SCHEDULE 13G/A: BlackRock Amends Passive Stake in Taiwan Semiconductor Manufacturing Co. Ltd., Holding 4.4% of Common Stock

BlackRock, Inc. has filed an Amendment No. 3 to its Schedule 13G, disclosing a passive beneficial ownership of 4.4% in Taiwan Semiconductor Manufacturing Co. Ltd. as of March 31, 2025.

Summary

• BlackRock, Inc. filed an Amendment No. 3 to its Schedule 13G regarding its beneficial ownership in Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC).
• As of March 31, 2025, BlackRock, Inc. beneficially owned an aggregate of 1,139,788,033 shares of TSMC's Common Stock.
• This aggregate ownership represents 4.4% of the class of securities.
• BlackRock holds sole voting power over 1,046,506,931 shares and sole dispositive power over 1,139,788,033 shares.
• The filing explicitly states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of TSMC.
• No single person's interest within BlackRock's holdings is more than five percent of TSMC's total outstanding common shares.

Sentiment

Score: 5

Explanation: The document is a factual, regulatory disclosure of beneficial ownership and does not convey positive or negative sentiment regarding the issuer's performance or outlook. It is neutral.

Positives

• NA

Negatives

• NA

Risks

• The document itself does not detail specific risks related to TSMC's operations or financial health, as it is a beneficial ownership disclosure by an investor. It only states that the holdings are for ordinary course of business and not for control.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding the issuer's (TSMC) future performance or BlackRock's investment strategy beyond the passive nature of the holding.

Industry Context

This Schedule 13G filing indicates BlackRock's continued significant, yet passive, investment in Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC), a global leader in the semiconductor foundry industry. Such filings are standard disclosures for large institutional investors holding over 5% of a company's stock, signifying a long-term, non-controlling interest. TSMC's role as a critical supplier for numerous technology companies makes it a staple holding for many major asset managers.

Comparison to Industry Standards

• This document is a standard Schedule 13G filing, which is a regulatory requirement for institutional investors like BlackRock when their beneficial ownership of a company's stock exceeds 5% (or when an amendment is required for changes in holdings).
• BlackRock's 4.4% stake in TSMC is a substantial passive investment, typical for large asset managers who hold diversified portfolios including leading companies in key industries.
• The filing explicitly states the passive nature of the investment, which is consistent with the purpose of a Schedule 13G (as opposed to a Schedule 13D, which indicates an intent to influence or control).

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake, confirming BlackRock's continued passive investment in TSMC.
• Company Management: Confirms that BlackRock's holding is for investment purposes only and not intended to influence control, providing clarity on the investor base.

Next Steps

• BlackRock, Inc. will continue to file amendments to this Schedule 13G as required by SEC regulations, typically annually or upon significant changes in beneficial ownership.

Key Dates

Keywords

Taiwan Semiconductor Manufacturing Co. Ltd., TSMC, BlackRock, Schedule 13G, Beneficial Ownership, Passive Investment, Semiconductor Industry, Institutional Investor, Common Stock