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☆ TSMC beats first-quarter revenue and profit expectations on strong AI chip demand
▼ + stars: | 2024-04-18 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +3 min

A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the TSMC global RnD Center opening ceremony in Hsinchu on July 28, 2023. (Photo by Amber Wang / AFP)Taiwan Semiconductor Manufacturing Company on Thursday beat revenue and profit expectations in the first quarter, thanks to continued strong demand for advanced chips, particularly those used in AI applications. The firm guided first-quarter revenue to be between $18 billion and $18.8 billion. The continued demand for advanced chips, particularly those used in AI applications, is a positive sign for both the short and long term. "TSMC's net profit margin continues to be one of the highest in the company's history at 40%, against an industry average of 14%, demonstrating TSMC's strong competitive position.

Persons: Amber Wang, Brady Wang, TSMC, Grzegorz Drozdz Organizations: Taiwan Semiconductor Manufacturing Company, Center, Nvidia, Apple, Counterpoint Research, Research, Samsung Foundry Locations: Hsinchu, AFP, Taiwan, U.S, Arizona

☆ The world's biggest chipmaker just got hit by an earthquake. That could mean production delays for customers like Apple and Nvidia.
▼ + stars: | 2024-04-03 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

A powerful earthquake in Taiwan forced chip maker TSMC to suspend operations at some sites. That could mean production delays for companies like Apple, which relies on its chips. Worst-case scenario, disruptions to TSMC could mean production delays for its existing products and a later rollout of its new devices. AdvertisementApple and Nvidia didn't immediately return to requests for comment from Business Insider when asked how TSMC's production disruptions would impact their businesses. Analysts say halting production could also damage some of TSMC's most advanced chips, which require maintenance around the clock, further exacerbating production delays.

Persons: —, TSMC, Chris Miller, Nvidia didn't, Bum, Brian Tan, Miller Organizations: Apple, Bloomberg, Service, Taiwan Semiconductor Manufacturing, Nvidia, The New York Times, Business, Citi Group Locations: Taiwan, Hsinchu, United States

☆ The Taiwan earthquake puts the vulnerability of the world's biggest chipmaker on full display
▼ + stars: | 2024-04-03 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

The 7.2-magnitude earthquake shows the vulnerability of TSMC, the world's top chipmaker, to natural or geopolitical events. AdvertisementTaiwan experienced its worst earthquake in 25 years on Wednesday morning, disrupting the operations of companies including Taiwan Semiconductor Manufacturing, or TSMC. It's the world's largest chipmaker and is, by some estimates, the producer of 90% of the world's most advanced processor chips. Overall, a war over Taiwan could hit the world's economy to the tune of $10 trillion — or about 10% of global GDP — Bloomberg forecast. April 3, 6:41 p.m. SGT: An earlier version of this story misstated the magnitude of the earthquake that struck Taiwan.

Persons: —, TSMC Organizations: Taiwan Semiconductor Manufacturing, Service, Bloomberg, — Bloomberg, Taiwan Stock Exchange Locations: Arizona, Japan, Germany, Taiwan, Hsinchu, Beijing, Washington, China

☆ TSMC, the world’s largest chipmaker, to build a second factory in Japan
▼ + stars: | 2024-02-07 | by ( Diksha Madhok | ) edition.cnn.com time to read: +2 min

New Delhi CNN —Chip giant Taiwan Semiconductor Manufacturing Company (TSMC) is upping its output in Japan as it continues to expand its global presence. The world’s largest chipmaker will build a second semiconductor fabrication plant, or fab, in the country in “response to rising customer demand,” TSMC said in a statement Tuesday. Japan Advanced Semiconductor Manufacturing (JASM), a subsidiary majority-owned by TSMC, plans to start construction by the end of 2024, it added. The increased production in Japan comes at a time when the chip maker is facing delays at its project in Arizona. Last year, it announced a factory in Dresden, Germany, its first in Europe.

Persons: ” TSMC, JASM’s, Joe Biden, TSMC Organizations: New, New Delhi CNN, Taiwan Semiconductor Manufacturing Company, Semiconductor Manufacturing, TSMC, Toyota, Sony, SONY, US, Apple, Nvidia Locations: New Delhi, Japan, Arizona, Hsinchu, Taiwan, Dresden, Germany, Europe

☆ TSMC delays its $40 billion chip project in Arizona, now to be completed in 2027 or 2028
▼ + stars: | 2024-01-19 | by ( Michelle Toh | ) edition.cnn.com time to read: +4 min

It’s the second time TSMC (TSM), the world’s largest chipmaker, has been forced to push back its plans in the western US state. It announced in 2022 that it would build a second semiconductor plant in Arizona, adding to plans for an existing fab and raising its overall investment in the state from $12 billion to $40 billion. TSMC is also considering whether to open a second facility in Japan. “The second fab in Japan is in serious evaluation stage,” and the firm is holding talks with the government, according to Liu. It cited a boon for the global semiconductor industry from “the rising emergence of generative AI-related applications,” which include popular platforms such as ChatGPT.

Persons: Hong Kong CNN — TSMC, Joe Biden’s, Mark Liu, Liu, Biden, TSMC, “, C.C, Wei Organizations: Hong Kong CNN, Global, Apple, Nvidia Locations: Hong Kong, Arizona, Hsinchu, Taiwan, Dresden, Germany, Europe, Japan, Kumamoto, New York, Taipei

☆ What chipmaking giant TSMC's earnings mean for 5 of our stocks, including Apple and Nvidia
▼ + stars: | 2024-01-19 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +7 min

The latest financial results and commentary from the world's biggest third-party chipmaker gave a big boost Thursday to Apple and semiconductor stocks, including artificial intelligence leader Nvidia . Taiwan Semiconductor Manufacturing Company , whose customers include the likes of Apple, Nvidia and fellow Club stock Broadcom , said its fourth-quarter revenue from smartphone chips grew a better-than-expected 27% on a quarterly basis. "Let's not overthink it: Apple and Nvidia are the two that are most obvious" beneficiaries from TSMC's results, Jim Cramer said Thursday. Previously, TSMC had said AI chips were on track to become a "low teens" percentage of its revenue. TSMC's results and guidance Thursday offer so-called "read-throughs" on its customers, many of which are Club stocks such as Apple, Nvidia and Broadcom.

Persons: chipmaker, downgrades, TSMC, Jim Cramer, Goldman Sachs, TSMC's bullishness, Linde, that's, Jim Cramer's, Jim Organizations: Apple, Nvidia, Taiwan Semiconductor Manufacturing Company, Club, Broadcom, Qualcomm, Bank of America, Wall Street, Google, Devices, AMD, TSMC, KeyBanc Capital, LIN, Linde, DuPont, Electronics, CNBC, Bloomberg, Getty Locations: China, Hsinchu, Taiwan

☆ What’s at stake for the global economy as Taiwan goes to the polls
▼ + stars: | 2024-01-13 | by ( Laura He | ) edition.cnn.com time to read: +7 min

That pushed Taiwan’s trade surplus with China to an enormous $80.5 billion in 2023. For Taiwan, China has been its favorite investment stop for decades. China imports electronic components or precision machine tools from Taiwan, assembles them and exports the finished products to global markets. China may respond to a DPP victory by putting military and economic pressure on the island, Vest said. In 2022, China retaliated after Pelosi’s visit by banning imports of a range of food products from Taiwan.

Persons: Xi Jinping, Lai Ching, Lai, ”, Charlie Vest, Nancy Pelosi’s, Tsai Ing, Kevin McCarthy, they’re, ” Vest, Mike Kai Chen, Vest, there’s Organizations: Hong Kong CNN, Communist Party, Democratic Progressive Party, US, Taiwan’s Ministry of Economic Affairs, Imports, Hsinchu Science, Bloomberg, Getty, Capital Economics, Taiwan Semiconductor Manufacturing Company, Apple, Foxconn, Analysts, Atlantic Locations: China, Hong Kong, Taiwan, Beijing, Taiwan Strait, California, United States, Europe, Japan, South Korea, “ Taiwan, Hsinchu, Hsinchu Science Park

☆ Vote counting begins in closely watched Taiwan election
▼ + stars: | 2024-01-10 | by ( Clement Tan | ) www.cnbc.com time to read: +9 min

With China intensifying its rhetoric on its claim over Taiwan, global observers are billing this Taiwan election as highly pivotal for security in the Asia-Pacific at a time of testy U.S.-China relations. If Lai and Hsiao win the Jan. 13 vote for the Taiwan presidential office, it would mark the first time any political party has stayed in office for more than two consecutive terms since Taiwan introduced direct presidential elections in 1996. Campaign posters for various legislative member candidates in Taipei, Taiwan, on Wednesday, Dec. 27, 2023. China's Taiwan affairs office has characterized the self-ruled island's election as a choice between "peace and war, prosperity and decline." "China has always meddled whenever there is an election in Taiwan, but this time, it's the most serious."

Persons: Hou Yu, Hei Leung, Ko Wen, policymaking, Tsai Ing, Ko, Cynthia Wu, Jing Bo, jiun, Sam Yeh, Jing, Tsai, Lai Ching, Hsiao, United States —, Lai, Timothy S, Rich, Jaw Shaw, kong, Hou, Kevin Luo, Xi Jinping, Joe Biden, Xi, Biden, Nancy Pelosi, Rong Xu, Democratic Progressive Party Lai Ching, Yasuyoshi Chiba, DPP's Lai, Weeks Organizations: ih, Anadolu, Getty, Democratic Progressive Party, Kuomintang, Taiwan People's Party, China, Local, KMT, Taiwan Studies, University of Oxford, AFP, Taiwan, Rich Western Kentucky University, Taiwan's National Police Agency, New, DPP, University of Minnesota, Western Kentucky University, U.S, China -, APEC, CNBC, Former U.S, Bloomberg, Taiwan's DPP, Beijing, Cross Straits Service Locations: Taichung, Taiwan, Taipei, Asia, Pacific, U.S, China, Hsinchu, United States, Overconfidence, New Taipei City, China - U.S, Beijing, Taiwan Strait, Kaohsiung

☆ US officials to visit Taiwan to explain chip curbs, minister says
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +2 min

Taiwan Economy Minister Wang Mei-hua speaks during an interview with Reuters in Taipei, Taiwan, September 30, 2021. REUTERS/Ann Wang/File Photo Acquire Licensing RightsTAIPEI, Dec 4 (Reuters) - U.S. officials plan to visit Taiwan to explain to companies details of new curbs, primarily aimed at China, on advanced chip exports, the island's economy minister said on Monday. Taiwan Economy Minister Wang Mei-hua said some details of the extremely long new U.S. rules needed explanation. Given the concentration of chip making in Taiwan it was "advantageous" for Taiwanese companies to hear the details of the new controls from the U.S. officials, Wang said. Taiwan's official Central News Agency said the U.S. officials, who it did not name, would visit Taiwan next month and hold events in the chip hubs of Hsinchu and Tainan.

Persons: Wang Mei, Ann Wang, Biden, chipmaker TSMC, Wang, Ben Blanchard, Jeanny, Bernadette Baum, Barbara Lewis Organizations: Reuters, REUTERS, Rights, Nvidia, Beijing, U.S, Central News Agency, The U.S . Commerce Department, Thomson Locations: Taiwan, Taipei, Rights TAIPEI, China, U.S, Hsinchu, Tainan, The

Last year, Taiwan's chip industry generated T$4.837 trillion ($150.27 billion) in revenue, nearly half of which came from TSMC, compared with Taiwan's GDP of T$22.667 trillion ($704.21 billion). "Taiwan's limited land and limited energy have always created a lot of pressure," GlobalWafers (6488.TWO) CEO Doris Hsu told reporters. 'FIVE SHORTAGES'The chip industry has long complained about Taiwan's "five shortages": land, water, energy, labour, and talent. Taiwan's government - determined to keep its crown jewel's most advanced technology at home - has said it will provide alternative options. The Longtan expansion had proposed acquiring 159 more hectares in the north, where TSMC and many chip companies are based.

Persons: Wei Hsin, Carlos Garcia Rawlins, Taiwan's, Wang Mei, TSMC, Doris Hsu, Hsu Shih, Rich, Chen Ting, Chen, Liao Chen, Cliff Hou, Isaiah, Lucy Chen, Chen Chi, Sarah Wu, Yimou Lee, Ben Blanchard, Gerry Doyle Organizations: REUTERS, Rights, Taiwan Semiconductor Manufacturing Co, Taiwan's, National Chengchi University, Hsinchu Science Park, Reuters, Residents, TMSC's, Thomson Locations: Longtan, Taoyuan, Taiwan, Rights HSINCHU, LONGTAN, Hsinchu, United States, Japan, Germany, TSMC, Belgium, Arizona, Kaohsiung

☆ Germany approves stakes by Bosch, Infineon and NXP in TSMC chip plant
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +1 min

Taiwan Semiconductor Manufacturing Company's (TSMC) logo is seen while people attend the opening of the TSMC global R&D center in Hsinchu, Taiwan July 28, 2023. REUTERS/Ann Wang/File Photo Acquire Licensing RightsNov 7 (Reuters) - The German cartel office has approved stakes by Bosch (ROBG.UL), Infineon (IFXGn.DE) and NXP (NXP.N) in TSMC's (2330.TW) new semiconductor plant in the German city of Dresden, the regulator said in a statement on Tuesday. The companies would each acquire 10% of shares in the European Semiconductor Manufacturing Company (ESMC), founded by TSMC, it said. "The recent geopolitical upheavals have shown how important secured access to semiconductors is, especially for the German industry," Andreas Mundt, president of the cartel office, said in a statement. He added that both the European Union and Germany were committed to locating more semiconductor production in Europe and Germany.

Persons: Ann Wang, Andreas Mundt, Linda Pasquini, Rachel More, Matthias Williams Organizations: Taiwan Semiconductor Manufacturing, REUTERS, Bosch, Infineon, European Semiconductor Manufacturing Company, TSMC, European Union, Thomson Locations: Hsinchu, Taiwan, TSMC's, German, Dresden, Germany, Europe, China

"I think the entire Taiwan semiconductor industry - in our essence, in our R&D and manufacturing, and in our global layout - will undergo a comprehensive improvement and transformation." Key to the development of the industry is stable and renewable energy, Hou, the chairman of the Taiwan Semiconductor Industry Association, told its annual meeting in the chip hub of Hsinchu. Last month, the association made four key appeals to the government, among them the stable supply of green energy, as Taiwan's chip industry aims to seize the AI opportunity, Hou said. In 2021, Taiwan Semiconductor Manufacturing Co Ltd (TSMC) said it aimed to reach net zero emissions by 2050, matching a government target set that year by President Tsai Ing-wen. GlobalWafers (6488.TWO) CEO Doris Hsu told reporters that while AI will be a key driver of rapid growth in the next decade, Taiwan's chip industry faces several pressures as it grows.

Persons: Ann Wang, Cliff Hou, Hou, Tsai Ing, Doris Hsu, Hsu, Sarah Wu, Ben Blanchard, Clarence Fernandez, Raju Gopalakrishnan Organizations: REUTERS, Rights, Taiwan, Taiwan Semiconductor Industry Association, Taiwan Semiconductor Manufacturing Co, Thomson Locations: Tainan, Taiwan, Rights HSINCHU, Hsinchu

☆ Taiwan chipmaker UMC sees demand stabilising, with 'rush' PC, smartphone orders
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +2 min

The logo of United Microelectronics Corporation (UMC) is seen at the company’s lobby at Hsinchu Science Park in Hsinchu, Taiwan, September 16, 2022. The semiconductor industry has come under pressure as global economic woes dent demand for chips used in everything from tablets to cellphones and cars. In an earnings release, UMC (2303.TW) co-President Jason Wang said it expected demand to gradually stabilise in the last three months of the year. "For the fourth quarter, with the recent rush orders from PC and smartphones, we expect demand has gradually stabilised," he said. However, the company kept its guidance for capital spending this year at $3 billion, compared with $2.7 billion for last year.

Persons: Ann Wang, TSMC, chipmaker, Jason Wang, Ben Blanchard, Jan Harvey Organizations: United Microelectronics Corporation, Hsinchu Science, REUTERS, United Microelectronics Corp, Qualcomm Inc, Germany's Infineon, UMC's, Thomson Locations: Hsinchu, Hsinchu Science Park, Taiwan, TAIPEI, U.S, UMC's Taipei

[1/2] Taiwan Semiconductor Manufacturing Company's (TSMC) logo is seen while people attend the opening of the TSMC global R&D center in Hsinchu, Taiwan July 28, 2023. The company said it would work with the government-run Science Park Administration "to evaluate land in Taiwan suitable for building semiconductor fabs". The world's largest contract chipmaker was intending to build a 1-nanometre chip factory in Longtan, according to a Central News Agency report in December that quoted a Science Park Administration official. Taiwan Economy Minister Wang Mei-hua said the government would help TSMC with its land, water and power needs given that semiconductors are one of island's most important industries. Chen Chi-mai, mayor of Kaohsiung in the south where TSMC is currently building a 2-nanometre chip factory, said his city has enough water, power, and land for more semiconductor factories.

Persons: Ann Wang, chipmaker, Wang Mei, Chen Chi, Sarah Wu, Ben Blanchard, Yimou Lee, Edwina Gibbs Organizations: Taiwan Semiconductor Manufacturing, REUTERS, Rights, Taiwan Semiconductor Manufacturing Co, Central News Agency, Administration, Taiwan, Thomson Locations: Hsinchu, Taiwan, Rights TAIPEI, Longtan, Kaohsiung, TSMC

☆ Mexico eyes US energy exports from solar farm, chip supply chain role
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +2 min

Mexico’s state of Sonora Governor Alfonso Durazo speaks during an interview with Reuters in Taipei, Taiwan September 25, 2023. During a visit to Taiwan, Sonora Governor Alfonso Durazo said the "Plan Sonora" solar energy project would not only help improve domestic connectivity to the national grid, but also to export to the United States. "We want to convert our state into an exporter of clean energy, particularly for semiconductor and electric vehicle industries." "Assuming as a natural complement of all these processes of relocation of investment in Arizona, we also see TSMC as an obvious option for Sonora state," he said. Sonora also boasts major lithium deposits, which Lopez Obrador formally nationalised in Mexico earlier this year.

Persons: Alfonso Durazo, Carlos Garcia Rawlins, Andres Manuel Lopez Obrador's, Durazo, Foxconn, Lopez, Ben Blanchard, Carlos Garcia, Jamie Freed Organizations: Reuters, REUTERS, Rights, Puerto, Apple, Hsinchu Science Park, EV, Thomson Locations: Sonora, Taipei, Taiwan, Rights TAIPEI, California, Arizona, Mexican, United States, Mexico, Foxconn, Hsinchu

Taiwan Semiconductor Manufacturing Company's (TSMC) logo is seen while people attend the opening of the TSMC global R&D center in Hsinchu, Taiwan July 28, 2023. In the past five months the improvement has been tremendous," TSMC Chairman Mark Liu said of the Arizona project last week. The $40 billion investment in Arizona allows TSMC to add capacity outside Taiwan, where it faces constraints on land, power, water and labour. "A lot of machines cannot be shut down because it costs TSMC to recalibrate on rebooting," said a chip industry executive. While many equipment and materials makers already have global operations, to meet its exacting standards TSMC has also brought suppliers to Japan from Taiwan, the sources said.

Persons: Ann Wang, TSMC, Mark Liu, Lucy Chen, Brady Wang, Sam Nussey, Fanny Potkin, Sarah Wu, Miho Uranaka, Jamie Freed Organizations: Taiwan Semiconductor Manufacturing, REUTERS, TSMC, Reuters, Isaiah Research, Sony, Ministry, Economy, Trade, Industry, Thomson Locations: Hsinchu, Taiwan, Japan, TOKYO, SINGAPORE, TAIPEI, Arizona, Kyushu, U.S, Germany, TSMC

Analysts say its new product launches could mark a first step in the company's come-back efforts to rival Apple. "It (Huawei) can manage the psychological expectations of the target consumer group before Apple's press conference," said Ivan Lam, an analyst at Counterpoint. Sino-U.S. friction has worsened in recent years as Washington tries to restrict China's access to key technologies including cutting-edge chip technology, and Beijing looks to reduce its reliance on American tech. The U.S. Commerce Department said late Thursday it's working to obtain more information "on the character and composition" of the new Huawei chip that may violate trade restrictions. White House National Security Adviser Jake Sullivan told reporters on Air Force One the U.S. government is trying to get more information about the Huawei chip.

Persons: Ann Wang, Ivan Lam, Jake Sullivan, Rick Meckler, Taiwan's TSMC, Ben Blanchard, Jeanny Kao, Brenda Goh, Jason Xue, Yelin, Sam Nussey, Miyoung Kim, Clarence Fernandez Organizations: Taiwan Semiconductor Manufacturing, REUTERS, Rights, Huawei, Apple, U.S, China's, Analysts, Reuters, Bank of America, Street, Washington, U.S . Commerce Department, National, Air Force, Qualcomm, Broadcom, Texas, Cherry Lane Investments, Tokyo, ASE Technology, Luxshare Precision Industry, Semiconductor, Technology, Semiconductor Manufacturing International Corp, Thomson Locations: Hsinchu, Taiwan, Rights TAIPEI, U.S, Beijing, China, Asia, Japanese, iPhones, Shenzhen, Shanghai, Yelin Mo, Tokyo

☆ Shares of Apple suppliers fall on reports of China iPhone curbs
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +2 min

Taiwan's TSMC (2330.TW), the world's largest contract chipmaker and a major Apple supplier, dropped about 0.7%, outpacing a fall of about 0.3% in the benchmark index (.TWII). China could well expand its curbs on officials' use of iPhones, said Allen Huang, executive director of Mega International Investment Services Corp in Taipei. In China, Luxshare Precision Industry (002475.SZ), maker of connector cables for the iPhone and MacBook as well as AirPods, which also owns factories capable of making iPhones, fell 1.5%. Japanese chip equipment maker Tokyo Electron (8035.T) dropped 4% on Friday. Nearly a fifth of Apple's revenue is generated in China, where thousands of workers are employed by the company and its suppliers.

Persons: Ann Wang, Taiwan's TSMC, Allen Huang, Huang, Tim Cook, Ben Blanchard, Jeanny Kao, Brenda Goh, Sam Nussey, Edmund Klamann, Clarence Fernandez Organizations: Taiwan Semiconductor Manufacturing, REUTERS, Rights, Apple, company's, Staff, Reuters, ASE Technology, Co, Largan, Mega International Investment Services Corp, Huawei Technologies, Luxshare Precision Industry, Huawei, Tokyo, Thomson Locations: Hsinchu, Taiwan, Rights TAIPEI, China, outpacing, Taipei, iPhones, Beijing, Shanghai, Tokyo

Some analysts feel the Huawei moves could be a first step in comeback efforts by China's "national champion" to rival Apple. By contrast with the hit for Apple suppliers, Huawei's extended recent gains. Reuters GraphicsSCOPE OF CURBS UNCLEARIt was not immediately clear how wide China's iPhone curbs are, but one employee at an affected state-owned enterprise (SOEs) in the capital said they extended to visitors. However, Canalys analyst Nicole Peng said Huawei could present a greater threat to domestic peers, such as Honor, which had benefited from Huawei's woes. The U.S. Commerce Department is seeking more information on the "character and composition" of the new Huawei chip that may violate trade curbs, it said on Thursday.

Persons: Ann Wang, chipmaker TSMC, China's, Ivan Lam, Ming, Chi Kuo, Nicole Peng, TechInsights, Jeanny Kao, David Kirton, Jason Xue, Yelin Mo, Ellen Zhang, Sam Nussey, Miyoung Kim, Clarence Fernandez Organizations: Taiwan Semiconductor Manufacturing, REUTERS, Rights, Huawei, Apple, Largan, Industry, Semiconductor Manufacturing International Corp, Reuters, Bank of America, TF International Securities, Street, Washington, U.S . Commerce Department, Shanghai Newsroom, Thomson Locations: Hsinchu, Taiwan, Rights SHANGHAI, TAIPEI, U.S, Beijing, Taipei, TW, iPhones, China, Shenzhen, Shanghai, Tokyo

☆ TSMC to decide in favour of German factory on Tuesday - Handelsblatt
▼ + stars: | 2023-08-07 | by ( ) www.reuters.com time to read: +1 min

Taiwan Semiconductor Manufacturing Company's (TSMC) logo is seen while people attend the opening of the TSMC global R&D center in Hsinchu, Taiwan July 28, 2023. REUTERS/Ann Wang/File PhotoBERLIN, Aug 7 (Reuters) - Taiwanese semiconductor manufacturer TSMC's (2330.TW) board of directors will decide in favour of building a factory in the German city of Dresden, the Handelsblatt daily reported on Monday, citing government sources. The German government will support the construction of the factory with 5 billion euros ($5.49 billion), according to the sources. TSMC, the world's largest contract chipmaker, has been in talks with the German state of Saxony since 2021 about building a fabrication plant, or "fab", in Dresden. It will operate the factory in a joint venture with partners Bosch (ROBG.UL), Infineon (IFXGn.DE) and NXP (NXPSM.UL), the sources told Handelsblatt.

Persons: Ann Wang, Bosch, Handelsblatt, Miranda Murray, Friederike Heine Our Organizations: Taiwan Semiconductor Manufacturing, REUTERS, Infineon, European, Intel, Thomson Locations: Hsinchu, Taiwan, German, Dresden, Saxony, Berlin, Europe, Brussels

☆ TSMC reassures commitment to Taiwan amid global expansion
▼ + stars: | 2023-07-28 | by ( ) www.reuters.com time to read: +1 min

HSINCHU, Taiwan, July 28 (Reuters) - TSMC (2330.TW) reaffirmed its investment commitment to Taiwan on Friday as the world's largest contract chip maker ramps up expansion abroad. Speaking at a ceremony to open a massive global research and development center in Taiwan's chip hub of Hsinchu, CEO C.C. Wei said he would like to take the opportunity to tell the people of Taiwan that the firm remained "rooted" on the island. The overseas investment has sparked concerns in Taiwan, where semiconductor manufacturing is the backbone of the economy, about a "goodbye to Taiwan" trend among chip firms. Reporting by Sarah Wu; Editing by Jacqueline Wong and Miral FahmyOur Standards: The Thomson Reuters Trust Principles.

Persons: TW, C.C, Wei, TSMC, Sarah Wu, Jacqueline Wong Organizations: Thomson Locations: HSINCHU, Taiwan, Hsinchu, U.S ., Arizona, Japan, Germany

☆ Taiwan TSMC: Plans to invest $2.9 billion in new plant as demand for AI chips soars
▼ + stars: | 2023-07-25 | by ( Juliana Liu | ) edition.cnn.com time to read: +1 min

Hong Kong CNN —TSMC, the world’s largest chipmaker, says it plans to invest nearly 90 billion New Taiwan dollars ($2.9 billion) to build an advanced chip plant in Taiwan, as it expands production to meet booming demand for artificial intelligence (AI) products. Wei told analysts the company plans to roughly double its capacity for advanced packaging capacity in 2024 compared to 2023, in order to meet “strong demand” for AI chips from its customers, which include Nvidia (NVDA) and AMD (DOX). Advanced packaging in the semiconductor industry involves using high-tech methods to aggregate components from various wafers in order to create a more powerful computer chip. That’s the kind of AI underlying ChatGPT, Google (GOOGL)’s Bard, Dall-E and many of the other new AI technologies. TSMC is considered a national treasure in Taiwan, supplying semiconductors to global tech giants including Apple (AAPL) and Qualcomm (QCOM).

Persons: Hong Kong CNN — TSMC, C.C, Wei, “, TSMC, Dall Organizations: Hong Kong CNN, Nvidia, AMD, CNN, TSMC, Google, Apple, Qualcomm Locations: Hong Kong, Taiwan, Miaoli County, Hsinchu, Taipei, TSMC

A woman walks past a Taiwan Semiconductor Manufacturing Company (TSMC) logo at the Hsinchu Science Park in Hsinchu on July 5, 2023. (Photo by Sam Yeh / AFP) (Photo by SAM YEH/AFP via Getty Images)Taiwan Semiconductor Manufacturing Company , the world's largest chipmaker, posted a second-quarter profit plunge Thursday as demand for consumer electronics continues to slump. TSMC said business was impacted by macroeconomic headwinds "which dampened the end market demand, and led to customers' ongoing inventory adjustment." This is the company's first quarterly net income decline since the second quarter of 2019. Apple typically releases its latest iPhone in September so it is likely ordering chips from TSMC in the third quarter.

Persons: Sam Yeh, TSMC, Wendell Huang Organizations: Taiwan Semiconductor Manufacturing Company, Hsinchu Science, SAM YEH, Getty Images, Apple Locations: Hsinchu, Hsinchu Science Park, AFP, Taiwan

☆ TSMC flags 10% fall in 2023 sales, spending at low end of forecast
▼ + stars: | 2023-07-20 | by ( ) www.reuters.com time to read: +3 min

[1/2] A logo of Taiwan Semiconductor Manufacturing Co (TSMC) is seen at its headquarters in Hsinchu, Taiwan August 31, 2018. The world's largest contract chipmaker estimated investment spending for this year at the lower end of a previous estimate of $32-$36 billion amid challenges from rising inflationary costs and an uncertain global economic outlook. For the second quarter ended June, TSMC, a major Apple Inc (AAPL.O) supplier, reported a 23.3% fall in net profit - beating forecasts - although it was its first on-year drop in quarterly profit since the second quarter of 2019 when it fell 7.6%. TSMC saw April-June net profit drop to T$181.8 billion ($5.85 billion) from T$237.0 billion a year earlier. TSMC, Asia's most valuable listed company, said second-quarter revenue dropped 13.7% year-on-year to $15.68 billion, in line with the company's previous forecast.

Persons: Tyrone Siu, TSMC, Refinitiv, Yimou Lee, Sarah Wu, Ben Blanchard, Jacqueline Wong Organizations: Taiwan Semiconductor Manufacturing, REUTERS, Ltd, Apple Inc, Thomson Locations: Hsinchu, Taiwan, Arizona, TAIPEI, U.S, TSMC, China, Taipei

☆ Taiwan flags space ambition with domestically developed weather satellite
▼ + stars: | 2023-07-14 | by ( Ann Wang | ) www.reuters.com time to read: +2 min

[1/4] Taiwan's President Tsai Ing-wen makes a speech at the shipment ceremony of Triton, Taiwan's first locally built weather satellite in Hsinchu, Taiwan July 14, 2023. REUTERS/Ann WangHSINCHU, Taiwan, July 14 (Reuters) - Taiwan's first domestically developed weather satellite shows its determination to develop its space industry, President Tsai Ing-wen said on Friday, lauding the programme as a step to take the island to the stars. "The Wind-Hunter Satellite is born-and-bred made in Taiwan," she said at Taiwan Space Agency in the northern city of Hsinchu, home to Taiwan's world-beating semiconductor industry, referring to it by its Chinese-language name. "The Wind-Hunter Satellite proves that with the advantages of Taiwan's semiconductor and precision manufacturing, it is absolutely capable of entering the global space industry," Tsai said, adding that the satellite showed Taiwan's determination to develop a space industry and participate in the space age. Triton will be launched into a circular low-earth orbit at an altitude of about 550-650 km (340-400 miles), according to the Taiwan Space Agency.

Persons: Tsai Ing, Triton, Ann Wang, Tsai, Vega, Elon, Safran, Ben Blanchard, Robert Birsel Organizations: REUTERS, Taiwan Space Agency, Hunter, SpaceX, Airbus, Thomson Locations: Hsinchu, Taiwan, Ann, Ann Wang HSINCHU, China, Guiana

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