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 : U.S. Commerce Dept. presses Taiwan for more chips to automakers

05/05/2021 | 01:39am EDT
FILE PHOTO: Logo of Taiwan Semiconductor Manufacturing Co (TSMC), in Hsinchu

WASHINGTON (Reuters) - The U.S. Commerce Department is pressing Taiwan Semiconductor Manufacturing Co Ltd and other Taiwanese firms to prioritise the needs of U.S. automakers to ease chip shortages in the near term, Commerce Secretary Gina Raimondo said.

Raimondo told a Council of the Americas event on Tuesday that longer term, increased investment was needed to produce more semiconductors in the United States and that other critical supply chains needed re-shoring, including to allied countries.

"We're working hard to see if we can get the Taiwanese and TSMC, which is a big company there, to, you know, prioritize the needs of our auto companies since there's so many American jobs on the line," Raimondo said in response to a question from a General Motors Co executive.

"As I said, there's not a day goes by that we don't push on that," she said, adding the medium- and long-term solution would be "simply making more chips in America."

On Wednesday, TSMC said that tackling the shortage remained its top priority.

"TSMC has been working with all parties to alleviate the automotive chip supply shortage, we understand it is a shared concern of the worldwide automotive industry," it said in a statement to Reuters.

Last month, Chief Executive C C Wei said TSMC had worked with customers since January to reallocate more capacity to support the auto industry, but the shortage worsened due to a snowstorm in Texas and a fab manufacturing disruption in Japan.

Wei expected the chip shortage for the firm's auto clients to be greatly reduced from the next quarter.

Taiwan Economy Minister Wang Mei-hua told lawmakers in Taipei that many countries had sought help from the government and TSMC.

"However, TSMC has a commercial mechanism and must comply with commercial norms," she said on Wednesday, without elaborating.

The Commerce Department plans a meeting with automakers next week on the chip shortage issue, said officials briefed on the matter. A Commerce Department spokesman declined to comment.

United Auto Workers Legislative Director Josh Nassar said in written testimony for a U.S. House hearing on Wednesday that the chip shortage had brought layoffs of "tens of thousands of workers."

He added, "Clearly, we need to bolster domestic production of automotive-quality semiconductors."

Last week, Ford Motor Co warned the chip shortage might slash second-quarter production by half, costing it about $2.5 billion and about 1.1 million units of lost production in 2021.

On Friday, GM said it would extend production halts at several North American factories because of the shortage.

On April 12, President Joe Biden convened semiconductor and auto industry executives to discuss solutions to the crisis. He backs $50 billion to support U.S. chip making and research.

(Reporting by David Lawder and David Shepardson in Washington; Additional reporting by Ben Blanchard, Yimou Lee and Jeanny Kao in Taipei; Editing by Stephen Coates and Clarence Fernandez)

By David Lawder and David Shepardson


© Reuters 2021
All news about TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED
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
05/04U.s. commerce secretary raimondo says working to see if taiwan semiconductor ..
RE
05/04Global markets live: Verizon, Pandora, HelloFresh...
05/04WALL STREET STOCK EXCHANGE : The improving picture is fueling sector rotation
More news
Financials
Sales 2021 1 574 B 56 311 M 56 311 M
Net income 2021 592 B 21 174 M 21 174 M
Net cash 2021 253 B 9 051 M 9 051 M
P/E ratio 2021 25,6x
Yield 2021 1,84%
Capitalization 15 169 B 542 B 543 B
EV / Sales 2021 9,48x
EV / Sales 2022 8,26x
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 585,00 TWD
Spread / Highest target 53,8%
Spread / Average Target 25,3%
Spread / Lowest Target -20,5%
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 LIMITED10.38%547 121
NVIDIA CORPORATION10.75%357 279
INTEL CORPORATION14.21%229 762
BROADCOM INC.1.53%181 507
TEXAS INSTRUMENTS9.08%165 338
QUALCOMM, INC.-11.96%151 287