TSMC 研读
TSMC 研读
Nov 15 2024 药/刘悦
2024 Principle Engineer, Micron Technology 2021-2023 Staff Product Engineer, DCAI Group, Intel Corporation 2017-2021 Senior Device Engineer, Technology Development, Intel Corporation 2011-2016 PhD in Electrical and Computer Engineering, University of Minnesota
The surge of interest in and use of generative AI (e.g. ChatGPT, Sora) leads to demands for more computing power, semiconductor technology is the key to drive AI development and become a critical enabler.
TSMC Market Overview
Over $1T (1015B) dollar market cap
Founded: 1987 Headquarters: Hsinchu(新竹) P/E ratio:32 (similar to MSFT) Dividend yield: 0.86% (MSFT 0.7%) EPS: diluted earnings per share of NT$12.54 (US$1.94 per ADR unit) Grow earnings and revenue by 19.5% and 18% per annum respectively. EPS is expected to grow by 19.8% per annum
In US dollars, third quarter revenue was $23.50 billion, which increased 36.0% year-over-year and increased 12.9% from the previous quarter. Gross margin for the quarter was 57.8%, operating margin was 47.5%, and net profit margin was 42.8%. ($NTD) 2024Q3 YOY Revenue 759.69B 38.95% Net Income 325.26B 54.15% Diluted EPS 12.54 54.05% Net profit margin 42.81% 10.94% Operating income 360.77B 58.19%
Net change in cash 87.65B 149.85% Cost of revenue 320.35B 28.09%
https://pr.tsmc.com/english/news/3180
($NTD) | 2024Q3 | 2024Q2 | 2024Q1 | 2023Q4 |
|---|---|---|---|---|
Revenue | 759.69B | 673.51B | 592.64B | 625.53B |
Net Income | 325.26B | 247.85B | 225.48B | 238.71B |
Diluted EPS | 12.54 | 9.56 | 8.7 | 9.21 |
Net profit margin | 42.81% | 36.80% | 38.05% | 38.16% |
Operating income | 360.77B | 286.56B | 249.02B | 260.2B |
Net change in cash | 87.65B | 100.93B | 232.77B | 153.62B |
Cost of revenue | 320.35B | 315.39B | 278.14B | 293.76B |
竞争对手: Samsung, Global Foundry, Intel Foundry 生意来源和优势: 代工，foundry for fabless design company 公司的治理结构和管理组织 董事会 领导班子: See Web 公司财务和估值, 资产负债表未来成长性 pro and con
