Previous close | 92.62 |
Open | 94.49 |
Bid | 93.28 x 800 |
Ask | 94.00 x 800 |
Day's range | 93.43 - 95.82 |
52-week range | 59.43 - 109.76 |
Volume | |
Avg. volume | 13,354,578 |
Market cap | 490.544B |
Beta (5Y monthly) | 1.26 |
PE ratio (TTM) | 25.36 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 1.77 (1.88%) |
Ex-dividend date | 16 Mar 2023 |
1y target est | N/A |
Taiwan Semiconductor Manufacturing (NYSE: TSM), better known as TSMC and the world's largest contract chipmaker, became the first Taiwanese company to list its shares on the NYSE in 1997. Let's see how those two deals solidified TSMC as a semiconductor superpower, how rapidly it grew over the past nine years, and if it will continue to grow. In 2014 Apple shifted its chip orders from Samsung's foundries to TSMC.
Shares of semiconductors were outpacing the broader markets, which were quite volatile today. Industry leaders Taiwan Semiconductor Manufacturing (NYSE: TSM), Micron Technology (NASDAQ: MU), and Aehr Test Systems (NASDAQ: AEHR) were up 2.1%, 5.5%. There wasn't any company-specific news today, but the broader semiconductor sector was up strongly, even as many other cyclical industries outside of tech were struggling.
Last week I attended the most talked-about industry event in Taipei in recent memory, a panel discussion between Taiwan Semiconductor Manufacturing Co (TSMC) founder and former chair Morris Chang and Chip War author Chris Miller. The first thing that Chang said to Miller on stage was: “I wish I had written the book.” While Chip War emphasises the Taiwanese government’s role in the early years of TSMC, Chang says it was more like an “investor” than a “partner” — and not a particularly bullish one, either.