台湾セミコンダクターADRの適時開示

6-K 1 tsm-20250417x6k.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 2025

(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 17, 2025

/s/ Wendell Huang

Wendell Huang

Senior Vice President & Chief Financial Officer

Exhibits


Exhibit Number			Exhibit Description
99.1			Press release issued by TSMC on A pril 1 7 , 2025.
99.2			202 5 First Quarter Earnings Conference Presentation Material.

EX-99.1 2 a1q25e_withguidancexfinal.htm EX-99.1 Document

TSMC Reports First Quarter EPS of NT$13.94

HSINCHU, Taiwan, R.O.C., Apr. 17, 2025 -- TSMC (TWSE: 2330, NYSE: TSM) today announced consolidated revenue of NT$839.25 billion, net income of NT$361.56 billion, and diluted earnings per share of NT$13.94 (US$2.12 per ADR unit) for the first quarter ended March 31, 2025.

Year-over-year, first quarter revenue increased 41.6%, while net income and diluted EPS increased 60.3% and 60.4% respectively. Compared to fourth quarter 2024, first quarter results represented a 3.4% decrease in revenue and a 3.5% decrease in net income. All figures were prepared in accordance with TIFRS on a consolidated basis.

In US dollars, first quarter revenue was $25.53 billion, which increased 35.3% year-over-year but decreased 5.1% from the previous quarter.

Gross margin for the quarter was 58.8%, operating margin was 48.5%, and net profit margin was 43.1%.

In the first quarter, shipments of 3-nanometer accounted for 22% of total wafer revenue; 5-nanometer accounted for 36%; 7-nanometer accounted for 15%. Advanced technologies, defined as 7-nanometer and more advanced technologies, accounted for 73% of total wafer revenue.

“Our business in the first quarter was impacted by smartphone seasonality, partially offset by continued growth in AI-related demand.” said Wendell Huang, Senior VP and Chief Financial Officer of TSMC. “Moving into second quarter 2025, we expect our business to be supported by strong demand for our industry-leading 3nm and 5nm technologies. While we have not seen any changes in our customers’ behavior so far, uncertainties and risks from the potential impact from tariff policies exist. We will continue to closely monitor the potential impact on the end market demand, and manage our business prudently.”

Based on the Company’s current business outlook, management expects the overall performance for second quarter 2025 to be as follows:

•Revenue is expected to be between US$28.4 billion and US$29.2 billion;

And, based on the exchange rate assumption of 1 US dollar to 32.5 NT dollars,

•Gross profit margin is expected to be between 57% and 59%;

•Operating profit margin is expected to be between 47% and 49%.

TSMC’s 2025 first quarter consolidated results:

(Unit: NT$ million, except for EPS)


	1Q25 Amounta	1Q24 Amount	YoY Inc. (Dec.) %	4Q24 Amount	QoQ Inc. (Dec.) %
Net sales	839,254	592,644	41.6	868,461	(3.4)
Gross profit	493,395	314,505	56.9	512,379	(3.7)
Income from operations	407,081	249,018	63.5	425,713	(4.4)
Income before tax	430,895	266,543	61.7	448,798	(4.0)
Net income	361,564	225,485	60.3	374,680	(3.5)
EPS (NT$)	13.94b	8.70c	60.4	14.45b	(3.5)

a: 1Q2025 figures have not been approved by Board of Directors

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

c: Based on 25,930 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 11,878 products for 522 customers in 2024 by providing the 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.712-5036 Mobile: 886-988-239-163 E-Mail:nina_kao@tsmc.com						Ulric Kelly Public Relations Tel: 886-3-563-6688 ext. 712-6541 Mobile: 886-978-111-503 E-Mail:ukelly@tsmc.com

EX-99.2 3 a1q25presentatione_for6k.htm EX-99.2 a1q25presentatione_for6k

Unleash Innovation TSMC, Ltd© 02025 TSMC Property Unleash Innovation 2025 First Quarter Earnings Conference April 17, 2025

Unleash Innovation TSMC, Ltd© 12025 TSMC Property Agenda • Welcome Jeff Su, IR Director • 1Q25 Financial Results and 2Q25 Outlook Wendell Huang, CFO • Key Messages Wendell Huang, CFO C.C. Wei, Chairman & CEO • Q&A

Unleash Innovation TSMC, Ltd© 22025 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 2023 Annual Report on Form 20-F filed with the United States Securities and Exchange Commission (the “SEC”) on April 18, 2024 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© 32025 TSMC Property Statements of Comprehensive Income Selected Items from Statements of Comprehensive Income 1Q25 (In NT$ billions unless otherwise noted) Guidance Net Revenue (US$ billions) 25.53 25.0-25.8 26.88 18.87 -5.1% +35.3% Net Revenue 839.25 868.46 592.64 -3.4% +41.6% Gross Margin 58.8% 57.0%-59.0% 59.0% 53.1% -0.2 ppt +5.7 ppts Operating Expenses (85.19) (86.34) (65.36) -1.3% +30.3% Operating Margin 48.5% 46.5%-48.5% 49.0% 42.0% -0.5 ppt +6.5 ppts Non-Operating Items 23.82 23.09 17.52 +3.2% +35.9% Net Income Attributable to Shareholders of the Parent Company 361.56 374.68 225.49 -3.5% +60.3% Net Profit Margin 43.1% 43.1% 38.0% 0.0 ppt +5.1 ppts EPS (NT Dollar) 13.94 14.45 8.70 -3.5% +60.4% ROE 32.7% 36.2% 25.4% -3.5 ppts +7.3 ppts Shipment (Kpcs, 12"-equiv. Wafer) 3,259 3,418 3,030 -4.7% +7.6% Average Exchange Rate--USD/NTD 32.88 32.8 32.30 31.40 +1.8% +4.7% * Diluted weighted average outstanding shares were 25,929mn units in 1Q25 ** ROE figures are annualized based on average equity attributable to shareholders of the parent company 1Q25 4Q24 1Q24 1Q25 Over 4Q24 1Q25 Over 1Q24

Unleash Innovation TSMC, Ltd© 42025 TSMC Property 1Q25 Revenue by Technology - 50 100 150 200 250 300 350 400 450 500 550 600 R e v e n u e ( N T $ B ) 7nm 5nm 3nm 7nm and Below Revenue 0.11/0.13um 2% 90nm 1% 0.25um and above 0% 40/45nm 3% 28nm 7% 16/20nm 7% 0.15/0.18um 3% 65nm 4% 7nm 15% 5nm 36% 3nm 22%

Unleash Innovation TSMC, Ltd© 52025 TSMC Property 1Q25 Revenue by Platform +7% -22% -9% +14% +8% +20% Growth Rate by Platform (QoQ) Automotive 5% DCE 1% Others 2% IoT 5% Smartphone Automotive OthersHPC IoT DCE HPC 59% Smartphone 28%

Unleash Innovation TSMC, Ltd© 62025 TSMC Property Balance Sheets & Key Indices Selected Items from Balance Sheets (In NT$ b illions) Amount % Amount % Amount % Cash & Marketable Securities 2,703.09 37.9% 2,422.02 36.2% 1,922.66 33.2% Accounts Receivable 243.95 3.4% 272.09 4.1% 201.98 3.5% Inventories 293.39 4.1% 287.86 4.3% 267.12 4.6% Long-term Investments 160.79 2.2% 149.04 2.2% 138.47 2.4% Net PP&E 3,400.81 47.7% 3,234.98 48.3% 3,051.85 52.7% Total Assets 7,133.29 100.0% 6,691.94 100.0% 5,787.89 100.0% Current Liabilities 1,399.80 19.6% 1,264.53 18.9% 1,026.18 17.7% Long-term Interest-bearing Debts 986.98 13.8% 958.43 14.3% 965.56 16.7% Total Liabilities 2,531.66 35.5% 2,368.36 35.4% 2,122.18 36.7% Total Shareholders' Equity 4,601.63 64.5% 4,323.58 64.6% 3,665.71 63.3% Key Indices A/R Turnover Days Inventory Turnover Days Current Ratio (x) Asset Productivity (x) * Total outstanding shares were 25,933mn units at 3/31/25 ** Asset productivity = Annualized net revenue / Average net PP&E 83 1Q25 4Q24 1Q24 28 27 31 80 90 2.4 2.4 2.4 1.0 1.1 0.8

Unleash Innovation TSMC, Ltd© 72025 TSMC Property Cash Flows * Free cash flow = Cash from operating activities – Capital expenditures (In NT$ billions) 1Q25 4Q24 1Q24 Beginning Balance 2,127.63 1,886.78 1,465.43 Cash from operating activities 625.57 620.21 436.31 Capital expenditures (330.83) (361.95) (181.30) Cash dividends (103.72) (103.73) (77.80) Bonds payable 16.20 (1.75) 22.80 Investments and others 59.95 88.07 32.76 Ending Balance 2,394.80 2,127.63 1,698.20 Free Cash Flow 294.74 258.26 255.01*

Unleash Innovation TSMC, Ltd© 82025 TSMC Property 2Q25 Guidance ◼ Revenue to be between US$28.4 billion and US$29.2 billion Based on our current business outlook, management expects: And, based on the exchange rate assumption of 1 US dollar to 32.5 NT dollars, management expects: ◼ Gross profit margin to be between 57% and 59% ◼ Operating profit margin to be between 47% and 49%