Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday said that it contributed more than 4 percent of Taiwan’s GDP last year as its added value increased.
TSMC investments created NT$792.9 billion (US$25.24 billion) in added value last year, it said in a corporate social responsibility report.
The figure was 4.85 percent higher than the previous year and accounted for 4.46 percent of GDP, the company said.
Since 2015, the company has been working with the Industrial Technology Research Institute (ITRI, 工研院) to determine how it can contribute to the growth of the domestic economy by utilizing local resources, TSMC said.
In addition to the higher added value, it also generated NT$1.024 trillion in production value last year, hiring 43,000 employees, it said.
That created a spillover effect that resulted in an additional national output of almost NT$2 trillion and 364,000 job openings nationwide, the report said.
ADDED VALUE
Its added value ratio, which is the ratio of added value to production value, was about 77 percent last year, far above the average of 30 percent for other firms in Taiwan, it said.
Its added value and production value were records last year, the company said.
TSMC posted a record NT$351.13 billion in net profit last year — an annual increase of 2.3 percent — or earnings per share of NT$13.54 compared with NT$13.23 in 2017, the report said.
Citing joint studies conducted with ITRI, TSMC said that its investments have benefited upstream, midstream and downstream firms in the local supply chain of the semiconductor industry.
TSMC, the world’s third-largest chip supplier, posted US$14.85 billion in sales in the first half, down 9 percent from a year earlier due to inventory adjustments by its clients.
ENVIRONMENT
TSMC said that while its electricity and water consumption has increased due to technology upgrades, it is committed to environmentally friendly practices.
It is planning to team up with industrial partners to build a water recycling facility at the Southern Taiwan Science Park (南部科學工業園區) in Tainan this year, which would supply 18,144 tonnes of recycled industrial water per day, TSMC said.
To reduce carbon emissions, it is seeking to purchase renewable energy facilities and install green power generators at its production complexes, TSMC said.
Tesla Inc temporarily halted some production at its auto assembly plant in California because of problems with its supply chain, but work has begun to resume, CEO Elon Musk told employees in an e-mail on Thursday. “We are experiencing some parts supply issues, so took the opportunity to bring Fremont production down for a few days to do equipment upgrades and maintenance,” Musk said in an all-staff message seen by Bloomberg. The factory was “back up and running as of yesterday,” and would rapidly ramp up to full production of Model 3 and Model Y cars “over the next several days,”
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) was on Thursday set to sell local currency bonds, as it prepared for a spending blitz amid a global chip shortage. The world’s largest contract chipmaker planned to price about NT$16 billion (US$565.25 million) of notes in three parts in an auction, though the actual issuance size might change. The manufacturer would have to contend with a recent rise in rates globally that has sent many corporate bond yields up from record lows in the past few weeks. The debt offering comes at a promising time for the semiconductor industry as the world scrambles its way
MULTI-USE: The arrangement of seats in future vehicles would be different, allowing passengers to do everything they do at home, the CEO of the firm’s EV platform said Electric vehicles (EVs) developed on a Hon Hai Precision Industry Co (鴻海精密) platform would be built like “a smartphone on a different platform,” Jack Cheng (鄭顯聰), chief executive officer of the Hon Hai-initiated MIH Open Platform Alliance, said on Saturday. It would be the ultimate goal to make vehicles built on the platform an extension of the driver’s home, he said during an online presentation. The alliance aims to provide resources to automakers and boost Taiwan’s EV development, with a vision to make an EV its owner’s “second home,” Cheng said. “Whatever they can do in their home, they will be able
‘MAINTAINING MOMENTUM’: The Swedish automaker might pursue plans for an initial public offering, which it had put on hold in 2018, the company said China’s Geely Automobile Holdings Ltd (吉利汽車) and its Swedish affiliate Volvo Cars are putting off earlier plans to merge, wagering that they would be more agile as standalone entities. The manufacturers would preserve their separate corporate structures, while cooperating more closely on electrification, autonomous-driving technology and software, a joint statement said. While they would no longer pursue a combination as announced last year, new listings could be on the table. “This is about maintaining top-line momentum,” Volvo chief executive officer Hakan Samuelsson said in an interview. “A merger isn’t always positive. You risk losing momentum because there’s too much internal focus.” Geely and
RSS