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TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED

(2330)
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Japan to allocate $5.2 billion to fund chip plants by TSMC, others - Nikkei

11/23/2021 | 08:14am EST
FILE PHOTO: Logo of Taiwan Semiconductor Manufacturing Co (TSMC), in Hsinchu

(Reuters) - Japan will allocate about 600 billion yen ($5.2 billion) from its fiscal 2021 supplementary budget to support advanced semiconductor manufacturers including the world's No. 1 contract chipmaker, Taiwan Semiconductor Manufacturing Co (TSMC), Nikkei reported on Tuesday.

As part of the stimulus package, the Japanese government will invest about 400 billion yen in a new factory to be set up by TSMC in Kumamoto prefecture, southwest Japan, according to Nikkei https://s.nikkei.com/3r01jTF.

TSMC said earlier this month it would build a $7 billion chip plant in Japan with Sony Group Corp, a move that was welcomed by the Japanese government.

The remaining 200 billion yen will go toward setting up other factories with several projects under consideration, including by U.S. memory chipmaker Micron Technology Inc and Japan's Kioxia Holdings, the report said.

Japan's chip-making sector, the world's biggest in the 1980s, has struggled to maintain its competitive edge, going into a steady decline in the past three decades, while rivals such as Taiwanese manufacturers gained ground.

TSMC, Micron and Kioxia did not immediately respond to Reuters' requests for comment.

($1 = 114.9400 yen)

(Reporting by Jahnavi Nidumolu in Bengaluru; Editing by Vinay Dwivedi)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
MICRON TECHNOLOGY, INC. 1.55% 81.97 Delayed Quote.-12.00%
SONY GROUP CORPORATION -6.74% 11770 Delayed Quote.-12.82%
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED -0.78% 636 End-of-day quote.3.41%
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Financials
Sales 2021 1 586 B 57 023 M 57 023 M
Net income 2021 592 B 21 272 M 21 272 M
Net cash 2021 314 B 11 285 M 11 285 M
P/E ratio 2021 27,9x
Yield 2021 1,67%
Capitalization 16 492 B 594 B 593 B
EV / Sales 2021 10,2x
EV / Sales 2022 8,14x
Nbr of Employees 48 752
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Number of Analysts 33
Last Close Price 636,00 TWD
Average target price 845,30 TWD
Spread / Average Target 32,9%
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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 Senior Director-Design Technology Division
J. K. Lin SVP-Information Technology & Materials Management
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