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
End-of-day quote. End-of-day quote Taiwan Stock Exchange - 01/22
649 TWD   -3.57%
04:50aGermany urges Taiwan to help ease auto chip shortage
RE
02:34aTaiwan says asking chip firms to help ease auto chip shortage
RE
01/22Samsung Eyes Up to $17 Billion U.S. Chip-Plant Investment
DJ
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

REFILE-SMIC founder says 'optimistic' China can catch up with U.S. in semiconductors

08/05/2020 | 03:33am EST

SHANGHAI, Aug 5 (Reuters) - The founder of China's largest chipmaker SMIC said on Tuesday he was "optimistic" China could catch up with the United States in the next generation of semiconductors but that U.S. efforts to contain its technology sector could not be taken "lightly".

Richard Chang, also the former CEO of Semiconductor Manufacturing International Corp (SMIC), told a livestream forum that persistent research and development as well as investment in new raw materials would enable China to compete, according to an official transcript on Wednesday.

The comments come as Washington and Beijing continue to spar over Huawei Technologies Co Ltd, which has brought new urgency to China's calls to improve its domestic chip industry.

"I am optimistic and believe we can catch up," Chang said in a rare appearance at the forum, organized by China Securities.

He said that while China's talent base was a "weakness" in the short-term, the country had made "great progress" in manufacturing raw materials and remained a leader in next generation super-fast 5G technology.

"If China maintains its leadership in 5G technology, it can remain far ahead in wireless connectivity, artificial intelligence, and cloud computing, because China already is strong in high-tech applications," Chang said.

The United States and China have been fighting over the alleged national risk posed by the products of Chinese tech giant Huawei for over a year, and relations between the world's two largest economies has deteriorated since the outbreak of the coronavirus.

Chang said that during his time at SMIC in the early 2000's, the U.S. Department of Commerce had been generally supportive of Chinese tech companies, but that now it sees them as its "biggest obstacle."

The U.S. government has cited "national security" as grounds for its restrictions on Huawei. The firm has denied holding any ties to the Chinese government.

Chang founded SMIC with funding from China's government in 2000 as a domestic Chinese rival to Taiwan Semiconductor Manufacturing Corporation. He resigned in 2009. (Reporting by Josh Horwitz and the Shanghai newsroom; editing by Ana Nicolaci da Costa)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION -2.68% 27.25 End-of-day quote.23.30%
TAIWAN SEMICONDUCTOR CO., LTD. 1.89% 54 End-of-day quote.-13.18%
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED -3.57% 649 End-of-day quote.22.45%
All news about TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED
04:50aGermany urges Taiwan to help ease auto chip shortage
RE
02:34aTaiwan says asking chip firms to help ease auto chip shortage
RE
01/22Samsung Eyes Up to $17 Billion U.S. Chip-Plant Investment
DJ
01/22Global chip shortage hits China's bitcoin mining sector
RE
01/22Intel floats possibility of licensing deals but would TSMC and Samsung be int..
RE
01/21Intel Caps Off Difficult Year With Record Sales -- 6th Update
DJ
01/21Intel Caps Off Difficult Year With Record Sales -- 5th Update
DJ
01/21Intel to Stay Mostly Inside -- Heard on the Street
DJ
01/21Intel Caps Off Difficult Year With Record Sales -- 4th Update
DJ
01/21Intel Caps Off Difficult Year With Record Sales -- 3rd Update
DJ
More news
Financials
Sales 2020 1 341 B 47 969 M 47 969 M
Net income 2020 512 B 18 308 M 18 308 M
Net cash 2020 393 B 14 045 M 14 045 M
P/E ratio 2020 32,8x
Yield 2020 1,66%
Capitalization 16 829 B 601 B 602 B
EV / Sales 2020 12,3x
EV / Sales 2021 10,8x
Nbr of Employees 48 752
Free-Float 93,6%
Chart TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED
Duration : Period :
Taiwan Semiconductor Manufacturing Company Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 29
Average target price 720,54 TWD
Last Close Price 649,00 TWD
Spread / Highest target 33,3%
Spread / Average Target 11,0%
Spread / Lowest Target -34,5%
EPS Revisions
Managers and Directors
NameTitle
Che Chia Wei Vice Chairman & Chief Executive Officer
Te Yin Liu Chairman
J. K. Wang Senior Vice President-Operations
Li Mei Ho Senior Vice President-Europe & Asia Sales
Jen Chao Huang Chief Financial Officer
Sector and Competitors
1st jan.Capitalization (M$)
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED22.45%601 437
NVIDIA CORPORATION5.04%339 522
INTEL CORPORATION25.37%230 210
BROADCOM INC.6.21%189 130
QUALCOMM INCORPORATED8.15%183 697
TEXAS INSTRUMENTS5.29%158 630