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MarketScreener Homepage  >  Equities  >  Taiwan Stock Exchange  >  Taiwan Semiconductor Manufacturing Company Limited    2330   TW0002330008

TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED

(2330)
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End-of-day quote. End-of-day quote Taiwan Stock Exchange - 10/23
452 TWD   -0.66%
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10/16TAIWAN SEMICONDUCTOR MANUFACTURING : TSMC Reports Third Quarter EPS of NT$5.30
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Taiwan Semiconductor Manufacturing : pledges deeper U.S. ties as Chinese jets harry island

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09/18/2020 | 08:18pm EDT

TAIPEI, Sept 19 (Reuters) - Taiwan President Tsai Ing-wen pledged deeper ties with the United States at a dinner for a visiting senior State Department official, on the same day China sent 18 fighter jets to harry the island to express its anger at the trip.

China had earlier on Friday announced combat drills and denounced what it called collusion between the island, which it claims as part of its territory, and the United States. Taiwan scrambled its air force in response.

U.S. Undersecretary for Economic Affairs Keith Krach arrived in Taipei on Thursday for a three-day visit, the most senior State Department official to come to Taiwan in four decades.

Hosting a dinner for Krach and his team at her official residence, Tsai thanked him for coming to attend Saturday's memorial service for late President Lee Teng-hui, the father of Taiwan's democracy, the presidential office said in a statement late Friday.

"I hope that Taiwan and the United States continue to work together to promote peace, stability, prosperity, and development in the Indo-Pacific, positively impacting the region," it cited Tsai as saying.

Taiwan-U.S. relations have made substantive progress in recent years, "with increasingly close interaction", she added.

"I hope that we are able to engage on even more issues and expand our bilateral cooperation, enhancing our relationship as trusted partners and building a solid foundation for the future."

Taiwan is committed to deepening economic cooperation with the United States, Tsai said.

The statement made no mention of the Chinese drills.

Taiwan has been angling to sign a free trade deal with the United States, and has been keen to show Washington the economic benefits Taiwan can bring it.

In May, Taiwan Semiconductor Manufacturing Co Ltd, the world's biggest contract chipmaker, said it plans to build a $12 billion factory in Arizona in an apparent win for the Trump administration's efforts to wrestle global tech supply chains back from China.

TSMC's retired founder Morris Chang attended Tsai's dinner with Krach, and appeared prominently in pictures of the event put out by the presidential office. (Reporting by Ben Blanchard; Editing by Daniel Wallis)


Stocks mentioned in the article
ChangeLast1st jan.
TAIWAN SEMICONDUCTOR CO., LTD. 0.00% 48.25 End-of-day quote.-9.98%
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED -0.66% 452 End-of-day quote.36.56%
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All news about TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED
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Financials
Sales 2020 1 342 B 46 867 M 46 867 M
Net income 2020 512 B 17 892 M 17 892 M
Net cash 2020 405 B 14 143 M 14 143 M
P/E ratio 2020 22,9x
Yield 2020 2,37%
Capitalization 11 721 B 409 B 409 B
EV / Sales 2020 8,43x
EV / Sales 2021 7,58x
Nbr of Employees 48 752
Free-Float 93,6%
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Technical analysis trends TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 521,69 TWD
Last Close Price 452,00 TWD
Spread / Highest target 54,9%
Spread / Average Target 15,4%
Spread / Lowest Target -15,9%
EPS Revisions
Managers
NameTitle
Che Chia Wei Vice Chairman & Chief Executive Officer
Te Yin Liu Chairman
J. K. Wang Senior Vice President-Operations
Jen Chao Huang Chief Financial Officer
Renzhao Huang Chief Financial Officer
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