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TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED

(2330)
  Report
End-of-day quote Taiwan Stock Exchange  -  2022-11-27
480.50 TWD   -3.51%
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Taiwan says chip companies in talks about Europe investment

09/28/2022 | 05:57am EST
Logo of Taiwan Semiconductor Manufacturing Co (TSMC), in Hsinchu

TAIPEI (Reuters) - Some Taiwanese chip companies are in talks with European countries about investments there, a government minister said on Wednesday, adding the administration was "pleased" to see efforts by local companies to work with democratic allies.

The European Union has been courting Taiwan, a major semiconductor producer, as one of the "like-minded" partners it would like to work with under the European Chips Act unveiled in February.

While Taiwan and the EU held-high level trade talks in June, less than a week after that meeting Taiwan Semiconductor Manufacturing Co Ltd (TSMC) said it had no concrete plans for factories in Europe.

TSMC, the world's largest contract chipmaker and Asia's most valuable listed company, flagged last year that it was in the early stages of reviewing a potential expansion into Germany but there appears to have been no substantive progress since then.

"To my knowledge, the European Commission and member states are talking to some of our companies, which is purely a commercial decision for the companies to make," Taiwan Deputy Economy Minister Chen Chern-chyi told reporters in Taipei, responding to a question on potential Taiwanese chip investment in Europe. However, he did not name any firms.

"From the government's perspective we are pleased to see our companies deploy globally and with our democratic allies, as long as we share the same values we like to form a trusted partnership," added Chen, whose portfolio covers economic relations with Europe.

Sitting next to him, Filip Grzegorzewski, the EU's de facto ambassador in Taiwan, said he was pleased to hear a government minister encouraging Taiwanese investment in Europe.

"It's one of the highlights of my stay in Taiwan when I hear a representative of a Taiwanese government at a press conference encouraging Taiwanese companies to 'go Europe', to invest in Europe."

(Reporting by Ben Blanchard; Editing by Raju Gopalakrishnan)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
MSCI TAIWAN (STRD) -2.55% 519.855 Real-time Quote.-28.12%
TAIWAN SEMICONDUCTOR CO., LTD. 2.11% 82.2 End-of-day quote.4.58%
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED -3.51% 480.5 End-of-day quote.-21.87%
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Analyst Recommendations on TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED
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Financials
Sales 2022 2 272 B 73 277 M 73 277 M
Net income 2022 1 006 B 32 431 M 32 431 M
Net cash 2022 510 B 16 435 M 16 435 M
P/E ratio 2022 12,6x
Yield 2022 2,46%
Capitalization 12 460 B 402 B 402 B
EV / Sales 2022 5,26x
EV / Sales 2023 4,86x
Nbr of Employees 65 152
Free-Float 93,6%
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Technical analysis trends TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 32
Last Close Price 480,50 TWD
Average target price 629,04 TWD
Spread / Average Target 30,9%
EPS Revisions
Managers and Directors
Che Chia Wei Vice Chairman & Chief Executive Officer
Fan Cheng Tseng Vice Chairman & President
Wendell Huang Chief Financial Officer & Vice President
Te Yin Liu Chairman
Yung Ching Hou SVP-Corporate Research-Europe & Asia
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