Report of Foreign Issuer (6-k)
19 April 2018 - 9:52PM
Edgar (US Regulatory)
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 April 2018
Taiwan
Semiconductor Manufacturing Company Ltd.
(Translation of Registrants 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.
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Taiwan Semiconductor Manufacturing Company Ltd.
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Date: April 19, 2018
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By
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/s/ Lora Ho
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Lora Ho
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Senior Vice President & Chief Financial Officer
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TSMC Reports First Quarter EPS of NT$3.46
Hsinchu, Taiwan, R.O.C., April
19, 2018
TSMC today announced consolidated revenue of NT$248.08 billion, net income of
NT$89.79 billion, and diluted earnings per share of NT$3.46 (US$0.59 per ADR unit) for the first quarter ended March 31, 2018.
Year-over-year,
first quarter revenue increased 6.1% while net income and diluted EPS both increased 2.5%. Compared to fourth quarter 2017, first quarter results represented a 10.6% decrease in revenue and a 9.6% decrease in net income. All figures were prepared in
accordance with TIFRS on a consolidated basis.
In US dollars, first quarter revenue was $8.46 billion, which decreased 8.2% from the previous
quarter but increased 12.7% year-over-year.
Gross margin for the quarter was 50.3%, operating margin was 39%, and net profit margin was 36.2%.
In the first quarter, shipments of
10-nanometer
accounted for 19% of total wafer revenue;
16/20-nanometer
process technology accounted for 22% of total wafer revenue; and advanced technologies, defined as
28-nanometer
and more advanced technologies, accounted for
61% of total wafer revenue.
Our first quarter business was impacted by an unfavorable foreign exchange rate as NT dollar has appreciated by 5.9%
against US dollar over first quarter of 2017, as well as mobile product seasonality, while the continuing strong demand for cryptocurrency mining moderated the mobile softness, said Lora Ho, SVP and Chief Financial Officer of TSMC.
Moving into second quarter 2018, continued weak demand from our mobile sector will negatively impact our business despite strength in cryptocurrency mining. Based on our current business outlook, management expects the overall performance for
second quarter 2018 to be as follows:
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Revenue is expected to be between US$7.80 billion and US$7.90 billion;
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And, based on the exchange
rate assumption of 1 US dollar to 29.20 NT dollars,
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Gross profit margin is expected to be between 47% and 49%;
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Operating profit margin is expected to be between 35% and 37%.
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The management further expects 2018 capital
budget to be between US$11.5 billion and US$12 billion.
TSMCs 2018 first quarter consolidated results:
(Unit: NT$ million, except for EPS)
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1Q18
Amount
a
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1Q17
Amount
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YoY
Inc. (Dec.) %
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4Q17
Amount
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QoQ
Inc. (Dec.) %
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Net sales
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248,079
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233,914
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6.1
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277,570
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(10.6
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Gross profit
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124,858
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121,490
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2.8
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138,748
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(10.0
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Income from operations
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96,827
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95,352
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1.5
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108,895
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(11.1
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Income before tax
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99,944
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97,822
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2.2
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111,675
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(10.5
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Net income
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89,785
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87,629
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2.5
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99,286
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(9.6
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EPS (NT$)
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3.46
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b
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3.38
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b
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2.5
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3.83
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b
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(9.6
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a:
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1Q2018 figures have not been approved by Board of Directors
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b:
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Based on 25,930 million weighted average outstanding shares
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About TSMC
TSMC is the worlds largest dedicated semiconductor foundry, providing the industrys leading process technology and foundrys largest portfolio
of process-proven libraries, IPs, design tools and reference flows. The Companys 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
TSMCs 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
.
# # #
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TSMC Spokesperson:
Lora Ho
Senior VP & CFO
Tel: 886-3-505-4602
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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
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For Further Information:
Michael Kramer
Project Manager
Tel:
886-3-563-6688
Ext. 7125031
Mobile:
886-988-931-352
E-Mail:
pdkramer@tsmc.com
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Hui-Chung Su
Senior Administrator
PR Department
Tel:
886-3-563-6688
Ext. 7125033
Mobile:
886-988-930-039
E-Mail:
hcsuq@tsmc.com
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