|Bid||50.41 x 2200|
|Ask||50.46 x 1000|
|Day's range||49.86 - 50.73|
|52-week range||37.66 - 60.64|
|Beta (5Y monthly)||0.71|
|PE ratio (TTM)||22.57|
|Forward dividend & yield||2.85 (5.66%)|
|Ex-dividend date||18 Jun 2020|
|1y target est||53.03|
In the latest trading session, TSMC (TSM) closed at $50.33, marking a +0.1% move from the previous day.
Chinese tech giant Huawei, one of the world's leading manufacturers of telecom equipment, networking hardware, and smartphones, has been repeatedly slammed by the Trump administration's trade war against China. Last year, the U.S. Department of Commerce placed Huawei on an "Entity List," a group of firms that American companies cannot offer their technologies to without a special license. Earlier this year, it expanded that licensing requirement to all non-U.S. chipmakers that use American chipmaking equipment, intellectual property, and design software.
Applied Materials (NASDAQ: AMAT) had to pull its quarterly guidance in March, as the novel coronavirus outbreak disrupted tech supply chains thanks to shelter-in-place orders and lockdowns initiated across the globe to contain the spread. The company said that COVID-19 created substantial challenges across its "supply chain, manufacturing operations and logistics," erasing nearly $650 million in potential sales in its semiconductor systems business during the quarter. Despite these challenges, Applied Materials put up a solid performance and also met its dividend commitments at a time when several big names have been reducing or suspending payouts.
TSMC (TSM) closed the most recent trading day at $49.80, moving -1.87% from the previous trading session.
TSMC (NYSE: TSM), the world's largest contract chipmaker, recently announced plans to build a new $12 billion plant in Arizona by 2024. The announcement might seem like good news for Taiwan-based TSMC and Arizona, but it also indicates the company is becoming entangled in the escalating trade war. Let's see how this deal could affect TSMC's business, and whether or not it's becoming a pawn in the messy tech war between the U.S. and China.
Democratic lawmakers on Tuesday urged the Trump administration to answer "serious questions" about Taiwan Semiconductor Manufacturing Co Ltd's plans to build a U.S.-based $12 billion plant, flagging national security concerns and potentially undisclosed subsidies. TSMC, the world's biggest contract chipmaker and supplier to U.S. tech giants such as Apple Inc, announced the project last week, in a move trumpeted by Commerce Secretary Wilbur Ross as signaling a "renaissance in American manufacturing" fueled by President Donald Trump. In a letter addressed Tuesday to Ross and Defense Secretary Mark Esper, top Senate Democrat Chuck Schumer and two colleagues said they "strongly support" efforts by the administration to "on-shore" semiconductor plants in the United States.
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Huawei said on Monday that new US sanctions will put its survival at stake. “When they first blacklisted Huawei in May last year, it was a big political signal but the effect was limited,” said an executive at a Taiwanese computer chip company. On Friday the US commerce department said it would amend last year’s blacklisting to stop Huawei and its affiliates from buying computer chips that had been made or designed with US equipment.
Taiwan Semiconductor Manufacturing Co. appears to be the latest pawn in the Sino-U.S. tussle as it is becoming increasingly difficult for the company to remain neutral.
Taiwan Semiconductor Manufacturing, Chipotle, Activision Blizzard, Glu Mobile and Zynga highlighted as Zacks Bull and Bear of the Day
Taiwanese Semiconductor Manufacturing Co., the world’s largest contract semiconductor maker, has stopped taking new orders from Huawei Technologies, one of its largest customers, according to the Nikkei Asian Review. The report said the decision was made to comply with new United States export controls, announced last Friday, that are meant to make it more difficult for Huawei to obtain chips produced using U.S. technology, including manufacturing equipment. Huawei, the world’s largest telecom equipment maker, is TSMC’s second-biggest customer after Apple.
The orders which TSMC took before the new ban and those already in production are not impacted and could continue to proceed if those chips could be shipped before mid-September, according to the report. TSMC, the world's biggest contract chipmaker and a key Huawei supplier, had announced plans to build a U.S.-based plant on Thursday and on Friday added it was "following the U.S. export rule change closely". Huawei declined to comment, while TSMC said it does not disclose order details and added the report was "purely market rumour".
Shanghai-based chip maker Semiconductor Manufacturing International Corp has secured an investment worth $2.2 billion dollars from Chinese state investors, the company announced on Friday. The funding was revealed on the same day that the United States announced new restrictions on Chinese tech company Huawei Technologies that would further impact its ability to source chips made with American technology. According to SMIC's announcement, a number of vehicles under China's so-called "Big Fund," a government-backed money pool for funding domestic chip companies, will jointly make the investment in one of SMIC's plants.
The world's largest contract chipmaker, Taiwan Semiconductor (NYSE: TSM), announced last week that is expanding its manufacturing footprint within the U.S., in line with rumors that surfaced in recent days. The new facility will be built in Arizona, and TSMC says it received support for the project from the U.S. federal government as well as the State of Arizona. The chip fabrication plant will use TSMC's 5-nanometer process technology and be capable of producing 20,000 semiconductor wafers per month.
Taiwan Semiconductor Manufacturing Co Ltd, which unveiled a $12 billion investment plan in Arizona on Friday, has not been given any assurances that it will be granted a license to allow it to sell U.S. technology to China's Huawei, a senior U.S. official said. TSMC, the world's biggest contract chipmaker, announced its plans on Friday just hours before the Trump administration outlined a proposal to amend tech export rules that could restrict TSMC's sales to Huawei, which is blacklisted by the United States because it is considered a national security threat.
The largest third-party chip foundry in the world is putting a cutting-edge facility on American soil for the first time in two decades.
The Commerce Department has amended an export rule to stop Huawei from what it says is undermining national security.
Taiwan Semiconductor Manufacturing Co. is Silicon Valley's go-to chip manufacturer, and its strategic Arizona plant will manufacture cutting-edge 5 nm transistors