Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

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

TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED

(2330)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

China's SMIC says it is facing delays on U.S.-made supplies

11/11/2020 | 10:06pm EST

Nov 12 (Reuters) - China's Semiconductor Manufacturing International Corp (SMIC) is facing some delays in getting U.S.-made equipment, parts and raw materials, it said on Thursday, after Washington imposed export restrictions against the firm.

SMIC, China's largest contract chipmaker, has been among several Chinese tech firms including Huawei Technologies Co Ltd that have been targeted by the Trump Administration over national security concerns.

In September, the U.S. Commerce Department's Bureau of Industry and Security informed some firms that they need to obtain a license before supplying goods and services to SMIC because of "unacceptable risk" that such exports could be diverted to military end use. SMIC has said it has no relationship with the Chinese military.

SMIC, which reported a 32.6% rise in third-quarter revenue, told an earnings conference call that it was operating normally though the export controls would have a short term, but controllable impact on the firm.

"Our capital expenditure plan this year has fallen from $6.7 billion to $5.9 billion, mainly because of two reasons: firstly, U.S. export controls has led to supply delays in some equipment, or there is some uncertainty. Secondly, logistics reasons caused delays to the arrival of some equipment," said Chief Financial Officer Gao Yonggang.

Co-CEO Liang Mongsong said the firm was actively communicating with the U.S. government and working with U.S. suppliers to apply for required export licenses.

The chipmaker, as with competitors such as global market leader Taiwan Semiconductor Manufacturing Co Ltd, relies heavily on equipment from U.S.-based suppliers.

Shares in SMIC rose 2% on Thursday, against a 0.45% decline in the Hang Seng Index. (Reporting by Se Young Lee; Additional reporting by Brenda Goh in Shanghai; Editing by Kim Coghill and Christopher Cushing)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
HANG SENG 0.39% 28620.49 Real-time Quote.5.10%
SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION -1.78% 27.65 End-of-day quote.25.11%
TAIWAN SEMICONDUCTOR CO., LTD. -3.54% 57.2 End-of-day quote.-8.04%
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED 1.52% 601 End-of-day quote.13.40%
All news about TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED
01/15Trump's China tech war backfires on automakers as chips run short
RE
01/15MARKET CHATTER : Taiwanese Chipmaker TSMC Raises Projected Capital Spending by 6..
MT
01/15Nikkei eases from over 30-year high; tech gains cap declines
RE
01/15MARKET CHATTER : Chip Supply Crunch to Continue Weighing on Chinese Auto Product..
MT
01/15Japan's Nikkei pulls back from 3-decade high, but tech stocks march ahead
RE
01/15TSMC shares rise more than 5% after record high quarterly results
RE
01/14Tech Down On Rotation Into Other Sectors -- Tech Roundup
DJ
01/14Wall Street rises as stimulus hopes counter bleak jobs data
RE
01/14EUROPE : European stocks extend gains for third day, political woes hit Italy
RE
01/14The earnings season picks up steam
More news
Financials
Sales 2020 1 341 B 47 908 M 47 908 M
Net income 2020 512 B 18 310 M 18 310 M
Net cash 2020 393 B 14 046 M 14 046 M
P/E ratio 2020 30,4x
Yield 2020 1,78%
Capitalization 15 584 B 557 B 557 B
EV / Sales 2020 11,3x
EV / Sales 2021 9,95x
Nbr of Employees 48 752
Free-Float 93,6%
Chart TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED
Duration : Period :
Taiwan Semiconductor Manufacturing Company Limited Technical Analysis Chart | MarketScreener
Full-screen chart
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 29
Average target price 718,11 TWD
Last Close Price 601,00 TWD
Spread / Highest target 43,9%
Spread / Average Target 19,5%
Spread / Lowest Target -29,3%
EPS Revisions
Managers and Directors
NameTitle
Che Chia Wei Vice Chairman & Chief Executive Officer
Te Yin Liu Chairman
J. K. Wang Senior Vice President-Operations
Li Mei Ho Senior Vice President-Europe & Asia Sales
Jen Chao Huang Chief Financial Officer
Sector and Competitors
1st jan.Capitalization (M$)
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED13.40%556 796
NVIDIA CORPORATION-1.50%318 401
INTEL CORPORATION18.93%235 963
BROADCOM INC.1.83%181 333
QUALCOMM INCORPORATED5.59%177 669
TEXAS INSTRUMENTS3.08%155 307