Taiwan Semiconductor Manufacturing Co Ltd 6-K, filed Jul 15, 2021
Taiwan Semiconductor Manufacturing Co Ltd (TSM)
About this 6-K
Taiwan Semiconductor Manufacturing Co Ltd filed this 6-K on July 15, 2021.
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1934 Act Registration No. 1-14700 |
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UNITED STATES |
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SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 |
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FORM 6-K |
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REPORT OF FOREIGN PRIVATE ISSUER THE SECURITIES EXCHANGE ACT OF 1934 |
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For the month of July 2021 (Commission File Number: 001-14700) |
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Taiwan Semiconductor Manufacturing Company Ltd. (Translation of Registrant’s Name Into English)
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No. 8, Li-Hsin Rd. 6, |
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Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. |
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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):□ 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):□ |
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SIGNATURES |
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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: |
July 15, 2021 |
By |
/s/ Wendell Huang |
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Wendell Huang |
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Vice President & Chief Financial Officer |
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Exhibits |
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Exhibit Number |
Exhibit Description |
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99.1 |
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99.2 |
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TSMC Reports Second Quarter EPS of NT$5.18 |
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Hsinchu, Taiwan, R.O.C., - Jul. 15, 2021 – TSMC (TWSE: 2330, NYSE: TSM) today announced consolidated revenue of NT$372.15 billion, net income of NT$134.36 billion, and diluted earnings per share of NT$5.18 (US$0.93 per ADR unit) for the second quarter ended June 30, 2021.
Year-over-year, second quarter revenue increased 19.8% while net income and diluted EPS both increased 11.2%. Compared to first quarter 2021, second quarter results represented a 2.7% increase in revenue and a 3.8% decrease in net income. All figures were prepared in accordance with TIFRS on a consolidated basis.
In US dollars, second quarter revenue was $13.29 billion, which increased 28.0% year-over-year and increased 2.9% from the previous quarter.
Gross margin for the quarter was 50.0%, operating margin was 39.1%, and net profit margin was 36.1%.
In the second quarter, shipments of 5-nanometer accounted for 18% of total wafer revenue; 7-nanometer accounted for 31%. Advanced technologies, defined as 7-nanometer and more advanced technologies, accounted for 49% of total wafer revenue.
“Our second quarter business was mainly driven by continued strength in HPC and Automotive-related demand,” said Wendell Huang, VP and Chief Financial Officer of TSMC. “Moving into third quarter 2021, we expect our business to be supported by strong demand for our industry-leading 5nm and 7nm technologies, driven by all four growth platforms, which are smartphone, HPC, IoT and Automotive-related applications.”
Based on the Company’s current business outlook, management expects the overall performance for third quarter 2021 to be as follows:
˙ Revenue is expected to be between US$14.6 billion and US$14.9 billion; And, based on the exchange rate assumption of 1 US dollar to 27.9 NT dollars, ˙ Gross profit margin is expected to be between 49.5% and 51.5%; ˙ Operating profit margin is expected to be between 38.5% and 40.5%..
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(Unit: NT$ million, except for EPS) |
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2Q21 |
2Q20 |
YoY |
1Q21 |
QoQ |
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Amounta |
Amount |
Inc. (Dec.) % |
Amount |
Inc. (Dec.) % |
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Net sales |
372,145 |
310,699 |
19.8 |
362,410 |
2.7 |
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Gross profit |
186,197 |
164,623 |
13.1 |
189,839 |
(1.9) |
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Income from operations |
145,667 |
131,094 |
11.1 |
150,538 |
(3.2) |
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Income before tax |
149,391 |
136,399 |
9.5 |
155,064 |
(3.7) |
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Net income |
134,359 |
120,822 |
11.2 |
139,690 |
(3.8) |
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EPS (NT$) |
5.18b |
4.66b |
11.2 |
5.39b |
(3.8) |
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a: 2Q2021 figures have not been approved by Board of Directors |
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b: Based on 25,930 million weighted average outstanding shares |
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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 281 distinct process technologies, and manufactured 11,617 products for 510 customers in 2020 by providing broadest range of advanced, specialty and advanced packaging technology services. TSMC is the first foundry to provide 5-nanometer production capabilities, the most advanced semiconductor process technology available in the world. The Company is headquartered in Hsinchu, Taiwan. For more information please visit https://www.tsmc.com.
# # # |
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TSMC Spokesperson: |
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Media Contacts: |
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Wendell Huang |
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Nina Kao Head of Public Relations Tel: 886-3-563-6688 ext.7125036 Mobile: 886-988-239-163 E-Mail: nina_kao@tsmc.com |
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Hui-Chung Su Public Relations Tel: 886-3-563-6688 ext. 7125033 Mobile: 886-988-930-039 E-Mail: hcsuq@tsmc.com |
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Michael Kramer Public Relations Tel: 886-3-563-6688 ext. 7125031 Mobile: 886-988-931-352 E-Mail: pdkramer@tsmc.com |
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2021 Second Quarter Earnings Conference July 15, 2021
Agenda Welcome Jeff Su, IR Director 2Q21 Financial Results and 3Q21 Outlook Wendell Huang, CFO Key Messages C.C. Wei, CEO Wendell Huang, CFO Mark Liu, Chairman Q&A
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 Annual Report on Form 20-F filed with the United States Securities and Exchange Commission (the “SEC”) on April 16, 2021 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.
Statements of Comprehensive Income
2Q21 Revenue by Technology 7nm and Below Revenue 0.11/0.13um 3% 90nm 3% 0.25um and above 2% 40/45nm 7% 28nm 11% 16nm 14% 0.15/0.18um 6% 10nm 0% 65nm 5% 7nm 31% 20nm 0% 5nm 18%
2Q21 Revenue by Platform Smartphone Automotive Smartphone 42% Automotive 4% HPC 39% DCE 4% Others 3% IoT 8%
Balance Sheets & Key Indices
Cash Flows * Free cash flow = Cash from operating activities – Capital expenditures *
3Q21 Guidance Revenue to be between US$ 14.6 billion and US$ 14.9 billion Based on our current business outlook, management expects: And, based on the exchange rate assumption of 1 US dollar to 27.9 NT dollars, management expects: Gross profit margin to be between 49.5% and 51.5% Operating profit margin to be between 38.5% and 40.5%
Recap of Recent Major Events 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, Hon Hai/YongLin Foundation Donate BNT Vaccine to Taiwan CDC for COVID-19 Epidemic Prevention (2021/07/12) In Response to the COVID-19 Pandemic and Relevant Orders Issued by the Government, TSMC Board of Directors Approved a Change to the Date of TSMC’s 2021 Annual Shareholders’ Meeting from June 8, 2021 to July 26, 2021 (2021/06/09) TSMC Board of Directors Approved NT$2.75 Cash Dividend for the First Quarter of 2021 and Set September 16 as Ex-Dividend Date, September 22 as the Record Date and October 14, 2021 as the Distribution Date (2021/06/09) NXP Ramps Automotive Processing Innovation with Two Processors on TSMC FinFET Technology (2021/06/02) TSMC Unveils Innovation at 2021 Online Technology Symposium (2021/06/02) TSMC Board of Directors Approved the Issuance of No More Than 2,600,000 Common Shares of Employee Restricted Stock Awards (RSAs) for the Year 2021, Which Will be Submitted to the 2021 Annual Shareholders’ Meeting for Approval (2021/04/22) TSMC Announces 10 Candidates for Board of Directors, Who Will Stand for Election at TSMC’s Annual Shareholders’ Meeting (2021/04/16)
https://www.tsmc.com invest@tsmc.com