Report of Foreign Issuer (6-k)
October 19 2017 - 6:50AM
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 October 2017
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: October 19, 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 Third Quarter EPS of NT$3.47
Hsinchu, Taiwan, R.O.C., Oct 19, 2017
TSMC today announced consolidated revenue of NT$252.11 billion, net income of NT$89.93 billion,
and diluted earnings per share of NT$3.47 (US$0.57 per ADR unit) for the third quarter ended September 30, 2017.
Year-over-year, third quarter
revenue decreased 3.2% while net income and diluted EPS both decreased 7.1%. Compared to second quarter 2017, third quarter results represented a 17.9% increase in revenue and a 35.7% increase in net income. All figures were prepared in accordance
with TIFRS on a consolidated basis.
In US dollars, third quarter revenue was $8.32 billion, which increased 17.9% from the previous quarter and
increased 1.5% year-over-year.
Gross margin for the quarter was 49.9%, operating margin was 38.9%, and net profit margin was 35.7%.
In the third quarter, shipments of
10-nanometer
accounted for 10% of total wafer revenue;
16/20-nanometer
process technology accounted for 24% of total wafer revenue; and advanced technologies, defined as
28-nanometer
and more advanced technologies, accounted for
57% of total wafer revenue.
The strength of our third quarter revenue was driven mainly by major mobile product launches and a generally healthy
demand environment, including cryptocurrency mining. However, this strength of our third quarter revenue was partially dampened by our customers continued inventory management, said Lora Ho, SVP and Chief Financial Officer of TSMC.
We expect our fourth quarter business will continue to be supported by the major mobile product launches, while our customers continue their inventory management. Based on our current business outlook, management expects the overall
performance for fourth quarter 2017 to be as follows:
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Revenue is expected to be between US$9.10 billion and US$9.20 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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Gross profit margin is expected to be between 48% and 50%;
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Operating profit margin is expected to be between 37% and 39%.
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The management further expects the 2017
capital budget to be about US$10.8 billion.
TSMCs 2017 Third quarter consolidated results:
(Unit: NT$ million, except for EPS)
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3Q17
Amount
a
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3Q16
Amount
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YoY
Inc. (Dec.) %
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2Q17
Amount
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QoQ
Inc. (Dec.) %
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Net sales
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252,107
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260,406
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(3.2
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)
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213,856
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17.9
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Gross profit
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125,880
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132,051
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(4.7
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)
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108,708
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15.8
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Income from operations
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98,056
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106,263
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(7.7
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)
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83,256
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17.8
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Income before tax
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100,518
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108,250
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(7.1
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86,118
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16.7
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Net income
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89,925
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96,759
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(7.1
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)
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66,271
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35.7
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EPS (NT$)
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3.47
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b
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3.73
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b
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(7.1
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2.56
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b
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35.7
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a: 3Q2017 figures have not been approved by Board of Directors
b: Based on 25,930 million weighted average outstanding shares
About TSMC
TSMC is the worlds largest dedicated
semiconductor foundry, providing the industrys leading process technology and the foundrys largest portfolio of process-proven libraries, IPs, design tools and reference flows. The Companys 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 TSMCs 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 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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