Taiwan Semiconductor Manufacturing Company raised its 2026 capex budget by USD 8 billion to USD 62 billion at the midpoint and full-year revenue growth target to over 40% in US dollars. It announced plans to invest an additional USD 100 billion in Arizona, cumulatively totaling USD 265 billion.
TSMC should consistently earn higher gross margins than competitors thanks to its economies of scale and premium pricing justified by cutting-edge process technologies.
Although TSMC is the foundry leader, each generation of process technology matures and commoditizes quickly, forcing the company to deal with pricing pressure.
|
Metric
|
TSM
|
005930
|
INTC
|
|---|---|---|---|
Price/Earnings (Normalized) | 30.30 | 20.47 | 89.64 |
Price/Book Value | 10.85 | 3.56 | 5.63 |
Price/Sales | 15.31 | 3.74 | 8.41 |
Price/Cash Flow | 22.85 | 9.89 | 26.47 |
|
Metric
|
TSM
|
005930
|
INTC
|
|---|---|---|---|
Quick Ratio | 2.13 | 1.96 | 0.95 |
Current Ratio | 2.46 | 2.54 | 1.60 |
Interest Coverage | — | 15.02 | −8.63 |
|
Metric
|
TSM
|
005930
|
INTC
|
|---|---|---|---|
Return on Assets (Normalized) | 27.48% | 15.73% | 1.12% |
Return on Equity (Normalized) | 40.65% | 20.73% | 2.20% |
Return on Invested Capital (Normalized) | 32.66% | 18.46% | 1.36% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| NVIDIA Corp
NVDA
| LOCK|XR!%!PZS | LOCK|ps | $5T | |||
| Broadcom Inc
AVGO
| LOCK|BK%G@Z?P | LOCK|KX& | $2T | |||
| Micron Technology Inc
MU
| LOCK|Ky&^$k | LOCK|K% | $981B | |||
| Advanced Micro Devices Inc
AMD
| LOCK|h%?^^bjY | LOCK|p#Gb | $774B | |||
| SK hynix Inc ADR
SKHY
| LOCK|!yczpQ | LOCK|FV? | $713B | |||
| Intel Corp
INTC
| LOCK|$JV%Qgw | LOCK|&$ | $493B | |||
| ARM Holdings PLC ADR
ARM
| LOCK|ZBZ@s% | LOCK|#^ | $287B | |||
| Texas Instruments Inc
TXN
| LOCK|!%GzR!j | LOCK|<!T | $257B | |||
| Marvell Technology Inc
MRVL
| LOCK|d!sMmYk% | LOCK|Hvg<k | $191B |
/author-service-images-prod-us-east-1.publishing.aws.arc.pub/morningstar/51408a44-34a8-4b9e-9370-8acd8e7699af.jpg)
United States