6-K 1 d560280d6k.htm FORM 6-K Form 6-K

1934 Act Registration No. 1-14700

 

 

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

FORM 6-K

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF

THE SECURITIES EXCHANGE ACT OF 1934

For the month of July 2018

 

 

Taiwan Semiconductor Manufacturing Company Ltd.

(Translation of Registrant’s Name Into English)

 

 

No. 8, Li-Hsin Rd. 6,

Hsinchu Science Park,

Taiwan

(Address of Principal Executive Offices)

 

 

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)

Form 20-F  ☒            Form 40-F  ☐

(Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)

Yes  ☐            No  ☒

(If “Yes” is marked, indicated below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82:             .)

 

 

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

    Taiwan Semiconductor Manufacturing Company Ltd.
Date: July 19, 2018     By  

/s/ Lora Ho

      Lora Ho
      Senior Vice President & Chief Financial Officer


LOGO

TSMC Reports Second Quarter EPS of NT$2.79

Hsinchu, Taiwan, R.O.C., July 19, 2018 — TSMC today announced consolidated revenue of NT$233.28 billion, net income of NT$72.29 billion, and diluted earnings per share of NT$2.79 (US$0.47 per ADR unit) for the second quarter ended June 30, 2018.

Year-over-year, second quarter revenue, net income and diluted EPS all increased 9.1%. Compared to first quarter 2018, second quarter results represented a 6.0% decrease in revenue and a 19.5% decrease in net income. All figures were prepared in accordance with TIFRS on a consolidated basis.

In US dollars, second quarter revenue was $7.85 billion, which decreased 7.2% from the previous quarter but increased 11.2% year-over-year.

Gross margin for the quarter was 47.8%, operating margin was 36.2%, and net profit margin was 31.0%.

In the second quarter, shipments of 10-nanometer accounted for 13% of total wafer revenue; 16/20-nanometer process technology accounted for 25% of total wafer revenue; and advanced technologies, defined as 28-nanometer and more advanced technologies, accounted for 61% of total wafer revenue.

“Our second quarter business was mainly impacted by the mobile product seasonality, while the continuing strong demand from cryptocurrency mining and a more favorable currency exchange rate moderated the mobile softness,” said Lora Ho, SVP and Chief Financial Officer of TSMC. “Moving into third quarter 2018, we anticipate our business will benefit from new product launches using TSMC 7-nanometer technology while cryptocurrency mining demand will decrease from second quarter. Based on our current business outlook, management expects the overall performance for third quarter 2018 to be as follows”:

 

Revenue is expected to be between US$8.45 billion and US$8.55 billion;

And, based on the exchange rate assumption of 1 US dollar to 30.5 NT dollars,

 

Gross profit margin is expected to be between 48% and 50%;

 

Operating profit margin is expected to be between 36.5% and 38.5%.


LOGO

TSMC’s 2018 second quarter consolidated results:

(Unit: NT$ million, except for EPS)

     2Q18
Amounta
    2Q17
Amount
    YoY
Inc. (Dec.) %
     1Q18
Amount
    QoQ
Inc. (Dec.) %
 

Net sales

     233,276       213,856       9.1        248,079       (6.0

Gross profit

     111,530       108,708       2.6        124,858       (10.7

Income from operations

     84,428       83,256       1.4        96,827       (12.8

Income before tax

     87,587       86,118       1.7        99,944       (12.4

Net income

     72,290       66,271       9.1        89,785       (19.5

EPS (NT$)

     2.79 b       2.56 b       9.1        3.46 b       (19.5

 

a: 2Q2018 figures have not been approved by Board of Directors
b: Based on 25,930 million weighted average outstanding shares

About TSMC

TSMC is the world’s largest dedicated semiconductor foundry, providing the industry’s leading process technology and foundry’s largest portfolio of process-proven libraries, IPs, design tools and reference flows. The Company’s owned capacity in 2018 is expected to exceed 12 million (12-inch equivalent) wafers, including capacity from three advanced 12-inch GIGAFAB® facilities, four eight-inch fabs, and one six-inch fab, in Taiwan, as well as TSMC’s wholly owned subsidiaries, WaferTech, TSMC China, and TSMC Nanjing. TSMC is the first foundry to provide 7-nanometer production capabilities. Its corporate headquarters are in Hsinchu, Taiwan. For more information about TSMC please visit http://www.tsmc.com.

#    #    #

 

TSMC Spokesperson:

 

Lora Ho

Senior VP & CFO

Tel: 886-3-505-4602

  

TSMC Acting Spokesperson:

 

Elizabeth Sun

Senior Director

Corporate Communications

Division

Tel: 886-3-568-2085

Mobile: 886-988-937-999

E-Mail: elizabeth_sun@tsmc.com

  

For Further Information:

 

Michael Kramer

Project Manager

Tel: 886-3-563-6688

Ext. 7125031

Mobile: 886-988-931-352

E-Mail: pdkramer@tsmc.com

  

 

Hui-Chung Su

Senior Administrator

PR Department

Tel: 886-3-563-6688

Ext. 7125033

Mobile: 886-988-930-039

E-Mail: hcsuq@tsmc.com