Company Quick10K Filing
TSMC
20-F 2019-12-31 Filed 2020-04-15
20-F 2018-12-31 Filed 2019-04-17
20-F 2017-12-31 Filed 2018-04-19
20-F 2016-12-31 Filed 2017-04-13
20-F 2015-12-31 Filed 2016-04-11
20-F 2014-12-31 Filed 2015-04-13
20-F 2013-12-31 Filed 2014-04-14
20-F 2012-12-31 Filed 2013-04-02
20-F 2011-12-31 Filed 2012-04-13
20-F 2010-12-31 Filed 2011-04-15
20-F 2009-12-31 Filed 2010-04-15

TSMC Financials

TSM Metrics, Comps, Filings

Quarterly | Annual

Business

Our legal and commercial name is 台灣積體電路製造股份有限公司 (Taiwan Semiconductor Manufacturing Company Limited). We believe we are currently the world's largest dedicated foundry in the semiconductor industry. We were founded in 1987 as a joint venture among the R.O.C. government and other private investors and were incorporated in the R.O.C. as a company limited by shares on February 21, 1987. Our common shares have been listed on the Taiwan Stock Exchange since September 5, 1994, and our ADSs have been listed on the New York Stock Exchange since October 8, 1997.

Our principal executive office is located at No. 8, Li-Hsin Road 6, Hsinchu Science Park, Hsinchu, Taiwan, Republic of China. Our telephone number at that office is (886-3) 563-6688. Our web site is www.tsmc.com. Information contained on our website is not incorporated herein by reference and does not constitute part of this annual report.

As a foundry, we manufacture semiconductors using our manufacturing processes for our customers based on their own or third parties' proprietary integrated circuit designs. We offer a comprehensive range of wafer fabrication processes, including processes to manufacture complementary metal oxide silicon ("CMOS") logic, mixed-signal, radio frequency ("RF"), embedded memory, bipolar complementary metal oxide silicon ("BiCMOS", which uses CMOS transistors in conjunction with bipolar junction transistor) mixed-signal and other semiconductors. We estimate that our revenue market segment share among total foundries worldwide was 56% in 2018. We also offer design, mask making, bumping, advanced packaging, and testing services.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
TSMC (TSM) 948,430 49% 19.0 64% 66,881 13,726 121,879 60,267 43,053 49,055 931,824
Intel (INTC) 255,059 59% 11.2 15% 136,524 59,020 71,965 42,140 21,048 24,588 276,173
Texas Instruments (TXN) 119,897 64% 18.8 29% 17,992 9,007 14,750 9,474 5,186 6,470 121,854
Broadcom (AVGO) 114,865 55% 13.3 4% 67,493 42,523 22,597 12,483 2,724 10,717 142,869
Nvidia (NVDA) 153,203 62% 42.4 16% 17,315 5,111 10,918 6,768 2,796 3,403 144,297
Micron Technology (MU) 48,784 45% 4.2 13% 49,649 13,051 23,680 10,673 6,280 11,084 46,877
Applied Materials (AMAT) 46,711 44% 12.3 14% 19,024 10,810 14,608 6,386 2,706 3,974 48,895
Analog Devices (ADI) 41,378 66% 22.1 6% 21,377 9,687 5,754 3,822 1,212 2,093 46,218
AU Optronics (AUO) 39,941 12% 5.4 16% 12,754 6,105 42,781 5,275 2,088 7,533 40,489
Advanced Micro Devices (AMD) 54,889 43% 78.5 6% 6,028 3,201 6,731 2,868 341 688 53,982
NXP Semiconductors (NXPI) 30,448 52% 46.5 1% 21,254 11,659 2,265 1,186 119 762 35,416
Xilinx (XLNX) 24,612 67% 21.7 19% 5,020 2,324 3,311 2,214 955 1,119 24,254
Microchip Technology (MCHP) 23,306 60% 17.7 2% 17,858 12,497 5,365 3,243 384 1,924 33,991
United Microelectronics (UMC) 22,240 19% -0.1 7% 362,597 158,200 593,238 112,046 26,737 236,575 -33,218
Semiconductor Manufacturing (SMI) 21,318 26% 5.9 10% 7,630 1,612 11,612 3,020 742 4,092 24,152
Marvell Technology (MRVL) 16,727 50% 16.8 14% 11,133 2,455 2,699 1,357 1,584 1,041 17,519
Maxim Integrated Products (MXIM) 15,827 64% 14.7 21% 3,681 1,900 2,209 1,414 770 1,023 15,063
Skyworks Solutions (SWKS) 14,133 47% 9.8 18% 4,840 717 3,377 1,604 854 1,353 13,281
STMicroelectronics (STM) 24,677 38% 3.5 28% 11,868 4,757 34,393 13,133 3,306 6,771 24,009
ChipMOS Technologies (IMOS) 12,093 20% 16.8 23% 1,060 484 2,355 461 239 730 12,258

Balance Sheet ($MM)2009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash5,1914,8804,7355,0198,00911,47016,88117,32018,76518,426
Accounts Receivable1,0961,4181,5122,0222,3643,6722,5524,10718,81518,490
Inventory6489378201,3241,2372,1232,0121,5582,5123,303
PP&E8,48412,81916,18421,61526,15826,18225,60431,92936,12634,306
Assets18,43623,72525,72533,64741,67247,83549,72260,36267,71966,881
Accounts Payable3383993485074847005578349661,055
Long-Term Debt1571,1891,5024,0637,4736,8385,7594,8993,1211,821
Liabilities2,9654,6275,0258,67114,14715,12013,87316,84616,90813,726
Stockholders' Equity15,47119,09720,70024,97627,52632,71635,84943,51550,81153,155
Income Statement ($MM)2009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue9,16813,84514,09417,71919,70224,41025,30530,33433,23333,007
Cost of Revenue5,1597,0127,6879,19210,41612,32412,99415,13816,40917,072
Gross Profit4,0096,8336,4078,5279,28612,08612,31115,19616,82415,936
R&D6699801,1161,4141,58218,1071,9662,2792,7452,749
SG&A489600617775772769688822924840
Tax1862643535461,0601,5321,4291,7321,7381,102
Net Income2,7665,3334,4295,8166,0678,1349,08510,61811,73111,619
Cash Flow ($MM)2009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating4,9597,5738,17010,11711,46413,48915,89617,27519,90118,367
Cash Investing-2,991-6,669-6,023-9,562-9,275-9,037-6,517-12,654-11,430-10,057
Cash Financing-2,650-1,605-2,239-4831,059-1,035-3,502-5,050-7,334-7,844