Latest news with #TSMCGlobal
Yahoo
02-07-2025
- Business
- Yahoo
Taiwan Semiconductor Manufacturing Company Limited (TSM) To Inject $10B Capital In Unit To Counter FX Volatility
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is among the 13 Best Big Name Stocks to Buy Now. The company is set to inject $10 billion in capital into its overseas unit, TSMC Global Ltd., to counter foreign exchange fluctuations. A close-up of a complex network of integrated circuits used in logic semiconductors. The unit has approved a plan to raise capital by issuing new shares worth $10 billion to the parent company to cut foreign exchange hedging costs. This is the third such deal since 2024, said Bloomberg. The capital injection is for general investment purposes, mainly bonds and bank deposits, according to a statement from Taiwan's Department of Investment Review. It is part of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)'s efforts to shift its forex holdings to the unit to help with hedging costs and maintain financial stability. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) produces around 90% of the world's super-advanced semiconductor chips used to power electronic devices such as smartphones, servers, and laptops. These chips are also used to run most artificial intelligence applications. While we acknowledge the potential of TSM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-06-2025
- Business
- Yahoo
TSMC Unit to Issue $10 Billion of Stock to Counter Forex Swings
(Bloomberg) -- Taiwan Semiconductor Manufacturing Co.'s overseas unit is set to issue $10 billion worth of new stock to shore up its forex hedging operations, making its biggest such move to counter a volatile local currency. Bezos Wedding Draws Protests, Soul-Searching Over Tourism in Venice US Renters Face Storm of Rising Costs US State Budget Wounds Intensify From Trump, DOGE Policy Shifts Commuters Are Caught in Johannesburg's Taxi Feuds as Transit Lags TSMC Global Ltd. is poised to issue the shares to help it hedge against forex swings, the company said in a statement. It's the third such deal since 2024, and by far the largest. They occurred during periods when the Taiwan dollar tended to appreciate. The moves grant TSMC Global — the vehicle responsible for managing overseas investments and hedging — more capital flexibility in managing exchange rate risks. Recent gains by the Taiwan dollar have caused worries in Taipei about the economy's heavy reliance on exports. In May, the currency notched its biggest single-day gain since the 1980s, spurring calls from the central bank to curb speculation. 'Generally speaking, the heightened forex volatility would mean that banks may be adjusting their margin requirements,' said Philip McNicholas, Asia sovereign strategist at Robeco based in Singapore. 'Issuing new shares, and bringing in an immediate cash injection, may help companies manage the margin requirements on both existing and new hedges.' TSMC, the main chipmaker to Apple Inc. and Nvidia Corp., is by far the island's biggest company and exporter because the majority of its production is domestic. A stronger Taiwan dollar hurts exporters because the US dollars they earn from sales abroad would translate into less of the local currency, or they would need to raise their prices overseas and risk denting demand. In June, Chief Executive Officer C. C. Wei told shareholders the company's operating margin has fallen several percentage points because of a stronger local currency. Inside Gap's Last-Ditch, Tariff-Addled Turnaround Push Luxury Counterfeiters Keep Outsmarting the Makers of $10,000 Handbags Ken Griffin on Trump, Harvard and Why Novice Investors Won't Beat the Pros Is Mark Cuban the Loudmouth Billionaire that Democrats Need for 2028? Can 'MAMUWT' Be to Musk What 'TACO' Is to Trump? ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Times
25-06-2025
- Business
- Business Times
TSMC unit to issue US$10 billion of stock to counter forex swings
[TAIPEI] Taiwan Semiconductor Manufacturing Co's overseas unit is set to issue US$10 billion worth of new stock to shore up its forex hedging operations, making its biggest such move to counter a volatile local currency. TSMC Global is poised to issue the shares to help it hedge against forex swings, the company said in a statement. It's the third such deal since 2024, and by far the largest. They occurred during periods when the Taiwan dollar tended to appreciate. The moves grant TSMC Global – the vehicle responsible for managing overseas investments and hedging – more capital flexibility in managing exchange rate risks. Recent gains by the Taiwan dollar have caused worries in Taipei about the economy's heavy reliance on exports. In May, the currency notched its biggest single-day gain since the 1980s, spurring calls from the central bank to curb speculation. 'Generally speaking, the heightened forex volatility would mean that banks may be adjusting their margin requirements,' said Philip McNicholas, Asia sovereign strategist at Robeco based in Singapore. 'Issuing new shares, and bringing in an immediate cash injection, may help companies manage the margin requirements on both existing and new hedges.' TSMC, the main chipmaker to Apple and Nvidia, is by far the island's biggest company and exporter because the majority of its production is domestic. A stronger Taiwan dollar hurts exporters because the US dollars they earn from sales abroad would translate into less of the local currency, or they would need to raise their prices overseas and risk denting demand. In June, chief executive officer CC Wei told shareholders the company's operating margin has fallen several percentage points because of a stronger local currency. BLOOMBERG
Yahoo
25-06-2025
- Business
- Yahoo
TSMC Unit to Issue $10 Billion of Stock to Counter Forex Swings
(Bloomberg) -- Taiwan Semiconductor Manufacturing Co.'s overseas unit is set to issue $10 billion worth of new stock to shore up its forex hedging operations, making its biggest such move to counter a volatile local currency. Bezos Wedding Draws Protests, Soul-Searching Over Tourism in Venice US Renters Face Storm of Rising Costs US State Budget Wounds Intensify From Trump, DOGE Policy Shifts Commuters Are Caught in Johannesburg's Taxi Feuds as Transit Lags TSMC Global Ltd. is poised to issue the shares to help it hedge against forex swings, the company said in a statement. It's the third such deal since 2024, and by far the largest. They occurred during periods when the Taiwan dollar tended to appreciate. The moves grant TSMC Global — the vehicle responsible for managing overseas investments and hedging — more capital flexibility in managing exchange rate risks. Recent gains by the Taiwan dollar have caused worries in Taipei about the economy's heavy reliance on exports. In May, the currency notched its biggest single-day gain since the 1980s, spurring calls from the central bank to curb speculation. 'Generally speaking, the heightened forex volatility would mean that banks may be adjusting their margin requirements,' said Philip McNicholas, Asia sovereign strategist at Robeco based in Singapore. 'Issuing new shares, and bringing in an immediate cash injection, may help companies manage the margin requirements on both existing and new hedges.' TSMC, the main chipmaker to Apple Inc. and Nvidia Corp., is by far the island's biggest company and exporter because the majority of its production is domestic. A stronger Taiwan dollar hurts exporters because the US dollars they earn from sales abroad would translate into less of the local currency, or they would need to raise their prices overseas and risk denting demand. In June, Chief Executive Officer C. C. Wei told shareholders the company's operating margin has fallen several percentage points because of a stronger local currency. Inside Gap's Last-Ditch, Tariff-Addled Turnaround Push Luxury Counterfeiters Keep Outsmarting the Makers of $10,000 Handbags Ken Griffin on Trump, Harvard and Why Novice Investors Won't Beat the Pros Is Mark Cuban the Loudmouth Billionaire that Democrats Need for 2028? Can 'MAMUWT' Be to Musk What 'TACO' Is to Trump? ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
25-06-2025
- Business
- Bloomberg
TSMC Unit to Issue $10 Billion of Stock to Counter Forex Swings
Taiwan Semiconductor Manufacturing Co. 's overseas unit is set to issue $10 billion worth of new stock to shore up its forex hedging operations, making its biggest such move to counter a volatile local currency. TSMC Global Ltd. is poised to issue the shares to help it hedge against forex swings, the company said in a statement. It's the third such deal since 2024, and by far the largest. They occurred during periods when the Taiwan dollar tended to appreciate. The moves grant TSMC Global — the vehicle responsible for managing overseas investments and hedging — more capital flexibility in managing exchange rate risks.
