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 December 2003
Taiwan Semiconductor Manufacturing Company Ltd.
(Translation of Registrant's Name Into English)
No. 8, Li-Hsin Rd. 6,
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 X 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 X
------- -------
(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.
Taiwan Semiconductor Manufacturing Company Ltd.
Date: January 8, 2004 By /s/ Lora Ho
------------------------------------
Lora Ho
Vice President & Chief Financial Officer
TSMC Monthly Sales Report - December 2003
Fourth Quarter 2003 Sales Achieve Record High;
Full-Year Sales of NT$201.9 Billion Also Hit An Historical Record
Hsinchu, Taiwan, January 8, 2004 - Taiwan Semiconductor Manufacturing Company
Ltd. (TSMC) (TAIEX: 2330, NYSE: TSM) today said that net sales for December 2003
totaled NT$18,965 million, an increase of 2.5 percent from November 2003. TSMC's
fourth quarter 2003 sales grew 5.3 percent sequentially, to a record high, of
NT$57,780 million. On a year-over-year basis, TSMC's fourth quarter 2003 sales
increased 40.4 percent.
Ms. Lora Ho, TSMC spokesperson, vice president and chief financial officer,
noted that, "In line with our statements in mid-December, 2003, TSMC's fourth
quarter 2003 sales result, which hit a quarterly record high, was better than
the guidance we advised in our third quarter 2003 investor conference on
October, 28, 2003."
Full-year sales for 2003 increased 25.4 percent over 2002, to a record high of
NT$201,904 million.
# # #
Sales Report: (Unit: NT$ million)
--------------------------------------------------------------------------------------------------------
Net Sales 2003(1) 2002 Growth
--------------------------------------------------------------------------------------------------------
December 18,965 11,341 67.2%
--------------------------------------------------------------------------------------------------------
January through December 201,904 160,961 25.4%
--------------------------------------------------------------------------------------------------------
(1): Year 2003 figures have not been audited.
TSMC Spokesperson:
------------------
Ms. Lora Ho
Vice President and CFO
Tel: 886-3-566-4602
For further information, please contact:
----------------------------------------
Mr. J.H. Tzeng Mr. Jesse Chou Mr. Richard Chung
PR Department Manager, TSMC PR Manager, TSMC PR Principal Specialist, TSMC
Tel:886-3-666-5028(O) Tel:886-3-666-5029(O) Tel:886-3-666-5038(O)
886-928-882-607(Mobile) 886-932-113-258(Mobile) 886-937-331-830(Mobile)
Fax:886-3-567-0121 Fax:03-5670121 Fax:03-5670121
E-mail: jhtzeng@tsmc.com E-Mail: jhchoua@tsmc.com E-Mail: cychung@tsmc.com
---------------- ---------------- ----------------
Taiwan Semiconductor Manufacturing Company Limited
January 08, 2004
This is to report the changes or status of 1) sales volume, 2) funds lent to
other parties, 3) endorsements and guarantees and 4) financial derivative
transactions for the period of December 2003.
1) Sales volume (NT$: Thousand)
Period Items 2003 2002 Changes (%)
-----------------------------------------------------------------------------------------------------------------------------------
Dec. Invoice amount 17,674,210 12,897,662 4,776,548 37.03%
-----------------------------------------------------------------------------------------------------------------------------------
Jan. - Dec. Invoice amount 191,309,920 163,654,964 27,654,956 16.90%
-----------------------------------------------------------------------------------------------------------------------------------
Dec. Net sales 18,965,436 11,340,901 7,624,535 67.23%
-----------------------------------------------------------------------------------------------------------------------------------
Jan. - Dec. Net sales 201,904,341 160,961,329 40,943,012 25.44%
-----------------------------------------------------------------------------------------------------------------------------------
2) Funds lent to other parties (NT$ Thousand)
Limit of lending Dec. Bal. as of period end
-------------------------------------------------------------------------------------------------------
TSMC 62,594,284 - -
-------------------------------------------------------------------------------------------------------
TSMC's subsidiaries 33,569,177 4,754,620 5,096,700
-------------------------------------------------------------------------------------------------------
3) Endorsements and guarantees (NT$ Thousand)
Limit of
endorsements Dec. Bal. as of period end
--------------------------------------------------------------------------------------------------------------------------------
TSMC 78,242,855 (4,913,320) 18,348,120
--------------------------------------------------------------------------------------------------------------------------------
TSMC's subsidiaries N/A 0 0
--------------------------------------------------------------------------------------------------------------------------------
TSMC endorses for subsidiaries (4,913,320) 18,348,120
--------------------------------------------------------------------------------------------------------------------------------
TSMC's subsidiaries endorse for TSMC 0 0
--------------------------------------------------------------------------------------------------------------------------------
TSMC endorses for PRC companies 0 0
--------------------------------------------------------------------------------------------------------------------------------
TSMC's subsidiaries endorse for PRC companies 0 0
--------------------------------------------------------------------------------------------------------------------------------
4) Financial derivative transactions
a-1. Hedging purpose (for assets / liabilities denominated in foreign currencies)
Underlying assets / liabilities Liabilities: YEN: 748,405,000
--------------------------------------------------------------------------------------------------------------
EUR: 7,500,000
-------------------------------------------------------------------
Assets: US$: 1,821,340,500
-------------------------------------------------------------------
Financial instruments FX forward contracts
--------------------------------------------------------------------------------------------------------------
Recognized profit (loss) (NT$31,720,869)
--------------------------------------------------------------------------------------------------------------
a-2. Hedging purpose (for the position of fixed rate liabilities / floating rate assets)
Underlying assets / liabilities Liabilities: NT$: NT$3,000,000,000
--------------------------------------------------------------------------------------------------------------
Assets US$: US$2,857,142.86
-------------------------------------------------------------------
Financial instruments Interest rate swap
--------------------------------------------------------------------------------------------------------------
Recognized profit (loss) -
--------------------------------------------------------------------------------------------------------------
b. Trading purpose: None.