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GuruFocus has detected 4 Warning Signs with Taiwan Semiconductor Manufacturing Co Ltd $TSM.
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Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM)
Research & Development
$2,376 Mil (TTM As of Mar. 2017)

This is the expense the company spent on research and development. Taiwan Semiconductor Manufacturing Co Ltd's research and development for the three months ended in Mar. 2017 was $633 Mil. Its research and development for the trailing twelve months (TTM) ended in Mar. 2017 was $2,376 Mil.


Definition

This is the expense the company spent on research and development.

Taiwan Semiconductor Manufacturing Co Ltd Research & Development for the trailing twelve months (TTM) ended in Mar. 2017 was 523.329411765 (Jun. 2016 ) + 595.250538844 (Sep. 2016 ) + 623.76765988 (Dec. 2016 ) + 633.383895565 (Mar. 2017 ) = $2,376 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.


Related Terms

Gross Profit


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Taiwan Semiconductor Manufacturing Co Ltd Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Research & Development 5536486709931,1181,3911,6131,8131,9992,225

Taiwan Semiconductor Manufacturing Co Ltd Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
Research & Development 509534538505478479523595624633
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