysts.

Third-quarter revenue increased 22% from a year earlier to NT$356.43 billion.

Revenue from smartphones rose 12% from the quarter before while revenue from high performance computing increased 25%.

TSMC said revenue from customers in North America accounted for 59% of its total revenue, down from 60% a year earlier and revenue from China made up 22% of the total, up from 20% a year earlier.

The U.S. Commerce Department in May restricted global chip makers which use U.S. technology from supplying semiconductors to Huawei Technologies Co. The grace period for those restrictions ended mid-September.

Analysts said TSMC was able to offset its Huawei sales losses by reallocating production capacity to other clients.

Write to Kosaku Narioka at kosaku.narioka@wsj.com

(END) Dow Jones Newswires

10-15-20 0223ET

Stocks mentioned in the article
ChangeLast1st jan.
TAIWAN SEMICONDUCTOR CO., LTD. -2.36% 53.8 End-of-day quote.0.37%
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED -0.40% 497 End-of-day quote.50.15%
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Financials
Sales 2020 1 342 B 47 306 M 47 306 M
Net income 2020 512 B 18 053 M 18 053 M
Net cash 2020 404 B 14 227 M 14 227 M
P/E ratio 2020 25,1x
Yield 2020 2,17%
Capitalization 12 887 B 452 B 454 B
EV / Sales 2020 9,30x
EV / Sales 2021 8,29x
Nbr of Employees 48 752
Free-Float 93,6%
Chart TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED
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Taiwan Semiconductor Manufacturing Company Limited Technical Analysis Chart | 2330 | TW0002330008 | MarketScreener
Technical analysis trends TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 27
Average target price 546,42 TWD
Last Close Price 497,00 TWD
Spread / Highest target 40,8%
Spread / Average Target 9,94%
Spread / Lowest Target -23,5%
EPS Revisions
Managers
NameTitle
Che Chia Wei Vice Chairman & Chief Executive Officer
Te Yin Liu Chairman
J. K. Wang Senior Vice President-Operations
Jen Chao Huang Chief Financial Officer
Renzhao Huang Chief Financial Officer
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