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

TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED

(2330)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Taiwan Semiconductor Manufacturing : Chipmaker TSMC eyeing expansion of planned Arizona plant -sources

05/04/2021 | 07:24pm EDT
FILE PHOTO: FILE PHOTO: A logo of Taiwan Semiconductor Manufacturing Co (TSMC) is seen at its headquarters in Hsinchu

TAIPEI, May 4 (Reuters) - Taiwan Semiconductor Manufacturing Co Ltd (TSMC) is planning to build several more chipmaking factories in the U.S. state of Arizona beyond the one currently planned, three people familiar with the matter told Reuters.

TSMC, the world's largest contract chipmaker, announced in May 2020 it would build a $12 billion factory in Arizona, an apparent win by the Trump administration in its push to wrestle global tech supply chains back from China.

TSMC is setting up a 12-inch wafer fabrication plant in Phoenix, and the facility is expected to start volume production in 2024, Taiwan's investment commission of the ministry of economic affairs, which approved the investment, said in December.

TSMC manufactures the bulk of its chips in Taiwan and has older chip facilities in China and the U.S. state of Washington.

Three sources familiar with the matter, speaking on condition of anonymity as they were not authorized to speak to the media, told Reuters that up to five additional fabs for Arizona are being planned.

The initial fab is relatively modest by industry standards, with a planned output of 20,000 wafers - each of which contains thousands of chips - every month using the company's most sophisticated 5 nanometre semiconductor manufacturing technology.

It is not clear how much additional production capacity and investment the additional fabs might represent, and which chip manufacturing technology they would use.

TSMC last month said it planned to invest $100 billion over the next three years to increase production capacity, though it did not give details.

One person with direct knowledge of the matter told Reuters the expansion was in response to a request from the U.S., but declined to provide further details.

"The United States requested it. Internally TSMC is planning to build up to six fabs," the person said, adding that it was not possible to give a timeframe.

The Biden administration is preparing to spend tens of billions of dollars to support domestic chip manufacturing. Under existing legislation, foreign firms are eligible for those funds, but whether they will ultimately receive it is an open question.

A second person familiar with the plans said the company had already made sure there was enough space for expansion when they obtained the land for the first plant.

"It's so they can build six fabs," the source said.

The third person, from a TSMC supplier involved in the Arizona project, said TSMC had told them the plan was to build a total of six fabs over the next three years.

Reuters was not able to independently confirm the timeframe.

TSMC referred to comments by CEO C.C. Wei on an earnings call last month, saying the company was starting chip production in Arizona in 2024 with a 20,000 wafer per month 5-nanometer technology.

"But in fact, we have acquired a large piece of land in Arizona to provide flexibility. So further expansion is possible, but we will ramp up to Phase 1 first, then based on the operation efficiency and cost economics and also the customers' demand, to decide what the next steps we are going to do."

Asked whether the planned expansion was because of a request from the United States, TSMC said it was "not sure" what was meant by "requests" coming from the U.S. side and that it will decide next steps based on operational efficiency, cost economics and customer demand.

"Once there is any official decision, we will disclose it accordingly." (Reporting by Taipei newsroom and Yimou Lee; Writing by Ben Blanchard; Editing by Gerry Doyle, Kirsten Donovan)


© Reuters 2021
All news about TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED
05/07TAIWAN SEMICONDUCTOR MANUFACTURING  : April exports rocket up on tech demand, ou..
RE
05/06Chip crisis to eat into Volkswagen's second quarter profits
RE
05/06Chip crisis to eat into Volkswagen's Q2 profits
RE
05/05MARKET CHATTER : US Calls on Taiwan's Chipmakers to Prioritize US Automakers
MT
05/05TAIWAN SEMICONDUCTOR MANUFACTURING  : Facing chips shortage, Biden may shelve bl..
RE
05/05TAIWAN SEMICONDUCTOR MANUFACTURING  : U.S. Commerce Dept. presses Taiwan for mor..
RE
05/05MARKET CHATTER : Chip Giant TSMC Mulls Expansion in Arizona Amid Supply Crunch
MT
05/04TAIWAN SEMICONDUCTOR MANUFACTURING  : Chipmaker TSMC eyeing expansion of planned..
RE
05/04U.S. Commerce Dept. pressing Taiwan to supply more chips to U.S. automakers
RE
05/04TAIWAN SEMICONDUCTOR MANUFACTURING  : U.S. Commerce Dept pressing Taiwan to supp..
RE
More news
Financials
Sales 2021 1 574 B 56 738 M 56 738 M
Net income 2021 592 B 21 334 M 21 334 M
Net cash 2021 253 B 9 120 M 9 120 M
P/E ratio 2021 26,2x
Yield 2021 1,80%
Capitalization 15 532 B 559 B 560 B
EV / Sales 2021 9,71x
EV / Sales 2022 8,46x
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
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 29
Average target price 732,81 TWD
Last Close Price 599,00 TWD
Spread / Highest target 50,3%
Spread / Average Target 22,3%
Spread / Lowest Target -22,4%
EPS Revisions
Managers and Directors
NameTitle
Che Chia Wei Vice Chairman & Chief Executive Officer
Li Mei Ho Senior Vice President-Europe & Asia Sales
Jen Chao Huang Chief Financial Officer
Renzhao Huang Chief Financial Officer
Te Yin Liu Chairman
Sector and Competitors
1st jan.Capitalization (M$)
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED13.02%558 595
NVIDIA CORPORATION13.46%368 756
INTEL CORPORATION15.76%232 871
BROADCOM INC.3.36%184 789
TEXAS INSTRUMENTS14.40%173 401
QUALCOMM, INC.-9.51%155 495