China firms eyeing close partnerships with TSMC

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Monica Chen, Hsinchu; Jessie Shen, DIGITIMES Asia

Friday 29 April 2022

Taiwan Semiconductor Manufacturing Company
Taiwan Semiconductor Manufacturing Company Limited (TSMC), established in 1987 with its headquarters and main operations located in the Hsinchu Science Park in Hsinchu, Taiwan, is best known for dedicated semiconductor foundry business, which is the manufacturer of integrated circuits (ICs) for customers based on their own or third parties' IC designs.

The company offers a range of wafer fabrication processes, including embedded non-volatile memory process, embedded dynamic random access memory (DRAM) process, mixed signal/ radio frequency (RF) process, high voltage process, complementary metal-oxide semiconductor (CMOS) image sensor process, color filter process, micro electro-mechanical system (MEMS) process and silicon germanium process, among others.

The Company's chips are used in computer products, communications products and consumer electronic products. Various fabless high-tech companies such as Qualcomm, Altera, Broadcom, Conexant, Marvell, NVIDIA, and VIA are customers of TSMC.
Performance

The company's stock price closed at NT$516 on the TSE on Friday, August 5, 2022.

The company has reported consolidated revenues of NT$175,874 million for June 2022, representing a 5.3% drop on month and 18.5% increase on year.

For the first quarter of 2022, the company totaled NT$491,076 million in consolidated revenues, up 12.1% sequentially and up 35.5% on year.

Brief

Full name: Taiwan Semiconductor Manufacturing Company
Chinese name: 台灣積體電路製造股份有限公司
Short name: TSMC
Arconym: TSMC
Stock code: 2330
Country: Taiwan
Tax ID: 22099131
Market: TSE
Established: 21 Feb 1987
Paid in capital: NT$259.30 billion
Listed on TSE: 5 Sep 1994
Website: www.tsmc.com
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Latest stock

TSMC [2330] historical stock price (NT$)
Date	Volume (k)	Transactions	Value	Open	High	Low	Close	Change		Ask	Bid
8-Aug	19,658	18,124	10,065,258,827	510.00	515.00	509.00	512.00	-4.00	-0.78%	512.00	513.00
5-Aug	34,496	49,925	17,681,845,562	509.00	516.00	507.00	516.00	+16.00	+3.20%	515.00	516.00
4-Aug	26,468	27,171	13,219,192,647	499.00	503.00	495.00	500.00	-1.00	-0.20%	499.50	500.00
3-Aug	27,987	25,568	13,903,200,296	494.00	501.00	493.00	501.00	+9.00	+1.83%	500.00	501.00
2-Aug	41,209	63,867	20,252,794,477	494.00	496.00	488.50	492.00	-12.00	-2.38%	491.50	492.00
1-Aug	24,596	26,786	12,371,081,801	506.00	508.00	500.00	504.00	-5.00	-0.98%	503.00	504.00

Source: TSE, compiled by Digitimes

Latest sales

TSMC: Consolidated revenues, Jun 2021 - Jun 2022 (NT$m)
Month	Sales	M/M	Y/Y	YTD	Y/Y
Jun-22	175,874	(5.3%)	18.5%	1,025,217	39.6%
May-22	185,705	7.6%	65.3%	849,343	44.9%
Apr-22	172,561	0.4%	55%	663,637	40.1%
Mar-22	171,967	17%	33.2%	491,076	35.5%
Feb-22	146,933	(14.7%)	37.9%	319,109	36.8%
Jan-22	172,176	10.8%	35.8%	172,176	35.8%
Dec-21	155,382	4.8%	32.4%	1,587,415	18.5%
Nov-21	148,268	10.2%	18.7%	1,432,033	17.2%
Oct-21	134,539	(11.9%)	12.8%	1,283,765	17%
Sep-21	152,685	11.1%	19.7%	1,149,226	17.5%
Aug-21	137,427	10.3%	11.8%	996,540	17.2%
Jul-21	124,558	(16.1%)	17.6%	859,113	18.1%
Jun-21	148,471	32.1%	22.8%	734,555	18.2%

*Figures are consolidated
Source: TSE, compiled by DIGITIMES Asia, August 2022

TSMC: Consolidated revenues, 1Q21 - 1Q22 (NT$m)
Quarter	Sales	Q/Q	Y/Y	YTD	Y/Y
1Q-22	491,076	12.1%	35.5%	491,076	35.5%
4Q-21	438,189	5.7%	21.2%	1,587,415	18.5%
3Q-21	414,670	11.4%	16.3%	1,149,226	17.5%
2Q-21	372,145	2.7%	19.8%	734,555	18.2%
1Q-21	362,410	0.2%	16.7%	362,410	16.7%

*Figures are consolidated
Source: TSE, compiled by DIGITIMES Asia, August 2022

Latest balance sheet and income statement

TSMC: Consolidated balance sheet, 1Q21 - 1Q22 (NT$k)
Item	1Q-2022	4Q-2021	3Q-2021	2Q-2021	1Q-2021
Current assets	1,722,237,632	1,607,072,907	1,370,639,169	1,241,104,023	1,139,786,823
Intangible assets	25,620,051	26,821,697	25,643,914	26,535,043	25,012,688
Non-current assets	2,270,439,035	2,118,430,548	1,961,672,715	1,851,711,166	1,779,344,638
Assets	3,992,676,667	3,725,503,455	3,332,311,884	3,092,815,189	2,919,131,461
Current liabilities	822,867,707	739,503,358	655,621,450	647,748,947	661,648,612
Non-current liabilities	848,340,206	815,266,892	598,370,124	451,095,669	316,485,887
Liabilities	1,671,207,913	1,554,770,250	1,253,991,574	1,098,844,616	978,134,499
Stockholders' equity	2,321,468,754	2,170,733,205	2,078,320,310	1,993,970,573	1,940,996,962

*Figures are consolidated
Source: TSE, compiled by DIGITIMES Asia, August 2022

TSMC: Consolidated income statement, 1Q21 - 1Q22 (NT$k)
Item	1Q-2022		4Q-2021		3Q-2021		2Q-2021		1Q-2021
Item	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales
Operating revenue	491,075,873		438,189,306		414,670,379		372,145,122		362,410,230
Gross profit (loss) from operations	273,203,166	55.6%	230,679,228	52.6%	212,848,684	51.3%	186,234,135	50%	189,775,219	52.4%
Operating expenses	48,611,190	9.9%	47,877,762	10.9%	41,649,916	10%	40,583,423	10.9%	39,111,833	10.8%
Operating income (loss)	223,790,118	45.6%	182,771,954	41.7%	171,003,548	41.2%	145,667,205	39.1%	150,538,190	41.5%
Non-operating expenses and losses	3,041,578	0.6%	2,047,257	0.5%	2,848,091	0.7%	3,723,870	1%	4,526,199	1.2%
Income from continuing operations before income tax	226,831,696	46.2%	184,819,211	42.2%	173,851,639	41.9%	149,391,075	40.1%	155,064,389	42.8%
Net income (loss)	202,873,374	41.3%	166,373,515	38%	156,479,154	37.7%	134,481,716	36.1%	139,738,749	38.6%
Diluted earnings per share (NT$)	7.8		6.4		6		5.2		5.4

*Figures are consolidated
Source: TSE, compiled by DIGITIMES Asia, August 2022

Taiwan Semiconductor Manufacturing Company full profile

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