企業プロフィール · Technology

Taiwan Semiconductor Manufacturing Co. Ltd.

2330 · 台湾株
その他の上場TSM · 米国株
取引所
台湾株
国 / 地域
Taiwan
上場日
1994年9月5日
従業員数
76,907
公式サイト
www.tsmc.com
現在値
2,575
リアルタイム · 2026年10月5日
妥当買付価格
≤ 2,050
安全マージンの起点
ベイリー成長スコア
57/100
標準
Buffett Score
82/100
卓越
本源的価値 · 3 段階レンジ 現在値 2,575 リアルタイム · 妥当な本源的価値レンジ内

総合バリュエーションレンジ · 保守的 1,850–2,050 / 妥当 2,350–3,150 / 楽観的 4,250–4,700。2,575 時点で 妥当な本源的価値レンジ内。

レポート公開時 2,425(2026年7月31日)

時価総額NT$61.72兆
売上高(TTM)NT$4.1兆
EBITDANT$2.86兆
純利益率46.51%
ROE36.21%
PER (TTM)32.29
予想PER23.92
PEG1.16
EPSNT$73.71
配当利回り1.02%
52週レンジNT$976.43 – NT$2,415.00

データ提供:EODHD、報告通貨で表示。参考情報であり、投資助言ではありません。

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides various wafer fabrication processes, such as processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others. The company also involved in providing customer and engineering support services; manufacturing of masks; investment in technology start-up companies; research, designing, developing, manufacturing, packaging, testing, and sale of color filters; and investment activities. Its products are used in high performance computing, smartphones, Internet of things, automotive, and digital consumer electronics. Taiwan Semiconductor Manufacturing Company Limited was incorporated in 1987 and is headquartered in Hsinchu City, Taiwan.

沿革

Taiwan Semiconductor Manufacturing Company Limited (TSMC) is a platform manufacturer built on a pure-play wafer foundry model, complemented by advanced packaging, testing, and mask/design ecosystem services. It does not design or sell own-brand chips, instead manufacturing to customers' proprietary designs and therefore not competing with them. Its principal management and most core production facilities are located in Taiwan, alongside operations such as a fab in Nanjing, China. Since 2024, C.C. Wei has served as both Chairman and CEO.

業界での地位

TSMC is the global leader in advanced logic foundry and advanced packaging, holding an estimated 67.6%-70.4% share of the pure-play foundry market versus roughly 7.1% for Samsung's foundry. In 2025 it served 534 customers across 12,682 products, posted revenue of NT$3.81 trillion, and operated capacity exceeding 17 million 12-inch equivalent wafers, with processes at 7nm and below making up 74% of wafer revenue. Its strongest competitor is Samsung's foundry, with Intel Foundry a longer-term challenger, while UMC, GlobalFoundries, and SMIC hold positions in mature nodes.

57/100 ホールド TSMC: Earnings Have Outrun the Share Price to a 28.1x Trailing Multiple, but a Limit-Up Close at NT$2,425 Leaves Only a Limited Margin of Safety The world's largest pure-play semiconductor foundry, monetizing process technology, manufacturing scale and customer trust across advanced logic and packaging, with high-performance computing at 66% of Q2 revenue and 7-nanometer-and-below nodes at 77% of wafer revenue. Since the 2026-05-22 edition the ordinary share rose 8.5% while trailing EPS rose about 16.0%, compressing the trailing P/E from roughly 30.0 to 28.1 times, though almost the entire move arrived in one 9.98% limit-up session on the base date. Rating Hold: earnings have outrun the price, but the current quote lacks a conservative margin of safety against margin and geopolitical tail risk. Taiwan Semiconductor Manufacturing Company Limited2330 · 台湾株Semiconductors2026年7月31日 56/100 ウォッチ TSMC:バリュー投資の徹底研究 世界をリードする先端ロジック・ファウンドリで、ピュアプレイ・ファウンドリ市場の約70%を握り、FY2025 売上高は NT$3.81兆、粗利率は59.9%。台湾株の現値 NT$2235、TTM PER 約29.5倍では、株価はすでに適正価値を上回り、安全マージンは薄い。レーティングはウォッチ:ワールドクラスの事業だが、株価にはもはやクッションが残っていない。 Taiwan Semiconductor Manufacturing Company Limited2330 · 台湾株AI Chips2026年5月22日