TSMC may have to raise capex for 2022

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Monica Chen, Taipei; Jessie Shen, DIGITIMES

Friday 7 January 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$530 on the TSE on Tuesday, May 17, 2022.

The company has reported consolidated revenues of NT$172,561 million for April 2022, representing a 0.4% increase on month and 55% increase on year.

For the fourth quarter of 2021, the company totaled NT$438,189 million in consolidated revenues, up 5.7% sequentially and up 21.2% 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
18-May	33,605	34,913	18,075,946,322	541.00	541.00	534.00	538.00	+8.00	+1.51%	537.00	538.00
17-May	24,442	12,153	12,905,961,000	521.00	533.00	520.00	530.00	+10.00	+1.92%	530.00	531.00
16-May	21,793	30,030	11,358,007,516	521.00	524.00	518.00	520.00	+9.00	+1.76%	519.00	520.00
13-May	29,929	37,703	15,271,930,115	507.00	514.00	506.00	511.00	+6.00	+1.19%	511.00	512.00

Source: TSE, compiled by Digitimes

Latest sales

TSMC: Consolidated revenues, Apr 2021 - Apr 2022 (NT$m)
Month	Sales	M/M	Y/Y	YTD	Y/Y
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%
May-21	112,360	0.9%	19.8%	586,085	17.1%
Apr-21	111,315	(13.8%)	16%	473,725	16.5%

*Figures are consolidated
Source: TSE, compiled by Digitimes, May 2022

TSMC: Consolidated revenues, 4Q20 - 4Q21 (NT$m)
Quarter	Sales	Q/Q	Y/Y	YTD	Y/Y
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%
4Q-20	361,533	1.4%	14%	1,339,255	25.2%

*Figures are consolidated
Source: TSE, compiled by Digitimes, May 2022

Latest balance sheet and income statement

TSMC: Consolidated balance sheet, 4Q20 - 4Q21 (NT$k)
Item	4Q-2021	3Q-2021	2Q-2021	1Q-2021	4Q-2020
Current assets	1,607,072,907	1,370,639,169	1,241,104,023	1,139,786,823	1,092,185,308
Intangible assets	26,821,697	25,643,914	26,535,043	25,012,688	25,768,179
Non-current assets	2,118,430,548	1,961,672,715	1,851,711,166	1,779,344,638	1,668,526,097
Assets	3,725,503,455	3,332,311,884	3,092,815,189	2,919,131,461	2,760,711,405
Current liabilities	739,503,358	655,621,450	647,748,947	661,648,612	617,151,048
Non-current liabilities	815,266,892	598,370,124	451,095,669	316,485,887	292,938,358
Liabilities	1,554,770,250	1,253,991,574	1,098,844,616	978,134,499	910,089,406
Stockholders' equity	2,170,733,205	2,078,320,310	1,993,970,573	1,940,996,962	1,850,621,999

*Figures are consolidated
Source: TSE, compiled by Digitimes, May 2022

TSMC: Consolidated income statement, 4Q20 - 4Q21 (NT$k)
Item	4Q-2021		3Q-2021		2Q-2021		1Q-2021		4Q-2020
Item	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales
Operating revenue	438,189,306		414,670,379		372,145,122		362,410,230		361,533,057
Gross profit (loss) from operations	230,679,228	52.6%	212,848,684	51.3%	186,234,135	50%	189,775,219	52.4%	195,188,826	54%
Operating expenses	47,877,762	10.9%	41,649,916	10%	40,583,423	10.9%	39,111,833	10.8%	38,321,439	10.6%
Operating income (loss)	182,771,954	41.7%	171,003,548	41.2%	145,667,205	39.1%	150,538,190	41.5%	157,120,174	43.5%
Non-operating expenses and losses	2,047,257	0.5%	2,848,091	0.7%	3,723,870	1%	4,526,199	1.2%	3,987,187	1.1%
Income from continuing operations before income tax	184,819,211	42.2%	173,851,639	41.9%	149,391,075	40.1%	155,064,389	42.8%	161,107,361	44.6%
Net income (loss)	166,373,515	38%	156,479,154	37.7%	134,481,716	36.1%	139,738,749	38.6%	142,824,524	39.5%
Diluted earnings per share (NT$)	6.4		6		5.2		5.4		5.5

*Figures are consolidated
Source: TSE, compiled by Digitimes, May 2022

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