Taiwan Semiconductor Manufacturing Co Ltd (TSM) Options

Well, so far, this hasn’t worked out for me. Lol

https://pr.tsmc.com/system/files/newspdf/attachment/09349f4b044016a40b284519b3c86005b578749f/2Q24%20%28E%29_with%20guidance_final_wmn.pdf

TSMC Reports Second Quarter EPS of NT$9.56
HSINCHU, Taiwan, R.O.C., Jul. 18, 2024 -- TSMC (TWSE: 2330, NYSE: TSM) today
announced consolidated revenue of NT$673.51 billion, net income of NT$247.85 billion, and
diluted earnings per share of NT$9.56 (US$1.48 per ADR unit) for the second quarter ended June
30, 2024.
Year-over-year, second quarter revenue increased 40.1% while net income and diluted EPS both
increased 36.3%. Compared to first quarter 2024, second quarter results represented a 13.6%
increase in revenue and a 9.9% increase in net income. All figures were prepared in accordance
with TIFRS on a consolidated basis.
In US dollars, second quarter revenue was $20.82 billion, which increased 32.8% year-over-year
and increased 10.3% from the previous quarter.
Gross margin for the quarter was 53.2%, operating margin was 42.5%, and net profit margin was
36.8%.
In the second quarter, shipments of 3-nanometer accounted for 15% of total wafer revenue; 5-
nanometer accounted for 35%; 7-nanometer accounted for 17%. Advanced technologies, defined
as 7-nanometer and more advanced technologies, accounted for 67% of total wafer revenue.
“Our business in the second quarter was supported by strong demand for our industry-leading 3nm
and 5nm technologies, partially offset by continued smartphone seasonality,” said Wendell Huang,
Senior VP and Chief Financial Officer of TSMC. “Moving into third quarter 2024, we expect our
business to be supported by strong smartphone and AI-related demand for our leading-edge process
technologies.”
Based on the Company’s current business outlook, management expects the overall performance
for third quarter 2024 to be as follows:
• Revenue is expected to be between US$22.4 billion and US$23.2 billion;
And, based on the exchange rate assumption of 1 US dollar to 32.5 NT dollars,
• Gross profit margin is expected to be between 53.5% and 55.5%;
• Operating profit margin is expected to be between 42.5% and 44.5%.
TSMC’s 2024 second quarter consolidated results:
(Unit: NT$ million, except for EPS)
2Q24
Amounta
2Q23
Amount
YoY
Inc. (Dec.) %
1Q24
Amount
QoQ
Inc. (Dec.) %
Net sales 673,510 480,841 40.1 592,644 13.6
Gross profit 358,125 260,200 37.6 314,505 13.9
Income from operations 286,556 201,958 41.9 249,018 15.1
Income before tax 306,311 214,675 42.7 266,543 14.9
Net income 247,845 181,799 36.3 225,485 9.9
EPS (NT$) 9.56 b 7.01c 36.3 8.70d 9.9
a: 2Q2024 figures have not been approved by Board of Directors
b: Based on 25,931 million weighted average outstanding shares
c: Based on 25,929 million weighted average outstanding shares
d: Based on 25,930 million weighted average outstanding shares
About TSMC
TSMC pioneered the pure-play foundry business model when it was founded in 1987, and has been
the world’s leading dedicated semiconductor foundry ever since. The Company supports a thriving
ecosystem of global customers and partners with the industry’s leading process technologies and
portfolio of design enablement solutions to unleash innovation for the global semiconductor
industry. With global operations spanning Asia, Europe, and North America, TSMC serves as a
committed corporate citizen around the world.
TSMC deployed 288 distinct process technologies, and manufactured 11,895 products for 528
customers in 2023 by providing the broadest range of advanced, specialty and advanced packaging
technology services. The Company is headquartered in Hsinchu, Taiwan. For more information
please visit https://www.tsmc.com.
# # #
TSMC Spokesperson:
Wendell Huang
Senior Vice President and CFO
Tel: 886-3-505-5901
Media Contacts:
Nina Kao
Head of Public Relations
Tel: 886-3-563-6688
ext.7125036
Mobile: 886-988-239-163
E-Mail:
nina_kao@tsmc.com
Ulric Kelly
Public Relations
Tel: 886-3-563-6688 ext. 7126541

TSM 10Q due JULY18

Back the boat up boys, get rich with pepedaddy

Yep, nice cash cow here man

~dang I was way too early here

TSM new 52 week high

In 1 Year, Everyone Who Own These 3 AI Stocks Will Make Millions



Weekly Chart

I loaded up 0n this back around $89 when the NVDA crazy train was starting to really take off, and I couldn't be happier. Slow and steady wins the race.

TSM new 52 week high

Hello

Why no new posts???????

~bought 4/19 $140 calls @.09c made this nonsense ends later today

~very disappointing action here

~bought 4/26 $180 calls @.19c

TSM (own it) 10Q due 4/18
Next day settlement begins 5/28

~average down to .10c here

~bought 4/12 $160 calls @.21c

TSMC gets $6.6 billion in chipmaking cash from Biden while pledging to build a third Arizona plant

Ben Werschkul
Ben Werschkul·Washington Correspondent
Updated Mon, Apr 8, 2024, 8:34 AM EDT

The Biden administration said Monday it plans to send up to $6.6 billion in federal grants to the Taiwan Semiconductor Manufacturing Company (TSM) as the chipmaking giant promises a $25 billion Arizona expansion that will bring a third TSMC fabrication plant to that state.

The deal, the second major US chipmaking grant announcement of the last three weeks, is part of President Joe Biden's effort to restart advanced semiconductor manufacturing in the US.

In March Biden said the US would provide up to $8.5 billion in grants in the years ahead to Intel (INTC) to support a range of new projects in Arizona, Ohio, New Mexico, and Oregon.

The money for both companies is coming from 2022's CHIPs and Science law, a signature accomplishment of Biden's current term.

TSMC will use the grants to fund the continued construction of two manufacturing plants already being built in the Phoenix area. The company also announced Monday it would build a third facility there in the years ahead.

The goal is for all three plants to be online by the end of the decade and producing TSMC's most advanced chips. Some of the plants even hope to use a forthcoming 2 nanometer fabrication process and make even more advanced chips than are currently available.

"These are the chips that underpin all artificial intelligence and they are the chips that are necessary components for the technology that we need to underpin our economy," Commerce Secretary Gina Raimondo told reporters ahead of the announcement.
President Joe Biden, left, shakes hands with Taiwan Semiconductor Manufacturing Company Chairman Mark Liu, right, as the two meet on stage after touring the TSMC facility under construction in Phoenix, Tuesday, Dec. 6, 2022. (AP Photo/Ross D. Franklin)
President Joe Biden shakes hands with Taiwan Semiconductor Manufacturing Company Chairman Mark Liu during a tour of the TSMC facility under construction in Phoenix in Dec. 2022. (AP Photo/Ross D. Franklin) (ASSOCIATED PRESS)

The $6.6 billion in grants to be doled out in the years ahead include an allotment of $50 million for workforce development as well as additional authorization for up to $5 billion in government loans. That inflow comes in addition to manufacturing tax credits in the 2022 law that could be worth additional billions.

The government money will pair with TSMC's plans to invest over $65 billion in its Arizona operations. It had previously announced $40 billion and said today it would add an additional $25 billion largely to fund construction of the third fabrication facility.

Monday's news underlines the central role that Arizona is playing in the effort to bring back semiconductor manufacturing to the US.

President Biden has made multiple semiconductor-themed trips to the state in recent years including a stop last month to announce the grants for Intel, which is also building in the state.

"It’s an exciting day for Arizona, where we are leading the way in bringing the most advanced microchip manufacturing back to America," Arizona Senator Mark Kelly, a negotiator of the 2022 law, told Yahoo Finance.

Monday's announcement is the fifth manufacturing award from the law.

In addition to TSMC and Intel, three smaller manufacturing awards had been previously announced. There was roughly $35 million for BAE Systems (BAESY), $162 million for Microchip Technology, and $1.5 billion for GlobalFoundries (GFS) largely to fund the manufacturing of less advanced but still crucial chips.

The 20-month-old law allows the White House to spend a total of about $50 billion — $39 billion specifically earmarked for manufacturing — to try and help reignite the sector in the years ahead.
A focus on the labor market

Arizona's path to semiconductor centrality began back in May 2020 when TSMC announced new plans for the state.

It's an effort that has also been marked by struggles to ensure that enough Americans will be trained for the coming positions; TSMC recently announced a delay in their first US plant's full-scale launch from 2024 to 2025 and cited worker shortages as a reason and brought in Taiwanese workers to help keep up.

"I do expect that immigration and bringing in expertise from Taiwan both on the facilities side and the construction side will continue to be really important," a senior Biden administration official said ahead of the announcement. The official added that government and TSMC workforce development efforts will nevertheless mean "the overwhelming effects of this investment is going to be to create thousands and thousands of American jobs."

TSMC has also said that they expect some of the worker shortages will lessen in each subsequent project with Chairman Dr. Mark Liu saying recently of the first two projects that "even though we encountered challenges in Arizona for our first fab construction...we believe the construction of our second fab will continue to be much smoother."

Biden officials call TSMC's overall project the largest foreign direct investment in a completely new project in US history and is expected to create at least 6,000 direct permanent jobs in addition to 20,000 temporary construction jobs.

The project is also expected to lead to "tens of thousands" of additional jobs as other companies work to supply the new massive facilities.

The increased investment is due to an ever increasing demand from US companies for chips as well as for chips that are made inside the United States, says Lael Brainard who is the director of Biden's National Economic Council.

She notes that top officials like Apple (AAPL) CEO Tim Cook and NVIDIA (NVDA) CEO Jensen Huang attended a 2022 groundbreaking for TSMC's second facility in Arizona. Both Apple and NVIDIA currently rely almost exclusively on chips from the company that are manufactured in Taiwan.

In a statement Monday, Chairman Liu said the government's funding allowed for this increased investment adding "our U.S. operations allow us to better support our U.S. customers, which include several of the world’s leading technology companies."
Apple CEO Tim Cook listens to US President Joe Biden deliver remarks on his economic plan at TSMC Semiconductor Manufacturing Facility in Phoenix, Arizona, on December 6, 2022. (Photo by Brendan SMIALOWSKI / AFP) (Photo by BRENDAN SMIALOWSKI/AFP via Getty Images)
Apple CEO Tim Cook listens as President Joe Biden deliver remarks at a TSMC Semiconductor Manufacturing Facility in Phoenix in December 2022. (BRENDAN SMIALOWSKI/AFP via Getty Images) (BRENDAN SMIALOWSKI via Getty Images)

Monday's announcement is part of the Biden administration's ambitious overall goal of having the US produce 20% of the world's most advanced semiconductor chips by the end of the decade.

Secretary Raimondo oversees a team implementing the law and often notes the high challenge ahead with America currently producing 0% of these advanced chips (and only 10% of chips overall).

This post has been updated with additional context.

https://finance.yahoo.com/news/tsmc-gets-66-billion-in-chipmaking-cash-from-biden-while-pledging-to-build-a-third-arizona-plant-090026550.html

~bought the 4/26 $190 calls @.20c

~bought 4/12 $170 calls @.10c TSM

~just trying to time a potential run up before earnings.

It may be declining in the last month (it's called healthy consolidation). Try looking at the 3 month chart, or 6 month, or 1 year and then tell me again how it's declining.

I bought in around $89 back in September 2023. It doesn't look to me like it's declining.

It's all about perspective.

Is there any reason for you to buy these again and again? the stock is declining. Could not find any information about it.

~bought some 4/5 $200 calls @.03c because I’m cheap haha

~bought the 4/5 $170 calls @.14c

~holding 3/28 $200 calls @.10c average

~bought more 3/22 $200 calls average is .21c now

bouncing off 140 twice already. this IMO will be higher than 150 by friday. TSM

~bought 3/22 $200 calls @.33c seems like a good deal this may be @ $200 SP next week TSM

~sold half 3/28 $200 calls @.63 :) bank profits before monthly sales report tomorrow

~looking for it to cross $148

~oh TSM LQQKN good

~bought the 3/28 $200 calls @.21c

~sold 3/15 $175 calls @.15c

~bought 3/15 $175 calls @.13c yesterday

~sold 3/28 $175 calls @.40c :)

TSM new 52 week high

~bought the 3/28 $175 calls @.19c

TSM new 52 week high

TSM new 52=week high

TSM new 52 week high

Just in @ 91 & looking for a good move ^

Earnings spotlight: Thursday, July 20 - Johnson & Johnson (JNJ), Abbott Laboratories (ABT), Taiwan Semiconductor Manufacturing (TSM), Philip Morris International (PM), Travelers (TRV), American Airlines (AAL), Capital One (COF), and CSX (CSX). Seeking Alpha analyst JR Research said: "Taiwan Semiconductor Manufacturing Company (TSMC) stock is still undervalued compared to its peers."

Yup.

Anyone shorting this other than US Senators?

I'm out. For me right now, it's just not worth the risk.

https://fortune.com/2023/04/12/warren-buffett-tsmc-taiwan-chipmaker-china-war-foxconn-terry-gou-emmanuel-macron/

I bought this one because the story I came to believe made sense: Whoever the winners of the AI war may be, they will buy their “unrefined” chips from TSM. Not unlike Intel during the Microsoft-Apple war for dominance in PCs.

Maybe I’m naive on this one??

As for China, would it be in their interest to wreck this company? I suspect they would want it to be as profitable as possible.

Precisely