Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     

TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED

(2330)
  Report
End-of-day quote Taiwan Stock Exchange  -  2022-12-06
475.00 TWD   -0.63%
12:07pGlobal markets live: Glencore, Apple, Netflix, Tesla, Amazon...
MS
09:06aMarketScreener's World Press Review: December 7
MS
06:20aNorth American Morning Briefing: Stocks to Struggle Again as Growth Worries Linger
DJ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Italy and Intel pick Veneto as preferred region for new chip plant - sources

09/26/2022 | 03:13am EST

(Repeats story published on Sept. 25, no changes to text)

*

Intel to build advanced packaging and assembly site in Italy

*

Draghi's successor to have a say before any deal is finalised

*

The Italian plant would create up to 5,000 jobs, Intel said

ROME, Sept 25 (Reuters) - Mario Draghi's outgoing government and Intel have picked the town of Vigasio in the northeastern Veneto region as their preferred site for a new multibillion-euro chip factory in Italy, two people familiar with the matter said.

Intel's investment in Italy is part of a wider plan announced by the U.S. chipmaker last March to invest as much as 80 billion euros ($77.5 billion) over the next decade in building capacity across Europe.

With an initial investment worth some 4.5 billion euros expected to rise over time, Intel has said the Italian plant would create 1,500 jobs plus an additional 3,500 jobs across suppliers and partners, with operations to start between 2025 and 2027.

The Italian factory would be an advanced semiconductor packaging and assembly plant, using new technologies to weave together full chips out of tiles.

Asking not to be named due to the sensitivity of the matter, the sources said that the parties had detailed a comprehensive agreement in early September, but no public announcement would be made before the outcome of Sunday's general election.

A spokesperson for Intel did not comment as negotiations are ongoing and confidential. Draghi's office also declined to comment.

Located near Verona, on the strategic Brenner motorway and railway, Vigasio is the preferred option from a shortlist of two sites which also includes one in the northwestern Piedmont region.

Among other reasons, the site is well connected with Germany and in particular with the city of Magdeburg, where Intel will build two factories, one of the sources added.

Intel and the government had also initially considered sites in the Lombardy, Apulia and Sicily regions.

Draghi's close aides aim to enter into behind-the-scenes negotiations with their likely successors to avoid any risk the deal might be challenged by Italy's new government, the people said, adding the choice for the site is highly sensitive politically.

Opinion polls have all predicted that Giorgia Meloni's nationalist Brothers of Italy group will emerge as the leading party on Sunday and share power with its allies the League, headed by Matteo Salvini, and Silvio Berlusconi's Forza Italia.

The sources declined to provide further details, but Reuters has previously reported that Rome is ready to fund as much as 40% of Intel's total investment in Italy.

The state contribution to Intel's investment programme is something that must necessarily be shared with the next government before any deal is eventually formalised, one of the sources said, adding Draghi could let the next government make the announcement.

To boost domestic chipmaking, Rome is also in talks with French-Italian STMicroelectronics, Taiwan chipmakers MEMC Electronic Materials Inc and TSMC, and Israeli Tower Semiconductor, which Intel bought earlier this year. ($1 = 1.0320 euros) (Additional reporting by Valentina Za and Elvira Pollina; editing by David Evans)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
INTEL CORPORATION -0.84% 28.36 Delayed Quote.-43.36%
MSCI TAIWAN (STRD) -0.67% 526.843 Real-time Quote.-26.78%
STMICROELECTRONICS N.V. -1.59% 35.66 Real-time Quote.-16.45%
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED -0.63% 475 End-of-day quote.-22.76%
TOWER SEMICONDUCTOR LTD. -0.36% 44.71 Delayed Quote.12.78%
All news about TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED
12:07pGlobal markets live: Glencore, Apple, Netflix, Tesla, Amazon...
MS
09:06aMarketScreener's World Press Review: December 7
MS
06:20aNorth American Morning Briefing: Stocks to Struggle Again as Growth Worries L..
DJ
03:56aTaiwan November exports plunge, outlook poor
RE
01:54aTSMC to Build 1 Nanometer Wafer Fab in Hsinchu Science Park
MT
01:31aTsmc triples investment in the us to $40bn
AQ
12:11aBiden touts TSMC's Arizona plant as big U.S. win
RE
12/06Taiwan seeks to reassure on TSMC commitment to island despite U.S. investment
RE
12/06Biden hails Taiwanese chip company's U.S. investment
RE
12/06Tech Down Sharply as Meta Slides on Regulatory Concerns -- Tech Roundup
DJ
More news
Analyst Recommendations on TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED
More recommendations
Financials
Sales 2022 2 273 B 74 132 M 74 132 M
Net income 2022 1 006 B 32 820 M 32 820 M
Net cash 2022 513 B 16 750 M 16 750 M
P/E ratio 2022 12,2x
Yield 2022 2,46%
Capitalization 12 317 B 402 B 402 B
EV / Sales 2022 5,19x
EV / Sales 2023 4,79x
Nbr of Employees 65 152
Free-Float 93,6%
Chart TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED
Duration : Period :
Taiwan Semiconductor Manufacturing Company Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 31
Last Close Price 475,00 TWD
Average target price 620,14 TWD
Spread / Average Target 30,6%
EPS Revisions
Managers and Directors
Che Chia Wei Vice Chairman & Chief Executive Officer
Fan Cheng Tseng Vice Chairman & President
Wendell Huang Chief Financial Officer & Vice President
Te Yin Liu Chairman
Yung Ching Hou SVP-Corporate Research-Europe & Asia
Sector and Competitors
1st jan.Capi. (M$)
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED-22.76%404 435
NVIDIA CORPORATION-45.64%393 440
BROADCOM INC.-20.25%212 961
TEXAS INSTRUMENTS-5.88%158 226
QUALCOMM, INC.-34.50%134 273
INTEL CORPORATION-43.36%118 032