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 2003
Taiwan Semiconductor Manufacturing Company Ltd.
(Translation of Registrant's Name Into English)
No.121 Park Avenue III
Science-Based Industrial Park
Hsin-chu, 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 V Form 40-F ________
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(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 V
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(If "Yes" is marked, indicated below the file number assigned to the registrant
in connection with Rule 12g3-2(b): 82: _______.)
TSMC Monthly Sales Report -- December 2002
Hsin-Chu, Taiwan, January 9, 2003-- Taiwan Semiconductor Manufacturing Company
Ltd. ("TSMC" or "the Company") (TAIEX: 2330, NYSE: TSM) today announced that net
sales for December 2002 totaled NT$11,278 million, while revenues from January
to December 2002 totaled NT$160,898 million.
TSMC Spokesperson Mr. Harvey Chang noted that the Company's book-to-bill ratio
was above 1.0 in both November and December 2002, indicating steady growth in
orders. However, TSMC realized a decrease in unit sales for December 2002 as the
holiday season drew to a close, resulting in a 22.7% revenue decline compared to
the month prior and a 3.9% decrease on a year-over-year basis. The Company's
sales revenues from January through December 2002 represented a 27.8% increase
over the corresponding 2001 period.
Mr. Chang noted that net sales for the fourth quarter of 2002 were slightly
higher than those for the third quarter because fourth quarter revenues came
partially from inventory for the end of the third quarter of 2002. The Company's
utilization rate was 61 percent in the fourth quarter of 2002 as previously
forecast, although relatively low over the third quarter of 2002. Gross margins
are expected to decline five to six percentage points over the same period.
# # #
Sales Report: (Unit: NT$ million)
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Net Sales 2002/(1)/ 2001 Growth
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December 11,278 11,733 -3.9%
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January through December 160,898 125,888 27.8%
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(1): Year 2002 figures have not been audited.
TSMC Spokesperson:
Mr. Harvey Chang
Senior Vice President
Tel: 886-3-578-0221 Ext2075
For further information, please contact:
Mr. J.H. Tzeng Mr. Jesse Chou
PR Department Manager, TSMC Public Affairs Manager, TSMC
Tel:886-3-567-3338 Tel:886-3-5673347 (O)
886-928-882-607(Mobile) 886-932-113-258(Mobile)
Fax:886-3-567-0121 Fax:03-5670121
Email:jhtzeng@tsmc.com.tw Email:jhchoua@tsmc.com.tw
Ms. Shan-Shan Guo
PR Manager, TSMC
Tel:886-3-5673345(O)
886-939-059-246 (Mobile)
Fax:03-5670121
Email: ssguo@tsmc.com.tw
Taiwan Semiconductor Manufacturing Company Limited
January 09, 2003
This is to report the changes or status of 1)Sales volume 2) funds lent to other
parties 3) Endorsements and quarantees 4) Financial derivative transactions for
the period of December 2002.
1) Sales volume (NT$: Thousand)
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Time Items 2002 2001 Changes (%)
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Dec. Invoice amount 12,612,131 9,425,369 3,186,762 33.81%
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Jan. -Dec. Invoice amount 163,369,433 125,256,525 38,112,908 30.43%
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Dec. Net sales 11,277,901 11,733,275 -455,374 -3.88%
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Jan. -Dec. Net sales 160,898,329 125,888,003 35,010,326 27.81%
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2) Funds lent to other parties (NT$ Thousand)
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Limit of lending December Bal. As of period end
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TSMC 39,845,773 - -
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TSMC's subsidiaries 27,099,972 (590) 347,530
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3) Endorsements and quarantees (NT$ Thousand)
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Limit of endorsements December Bal. As of period end
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TSMC 59,768,660 (40,120) 23,632,040
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TSMC's subsidiaries N/A 0
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TSMC endorses for subsidiaries (40,120) 23,632,040
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TSMC's subsidiaries endorse for TSMC 0 0
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TSMC endorses for PRC companies 0 0
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TSMC's subsidiaries endorse for PRC companies 0 0
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4) Financial derivatives transactions
a-1. Hedging purpose (for assets / liabilities denominated in foreign
currencies)
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Liabilities: YEN: 4,274,850,000
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Underlying assets / liabilities EUR: 89,000,000
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Assets: US$ 715,000,000
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Financial instruments FX forward contracts
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Realized profit (loss) NT$5,798,233
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a-2. Hedging purpose (for the position of floating rate liabilities)
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Underlying assets / liabilities Liabilities: NT$5,000,000,000
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Financial instruments Interest rate swap
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Realized profit (loss) -
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b. Trading purpose: None.
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: January 9, 2003 By /s/ Harvey Chang
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Harvey Chang
Senior Vice President & Chief Financial Officer