Taiwan Semiconductor Manufacturing Co Ltd
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Information Technology : Semiconductors & Semiconductor Equipment | Large Cap Blend
Based in Taiwan, Province Of China
Company profile

Taiwan Semiconductor Manufacturing Co., Ltd. is principally engaged in the manufacture and sale of integrated circuits and semiconductor products. The Company is mainly engaged in the manufacture, sale and packaging test of integrated circuits and other semiconductor devices, the manufacture of masks, as well as the provision of computer-aided design services. The Company's products are applied to personal computer (PCs) and peripheral products, information applications, wired and wireless communication systems, industrial equipment, consumer electronics such as digital video disc players, digital TVs, game consoles and digital cameras. The Company is also engaged in the development of 5 nanometer process technology, mask technology, complementary metal oxide semiconductor (CMOS) image sensor technology, three dimensional (3D) IC and TSMC system on integrated chips (TSMC-SoIC) technology, among others. The Company distributes its products to the United States, Asia and Europe.

This security is an American depositary receipt
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Price
Delayed
$108.71
Day's Change
-4.15 (-3.67%)
Bid
--
Ask
--
B/A Size
--
Day's High
110.09
Day's Low
108.11
Volume
(Heavy Day)

Today's volume of 9,937,680 shares is on pace to be much greater than TSM's 10-day average volume of 9,067,083 shares.

9,937,680

Exxon floats idea for $100 billion private-public carbon capture hub, largest of its kind

8:08 pm ET April 20, 2021 (MarketWatch)
Print

Rachel Koning Beals

Exxon Mobil has floated a proposal for a public-private project that would grab carbon dioxide emissions from U.S. petrochemical plants and bury them deep in the Gulf of Mexico.

If realized, it would be the world's largest carbon capture and sequestration effort.

Exxon(XOM) says it needs "$100 billion or more" from companies and government agencies for the project intended to store 50 million metric tons of CO2 by 2030, with capacity potentially doubling by 2040.

"It will need government and private-sector funding, as well as enhanced regulatory and legal frameworks that enable investment and innovation," Exxon said.

Joe Blommaert, president of Exxon's Low Carbon Solutions business, made the announcement in a blog post (https://energyfactor.exxonmobil.com/insights/partners/houston-ccs-hub/). Just a few months on the job, his role at the U.S's largest fossil-fuel company is meant to turn carbon capture into a money-making enterprise and secure the future of a diverse energy mix for an industry under pressure to adapt.

Oil and gas concerns have pushed for incentives to build out carbon capture technology in large part because the process is seen allowing them to continue to pump fossil fuels and still align with the Biden administration's push toward net-zero emissions.

Republicans promoting climate-change legislation have emphasized the important role of carbon capture as a way to hold down emissions. Environmental advocates are worried carbon capture shifts the emphasis from renewables. They argue the U.S. won't hit key emissions-reduction targets without dramatically cutting fossil-fuel burning.

The Biden administration indicated that it's willing to boost incentives for carbon capture in the Made In America Tax Plan released earlier this month.

Exxon has not said how much it will put up for the project. Last year, the company put a smaller, $260 million carbon capture project in Wyoming on hold due to the economic slowdown from COVID-19.

It's not the only oil and gas concern pushing for carbon capture.

Chevron Corp.(CVX) is partnering with Microsoft Corp.(MSFT), oilfield services firm Schlumberger New Energy(SLB) and privately held Clean Energy Systems to build a carbon capture plant in California (https://www.marketwatch.com/story/chevron-deepens-carbon-capture-push-with-microsoft-schlumberger-linkage-11614881184).

The ability of powerhouses like Exxon, Chevron and other Big Oil competitors to scale carbon capture is part of the appeal for those in favor of the technology.

Read:Major banks, including JPMorgan and Citi, have invested $3.8 trillion in fossil fuels since the Paris Agreement (https://www.marketwatch.com/story/major-banks-including-jpmorgan-and-citi-have-invested-3-8-trillion-in-fossil-fuels-since-the-paris-agreement-11616635285)

Shares of Exxon are up 34% over the past year and so far in 2021. Chevron stock is up roughly 20% in 2021 to date and up 24% over the past year.

-Rachel Koning Beals; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

April 20, 2021 20:08 ET (00:08 GMT)

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