6-K
Taiwan Semiconductor Manufacturing Co Ltd (TSM)
1934 Act Registration No. 1-14700
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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FORM 6-K
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REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of February 2025
(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,
Hsinchu Science Park,
Taiwan, R.O.C.
(Address of Principal Executive Offices)
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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.
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: February 10, 2025 | By | /s/ Wendell Huang | ||
| Wendell Huang | ||||
| Senior Vice President and Chief Financial Officer |
TSMC January 2025 Revenue Report and the Statement on the Impact of Earthquake
HSINCHU, Taiwan, R.O.C. – Feb. 10, 2025 - TSMC (TWSE: 2330, NYSE: TSM) today announced its net revenue for January 2025: On a consolidated basis, revenue for January 2025 was approximately NT$293.29 billion, an increase of 5.4 percent from December 2024 and an increase of 35.9 percent from January 2024.
On Jan. 21, Taiwan experienced a 6.4 magnitude earthquake on the Richter scale, followed by several significant aftershocks throughout the Lunar New Year holiday. There was no structural damage to our fabs, and the water supply, power, workplace safety systems, and operations are functioning normally. A certain number of wafers in process were impacted and had to be scrapped due to the earthquake and aftershocks. As a result, the revenue forecast for the first quarter of 2025 is now anticipated to be closer to the lower end of the guidance range of US$25 billion and US$25.8 billion. Based on a preliminary assessment, the Company estimated related earthquake losses to be approximately NT$5.3 billion, net of insurance claim, and will recognize it in the first quarter of 2025. Despite this, the Company maintains first quarter gross profit margin to be between 57% and 59% and operating profit margin is expected to be between 46.5% and 48.5%. The Company is making every effort to recover the lost production, and there is no change to our full-year outlook.
| TSMC January Revenue Report (Consolidated): | ||||
|---|---|---|---|---|
| (Unit:NT million) | ||||
| Period | January 2025 | December 2024 | M-o-M<br><br>Increase<br><br>(Decrease)<br><br>% | January 2024 |
| Net Revenue | 293,288 | 278,163 | 5.4 | 215,785 |
All values are in US Dollars.
| TSMC Spokesperson: | Media Contacts | |
|---|---|---|
| Wendell Huang<br>Senior Vice President and CFO<br>Tel: 886-3-505-5901 | Nina Kao<br><br>Head of Public Relations<br><br>Tel: 886-3-563-6688 ext.7125036<br><br>Mobile: 886-988-239-163<br><br>E-Mail: [email protected] | Ulric Kelly<br><br>Public Relations<br><br>Tel: 886-3-563-6688 ext.7126541<br><br>Mobile: 886-978-111-503<br><br>E-Mail: [email protected] |
Taiwan Semiconductor Manufacturing Company Limited
This is to report the changes or status of 1) revenue, 2) funds lent to other parties, 3) endorsements and guarantees, and 4) financial derivative transactions for January 2025 (“Current Month”).
Note: “Outstanding” herein means the outstanding balance at the end of Current Month; and “Cumulative” herein represents the accumulated amounts from the beginning of this year till the end of Current Month.
- Revenue (in NT$ thousands)
| Period | Items | 2025 | 2024 |
|---|---|---|---|
| January | Net Revenue | 293,288,038 | 215,785,127 |
- Funds lent to other parties (in NT$ thousands)
| Lending Company | Limit of lending | Amount approved by the Board of Directors | Outstanding amount |
|---|---|---|---|
| TSMC China* | 108,298,546 | 37,301,250 | 22,575,000 |
| TSMC Development** | 35,042,552 | 1,963,500 | 981,750 |
* The borrower is TSMC Nanjing, a wholly-owned subsidiary of TSMC.
** The borrower is TSMC Washington, a wholly-owned subsidiary of TSMC.
- Endorsements and guarantees (in NT$ thousands)
| Guarantor | Limit of guarantee | Amount approved by the Board of Directors | Outstanding amount | ||
|---|---|---|---|---|---|
| TSMC* | 1,596,007,661 | 2,723,155 | 2,723,155 | ||
| TSMC** | 245,437,500 | 245,437,500 | |||
| TSMC*** | 469,413,211 | 311,842,336 | |||
| TSMC Japan Ltd.**** | 345,125 | 277,200 | 277,200 |
* The guarantee was provided to TSMC North America, a wholly-owned subsidiary of TSMC.
** The guarantee was provided to TSMC Global, a wholly-owned subsidiary of TSMC.
*** The guarantee was provided to TSMC Arizona, a wholly-owned subsidiary of TSMC.
**** The guarantee was provided to TSMC Design Technology Japan, a wholly-owned subsidiary of TSMC.
- Financial derivative transactions (in NT$ thousands)
(1)Derivatives not applying hedge accounting.
‧TSMC
| Forward | ||||
|---|---|---|---|---|
| Margin Payment | - | |||
| Premium Income (Expense) | - | |||
| Existing Contracts | Outstanding Notional Amount | 168,736,005 | ||
| Mark to Market of Outstanding Contracts | 507,478 | |||
| Cumulative Unrealized Profit/Loss | 933,414 | |||
| Expired Contracts | Cumulative Notional Amount | 52,198,097 | ||
| Cumulative Realized Profit/Loss | (442,979) | |||
| Equity price linked product (Y/N) | N |
‧TSMC China
| Forward | ||||
|---|---|---|---|---|
| Margin Payment | - | |||
| Premium Income (Expense) | - | |||
| Existing Contracts | Outstanding Notional Amount | 164,625 | ||
| Mark to Market of Outstanding Contracts | 537 | |||
| Cumulative Unrealized Profit/Loss | 555 | |||
| Expired Contracts | Cumulative Notional Amount | 176,009 | ||
| Cumulative Realized Profit/Loss | 121 | |||
| Equity price linked product (Y/N) | N |
‧TSMC Nanjing
| Forward | ||||
|---|---|---|---|---|
| Margin Payment | - | |||
| Premium Income (Expense) | - | |||
| Existing Contracts | Outstanding Notional Amount | 691,425 | ||
| Mark to Market of Outstanding Contracts | 2,407 | |||
| Cumulative Unrealized Profit/Loss | 2,579 | |||
| Expired Contracts | Cumulative Notional Amount | 719,772 | ||
| Cumulative Realized Profit/Loss | 198 | |||
| Equity price linked product (Y/N) | N |
‧Japan Advanced Semiconductor Mfg., Inc.
| Forward | ||||
|---|---|---|---|---|
| Margin Payment | - | |||
| Premium Income (Expense) | - | |||
| Existing Contracts | Outstanding Notional Amount | 9,166,921 | ||
| Mark to Market of Outstanding Contracts | 41,765 | |||
| Cumulative Unrealized Profit/Loss | (145,325) | |||
| Expired Contracts | Cumulative Notional Amount | 10,742,921 | ||
| Cumulative Realized Profit/Loss | 75,786 | |||
| Equity price linked product (Y/N) | N |
(2)Derivatives applying hedge accounting.
‧TSMC Global
| Future | ||||
|---|---|---|---|---|
| Margin Payment | (40,743) | |||
| Premium Income (Expense) | - | |||
| Existing Contracts | Outstanding Notional Amount | 1,983,135 | ||
| Mark to Market of Outstanding Contracts | 1,295 | |||
| Cumulative Unrealized Profit/Loss | (9,688) | |||
| Expired Contracts | Cumulative Notional Amount | 1,289,365 | ||
| Cumulative Realized Profit/Loss | 7,600 | |||
| Equity price linked product (Y/N) | N |