Report of Foreign Issuer (6-k)
July 13 2017 - 7:45AM
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 July 2017
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.
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Taiwan Semiconductor Manufacturing Company Ltd.
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Date: July 13, 2017
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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 Second Quarter EPS of NT$2.56
Hsinchu, Taiwan, R.O.C., July
13, 2017 —
TSMC today announced consolidated revenue of NT$213.86 billion, net income of
NT$66.27 billion, and diluted earnings per share of NT$2.56 (US$0.42 per ADR unit) for the second quarter ended June 30, 2017.
Year-over-year,
second quarter revenue decreased 3.6% while net income and diluted EPS both decreased 8.6%. Compared to first quarter 2017, second quarter results represent an 8.6% decrease in revenue, and a 24.4% decrease in net income. All figures were prepared
in accordance with TIFRS on a consolidated basis.
In US dollars, second quarter revenue was $7.06 billion, which decreased 5.9% from the previous
quarter but increased 3.2% year-over-year. The NT dollar exchange rate against the US dollar in the second quarter 2017 has appreciated 2.8% from 1Q’17 and 6.6% from 2Q’16.
Gross margin for the quarter was 50.8%, operating margin was 38.9%, and net profit margin was 31.0%.
In the second quarter, shipments of
10-nanometer
accounted for 1% of total wafer revenue;
16/20-nanometer
process technology accounted for 26% of total wafer revenue; and advanced technologies, defined as
28-nanometer
and more advanced technologies, accounted for
54% of total wafer revenue.
“In addition to supply chain inventory management and mobile product seasonality, the continuing unfavorable exchange
rate further impacted our second quarter business,” said Lora Ho, SVP and Chief Financial Officer of TSMC. “Moving into third quarter, we expect our business will benefit from new product launches of TSMC
10-nanometer
mobile devices. Based on our current business outlook, management expects overall performance for third quarter 2017 to be as follows”:
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Revenue is expected to be between US$8.12 billion and US$8.22 billion;
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And, based on the exchange
rate assumption of 1 US dollar to 30.3 NT dollars,
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•
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Gross profit margin is expected to be between 48.5% and 50.5%;
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•
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Operating profit margin is expected to be between 37% and 39%.
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TSMC’s 2017 Second quarter consolidated results :
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(Unit: NT$ million, except for EPS)
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2Q17
Amount
a
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2Q16
Amount
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YoY
Inc. (Dec.) %
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1Q17
Amount
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QoQ
Inc. (Dec.) %
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Net sales
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213,856
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221,810
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(3.6
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233,914
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(8.6
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)
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Gross profit
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108,708
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114,334
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(4.9
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121,490
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(10.5
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)
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Income from operations
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83,256
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91,321
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(8.8
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95,352
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(12.7
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Income before tax
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86,118
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93,406
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(7.8
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97,822
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(12.0
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Net income
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66,271
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72,506
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(8.6
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87,629
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(24.4
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EPS (NT$)
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2.56
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b
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2.80
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b
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(8.6
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3.38
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b
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(24.4
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)
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a:
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2Q2017 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 world’s largest dedicated semiconductor foundry, providing the industry’s leading process technology and the foundry’s largest
portfolio of process-proven libraries, IPs, design tools and reference flows. The Company’s owned capacity in 2017 is expected to reach above 11 million
(12-inch
equivalent) wafers, including
capacity from three advanced
12-inch
GIGAFAB
®
facilities, four eight-inch fabs, one
six-inch
fab, as well as
TSMC’s wholly owned subsidiaries, WaferTech and TSMC China. TSMC is the first foundry to provide both 20nm and 16nm 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 Communication 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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