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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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Trump administration weighs blacklisting China's chipmaker SMIC

09/04/2020 | 05:14pm EST

(Adds companies possibly impacted)

WASHINGTON, Sept 4 (Reuters) - The Trump administration is considering whether to add China's top chipmaker SMIC to a trade blacklist, a Defense Department official said on Friday, as the United States escalates its crackdown on Chinese companies.

A Pentagon spokeswoman said the Defense Department was working with other agencies to determine whether to make the move against Semiconductor Manufacturing International Corporation, which would force U.S. suppliers to seek a difficult-to-obtain license before shipping to the company.

SMIC and the Chinese Embassy in Washington did not immediately respond to requests for comment.

Earlier this week, the Pentagon made a proposal to place SMIC on the entity list to the End User Committee, a panel led by the Commerce Department that also includes the State and Energy Departments and makes decisions about entity listings, a person familiar with the matter said. It was not clear whether the other agencies supported the plan.

The Trump administration has often used the entity list - which now includes more than 275 China-based firms - to hit key Chinese industries, from telecoms equipment giants Huawei Technologies and ZTE over sanction violations, to surveillance camera maker Hikvision over suppression of China's Uighur minority.

SMIC is the largest Chinese chip manufacturer but is second-tier to rival Taiwan Semiconductor Manufacturing Co Ltd , the industry's market leader. It has sought to build out foundries for the manufacture of computer chips that can compete with TSMC.

But it is also facing new restrictions from Commerce that require Huawei's chip manufacturers to seek U.S. licenses before producing chips for the telecoms giant, if they rely on U.S. chipmaking technology. SMIC is one of Huawei's manufacturers.

U.S. companies including Lam Research, KLA Corp and Applied Materials, which supply key chipmaking equipment, could be impacted by a potential entity listing, industry sources said.

While the Pentagon official did not outline the reasons for the action, SMIC's relationship to the Chinese military is under scrutiny, another U.S. official and two former officials briefed on the matter said.

The administration has increasingly trained its focus on Chinese companies that bolster Beijing's military. Last month, the United States blacklisted 24 Chinese companies and targeted individuals it said were part of construction and military actions in the South China Sea, its first such sanctions against Beijing over the disputed strategic waterway.

The Defense Department has released two lists of Chinese companies in the past few months that it claims are owned or controlled by the People's Liberation Army. The designation gives President Donald Trump the authority to place them on an even tougher blacklist but so far no action has been taken. (Reporting by Idrees Ali and Alexandra Alper and Karen Freifeld. Editing by Chris Sanders, Howard Goller and Sonya Hepinstall)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
APPLIED MATERIALS, INC. 2.20% 88.07 Delayed Quote.39.73%
HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD. 0.81% 45.87 End-of-day quote.40.10%
KLA CORPORATION 1.87% 262.05 Delayed Quote.43.86%
LAM RESEARCH CORPORATION 2.68% 496.83 Delayed Quote.65.55%
SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION -5.41% 21 End-of-day quote.75.88%
TAIWAN SEMICONDUCTOR CO., LTD. 0.93% 54.3 End-of-day quote.1.31%
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED 1.21% 503 End-of-day quote.51.96%
ZTE CORPORATION -0.71% 34.81 End-of-day quote.-1.64%
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Financials
Sales 2020 1 342 B 47 591 M 47 591 M
Net income 2020 512 B 18 161 M 18 161 M
Net cash 2020 404 B 14 313 M 14 313 M
P/E ratio 2020 25,5x
Yield 2020 2,14%
Capitalization 13 043 B 462 B 463 B
EV / Sales 2020 9,42x
EV / Sales 2021 8,39x
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
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 27
Average target price 548,19 TWD
Last Close Price 503,00 TWD
Spread / Highest target 39,2%
Spread / Average Target 8,98%
Spread / Lowest Target -24,5%
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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