Report of Foreign Issuer (6-k)
January 18 2018 - 6:11AM
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 January 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: January 18, 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 Fourth Quarter EPS of NT$3.83
Hsinchu, Taiwan, R.O.C., Jan 18, 2018
TSMC today announced consolidated revenue of NT$277.57 billion, net income of NT$99.29 billion, and
diluted earnings per share of NT$3.83 (US$0.64 per ADR unit) for the fourth quarter ended December 31, 2017.
Year-over-year, fourth quarter revenue
increased 5.9% while net income and diluted EPS both slightly decreased 0.9%. The decreases in net income and EPS were mainly due to the strong appreciation of NT dollars, which affected the operating profit margin rate negatively by about two
percentage points. Compared to third quarter 2017, fourth quarter results represented a 10.1% increase in revenue and a 10.4% increase in net income. All figures were prepared in accordance with TIFRS on a consolidated basis.
In US dollars, fourth quarter revenue was $9.21 billion, which increased 10.7% from the previous quarter and increased 11.6% year-over-year.
Gross margin for the quarter was 50.0%, operating margin was 39.2%, and net profit margin was 35.8%.
In the fourth quarter, shipments of 10-nanometer accounted for 25% of total wafer revenue; 16/20-nanometer process technology accounted for 20% of total wafer
revenue; and advanced technologies, defined as 28-nanometer and more advanced technologies, accounted for 63% of total wafer revenue.
Our fourth
quarter business was supported by major mobile product launches and continuing demand for cryptocurrency mining, said Lora Ho, SVP and Chief Financial Officer of TSMC. Moving into first quarter 2018, we expect the strong demand for
cryptocurrency mining will continue while mobile product seasonality will dampen our business in this quarter. Based on our current business outlook, management expects the overall performance for first quarter 2018 to be as follows:
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Revenue is expected to be between US$8.40 billion and US$8.50 billion;
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And, based on the exchange rate
assumption of 1 US dollar to 29.6 NT dollars,
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Gross profit margin is expected to be between 49.5% and 51.5%;
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Operating profit margin is expected to be between 38% and 40%.
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The management further expects the 2018
capital budget to be between US$10.5 billion and US$11 billion.
TSMCs 2017 Fourth quarter consolidated
results:
(Unit: NT$ million, except for EPS)
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4Q17
Amount
a
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4Q16
Amount
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YoY
Inc. (Dec.) %
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3Q17
Amount
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QoQ
Inc. (Dec.) %
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Net sales
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277,570
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262,227
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5.9
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252,107
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10.1
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Gross profit
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138,748
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137,109
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1.2
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125,880
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10.2
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Income from operations
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108,895
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109,907
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(0.9
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98,056
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11.1
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Income before tax
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111,675
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112,047
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(0.3
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100,518
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11.1
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Net income
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99,286
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100,200
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(0.9
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89,925
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10.4
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EPS (NT$)
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3.83
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b
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3.86
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b
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(0.9
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3.47
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b
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10.4
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a:
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4Q2017 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:
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TSMC Acting Spokesperson:
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For Further Information:
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Lora Ho
Senior VP & CFO
Tel:
886-3-505-4602
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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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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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