台湾セミコンダクターADRの適時開示

6-K 1 tsm-20240418x6k.htm 6-K Document

1934 Act Registration No. 1-14700

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_____________________________

FORM 6-K

_____________________________

REPORT OF FOREIGN PRIVATE ISSUER

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

THE SECURITIES EXCHANGE ACT OF 1934

For the month of April 2024

(Commission File Number: 001-14700)

_____________________________

Taiwan Semiconductor Manufacturing Company Ltd.

(Translation of Registrant’s Name Into English)

_____________________________

No. 8, Li-Hsin Rd. 6,

Hsinchu Science Park,

Taiwan, R.O.C.

(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 x Form 40-F o

Indicate by check mark if the registrant is submitting the Form 6-K in papers as permitted by Regulation S-T Rule 101(b)(1):o

Indicate by check mark if the registrant is submitting the Form 6-K in papers as permitted by Regulation S-T Rule 101(b)(7):o

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: April 18, 2024

/s/ Wendell Huang

Wendell Huang

Senior Vice President & Chief Financial Officer

Exhibits


Exhibit Number			Exhibit Description
99.1			Press release issued by TSMC on April 18, 2024.
99.2			202 4 F i rst Quarter Earnings Conference Presentation Material.

EX-99.1 2 a1q24e_withguidancexfinal.htm EX-99.1 Document

TSMC Reports First Quarter EPS of NT$8.70

HSINCHU, Taiwan, R.O.C., Apr. 18, 2024 -- TSMC (TWSE: 2330, NYSE: TSM) today announced consolidated revenue of NT$592.64 billion, net income of NT$225.49 billion, and diluted earnings per share of NT$8.70 (US$1.38 per ADR unit) for the first quarter ended March 31, 2024.

Year-over-year, first quarter revenue increased 16.5% while net income and diluted EPS both increased 8.9%. Compared to fourth quarter 2023, first quarter results represented a 5.3% decrease in revenue and a 5.5% decrease in net income. All figures were prepared in accordance with TIFRS on a consolidated basis.

In US dollars, first quarter revenue was $18.87 billion, which increased 12.9% year-over-year but decreased 3.8% from the previous quarter.

Gross margin for the quarter was 53.1%, operating margin was 42.0%, and net profit margin was 38.0%.

In the first quarter, shipments of 3-nanometer accounted for 9% of total wafer revenue; 5-nanometer accounted for 37%; 7-nanometer accounted for 19%. Advanced technologies, defined as 7-nanometer and more advanced technologies, accounted for 65% of total wafer revenue.

“Our business in the first quarter was impacted by smartphone seasonality, partially offset by continued HPC-related demand,” said Wendell Huang, Senior VP and Chief Financial Officer of TSMC. “Moving into second quarter 2024, we expect our business to be supported by strong demand for our industry-leading 3nm and 5nm technologies, partially offset by continued smartphone seasonality.”

Based on the Company’s current business outlook, management expects the overall performance for second quarter 2024 to be as follows:

•Revenue is expected to be between US$19.6 billion and US$20.4 billion;

And, based on the exchange rate assumption of 1 US dollar to 32.3 NT dollars,

•Gross profit margin is expected to be between 51% and 53%;

•Operating profit margin is expected to be between 40% and 42%.

TSMC’s 2024 first quarter consolidated results:

(Unit: NT$ million, except for EPS)


	1Q24 Amounta	1Q23 Amount	YoY Inc. (Dec.) %	4Q23 Amount	QoQ Inc. (Dec.) %
Net sales	592,644	508,633	16.5	625,529	(5.3)
Gross profit	314,505	286,500	9.8	331,768	(5.2)
Income from operations	249,018	231,238	7.7	260,205	(4.3)


Income before tax	266,543	244,275	9.1	278,281	(4.2)
Net income	225,485	206,987	8.9	238,712	(5.5)
EPS (NT$)	8.70b	7.98c	8.9	9.21c	(5.5)

a: 1Q2024 figures have not been approved by Board of Directors

b: Based on 25,930 million weighted average outstanding shares

c: Based on 25,929 million weighted average outstanding shares

About TSMC

TSMC pioneered the pure-play foundry business model when it was founded in 1987, and has been the world’s leading dedicated semiconductor foundry ever since. The Company supports a thriving ecosystem of global customers and partners with the industry’s leading process technologies and portfolio of design enablement solutions to unleash innovation for the global semiconductor industry. With global operations spanning Asia, Europe, and North America, TSMC serves as a committed corporate citizen around the world.

TSMC deployed 288 distinct process technologies, and manufactured 11,895 products for 528 customers in 2023 by providing broadest range of advanced, specialty and advanced packaging technology services. The Company is headquartered in Hsinchu, Taiwan. For more information please visit https://www.tsmc.com.

# # #


TSMC Spokesperson: Wendell Huang Senior Vice President and CFO Tel: 886-3-505-5901			Media Contacts: Nina Kao Head of Public Relations Tel: 886-3-563-6688 ext.7125036 Mobile: 886-988-239-163 E-Mail: nina_kao@tsmc.com						Ulric Kelly Public Relations Tel: 886-3-563-6688 ext.7126541 Mobile: 886-978-111-503 E-Mail: ukelly@tsmc.com

EX-99.2 3 a1q24presentatione_x.htm EX-99.2 a1q24presentatione_x

Unleash Innovation TSMC, Ltd© 02024 TSMC Property Unleash Innovation 2024 First Quarter Earnings Conference April 18, 2024

Unleash Innovation TSMC, Ltd© 12024 TSMC Property Agenda • Welcome Jeff Su, IR Director • 1Q24 Financial Results and 2Q24 Outlook Wendell Huang, CFO • Key Messages Wendell Huang, CFO C.C. Wei, CEO • Q&A

Unleash Innovation TSMC, Ltd© 22024 TSMC Property Safe Harbor Notice • TSMC’s statements of its current expectations are forward-looking statements subject to significant risks and uncertainties and actual results may differ materially from those contained in the forward-looking statements. • Information as to those factors that could cause actual results to vary can be found in TSMC’s 2022 Annual Report on Form 20-F filed with the United States Securities and Exchange Commission (the “SEC”) on April 20, 2023 and such other documents as TSMC may file with, or submit to, the SEC from time to time. • Except as required by law, we undertake no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.

Unleash Innovation TSMC, Ltd© 32024 TSMC Property Statements of Comprehensive Income Selected Items from Statements of Comprehensive Income 1Q24 (In NT$ billions unless otherwise noted) Guidance Net Revenue (US$ billions) 18.87 18.0-18.8 19.62 16.72 -3.8% +12.9% Net Revenue 592.64 625.53 508.63 -5.3% +16.5% Gross Margin 53.1% 52%-54% 53.0% 56.3% +0.1 ppt -3.2 ppts Operating Expenses (65.36) (71.62) (55.31) -8.7% +18.2% Operating Margin 42.0% 40%-42% 41.6% 45.5% +0.4 ppt -3.5 ppts Non-Operating Items 17.52 18.07 13.04 -3.0% +34.4% Net Income Attributable to Shareholders of the Parent Company 225.49 238.71 206.99 -5.5% +8.9% Net Profit Margin 38.0% 38.2% 40.7% -0.2 ppt -2.7 ppts EPS (NT Dollar) 8.70 9.21 7.98 -5.5% +8.9% ROE 25.4% 28.1% 27.5% -2.7 ppts -2.1 ppts Shipment (Kpcs, 12"-equiv. Wafer) 3,030 2,957 3,227 +2.5% -6.1% Average Exchange Rate--USD/NTD 31.40 31.10 31.88 30.42 -1.5% +3.2% * Diluted weighted average outstanding shares were 25,930mn units in 1Q24 ** ROE figures are annualized based on average equity attributable to shareholders of the parent company 1Q24 4Q23 1Q23 1Q24 Over 4Q23 1Q24 Over 1Q23

Unleash Innovation TSMC, Ltd© 42024 TSMC Property - 50 100 150 200 250 300 350 400 R e v e n u e ( N T $ B ) 7nm 5nm 3nm 1Q24 Revenue by Technology 7nm and Below Revenue 0.11/0.13um 3% 90nm 1% 0.25um and above 1% 40/45nm 5% 28nm 8% 16nm 9% 0.15/0.18um 4% 65nm 4% 7nm 19% 5nm 37% 3nm 9%

Unleash Innovation TSMC, Ltd© 52024 TSMC Property 1Q24 Revenue by Platform +3% -16% +5% +0% +33% -8% Growth Rate by Platform (QoQ) Automotive 6% DCE 2% Others 2% IoT 6% Smartphone Automotive Others HPC IoT DCE HPC 46% Smartphone 38%

Unleash Innovation TSMC, Ltd© 62024 TSMC Property Balance Sheets & Key Indices Selected Items from Balance Sheets (In NT$ b illions) Amount % Amount % Amount % Cash & Marketable Securities 1,922.66 33.2% 1,687.65 30.5% 1,589.19 31.6% Accounts Receivable 201.98 3.5% 201.94 3.7% 148.05 2.9% Inventories 267.12 4.6% 250.99 4.5% 216.07 4.3% Long-term Investments 138.47 2.4% 129.44 2.3% 69.91 1.4% Net PP&E 3,051.85 52.7% 3,064.48 55.4% 2,833.40 56.1% Total Assets 5,787.89 100.0% 5,532.37 100.0% 5,045.84 100.0% Current Liabilities 1,026.18 17.7% 913.58 16.5% 873.09 17.3% Long-term Interest-bearing Debts 965.56 16.7% 918.28 16.6% 854.79 16.9% Total Liabilities 2,122.18 36.7% 2,049.11 37.0% 1,952.95 38.7% Total Shareholders' Equity 3,665.71 63.3% 3,483.26 63.0% 3,092.89 61.3% Key Indices A/R Turnover Days Inventory Turnover Days Current Ratio (x) Asset Productivity (x) * Total outstanding shares were 25,934mn units at 3/31/24 ** Asset productivity = Annualized net revenue / Average net PP&E 2.4 2.4 2.3 0.8 0.8 0.7 90 1Q24 4Q23 1Q23 31 31 34 85 96

Unleash Innovation TSMC, Ltd© 72024 TSMC Property Cash Flows * Free cash flow = Cash from operating activities – Capital expenditures (In NT$ billions) 1Q24 4Q23 1Q23 Beginning Balance 1,465.43 1,311.81 1,342.81 Cash from operating activities 436.31 394.83 385.24 Capital expenditures (181.30) (170.16) (302.50) Cash dividends (77.80) (77.80) (71.30) Bonds payable 22.80 9.80 7.30 Investments and others 32.76 (3.05) 23.68 Ending Balance 1,698.20 1,465.43 1,385.23 Free Cash Flow 255.01 224.67 82.74*

Unleash Innovation TSMC, Ltd© 82024 TSMC Property 2Q24 Guidance ◼ Revenue to be between US$19.6 billion and US$20.4 billion Based on our current business outlook, management expects: And, based on the exchange rate assumption of 1 US dollar to 32.3 NT dollars, management expects: ◼ Gross profit margin to be between 51% and 53% ◼ Operating profit margin to be between 40% and 42%

Unleash Innovation TSMC, Ltd© 92024 TSMC Property • Please visit TSMC's website (https://www.tsmc.com) and Market Observation Post System (https://mops.twse.com.tw) for details and other announcements • TSMC Announces Candidates for Board of Directors (2024/04/12) • TSMC Arizona and U.S. Department of Commerce Announce up to US$6.6 Billion in Proposed CHIPS Act Direct Funding, the Company Plans Third Leading-Edge Fab in Phoenix (2024/04/08) • TSMC Board of Directors Hold a Special Meeting and Approve the Appointment of Senior Vice President of R&D Dr. Y.J. Mii and Senior Vice President of Operations Mr. Y.P. Chyn as Executive Vice Presidents and Co-Chief Operating Officers of TSMC (2024/02/29) • TSMC Celebrates the Opening of JASM in Kumamoto, Japan (2024/02/24) • JASM Set to Expand in Kumamoto, Japan (2024/02/06) • TSMC Board of Directors Approved NT$3.50 Cash Dividend for the Fourth Quarter of 2023 and Set June 13, 2024 as Ex-Dividend Date, June 19, 2024 as the Record Date, and July 11, 2024 as the Distribution Date (2024/02/06) • TSMC Board of Directors Approved the Convening of the 2024 Annual Shareholders’ Meeting on June 4, 2024, at Which an Election for its Ten-Member Board of Directors Will Be Held (2024/02/06) Recap of Recent Major Events