6-K 1 h01850e6vk.htm TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD. TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD.
 

 
 
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 2008
Taiwan Semiconductor Manufacturing Company Ltd.
(Translation of Registrant’s Name Into English)
No. 8, Li-Hsin Rd. 6,
Hsinchu Science Park,
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  ü      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  ü 
(If “Yes” is marked, indicated below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82: ___.)
 
 

 

 

(TSMC LOGO)
TSMC Reports Fourth Quarter EPS of NT$1.31
Hsin-Chu, Taiwan, R.O.C., January 31, 2008 — TSMC today announced consolidated revenue of NT$93.9 billion, net income of NT$34.48 billion, and diluted earnings per share of NT$1.31 (US$0.20 per ADS unit) for the fourth quarter ended December 31, 2007.
Year-over-year, fourth quarter revenue increased 25.2% while net income and diluted EPS increased 23.5% and 24.3%, respectively. On a sequential basis, fourth quarter results represent a 5.5% increase in revenue, an increase of 13.5% in net income, and an increase of 14.3% in diluted EPS. All figures were prepared in accordance with R.O.C. GAAP on a consolidated basis.
Stronger than expected demand of TSMC’s wafers across all major product segments (communication, computer, and consumer) led to the fourth quarter results approaching or exceeding the high end of the guidance. Advanced process technologies (0.13-micron and below) accounted for 59% of wafer revenues with 90-nanometer process technology accounting for 29% and 65-nanometer reaching 10% of total wafer sales. Gross margin was 47.8%, operating margin was 39.2%, and net margin was 36.7%.
“Fourth quarter set another record for our business in terms of revenues and wafer shipment, while our margins improved sequentially “ said Lora Ho, VP and Chief Financial Officer of TSMC. “Although the global economy is facing a large degree of uncertainty, we expect our first quarter to follow a normal seasonal pattern and our results will track with normal seasonality,” said Ho. “Based on our current business outlook, and the implementation of a new ROC accounting rule which requires the expensing of employee profit sharing, management’s expectations for first quarter 2008 performance are as follows”:
  •   Revenue is expected to be between NT$87 billion and NT$89 billion;
 
  •   Gross profit margin is expected to be between 42% and 44%;
 
  •   Operating profit margin is expected to be between 32% and 34%.
Ho said management also expects that 2008 capital expenditure will be around US$1.8 billion.
# # #

 

 

(TSMC LOGO)
TSMC’s 2007 fourth quarter consolidated results :
(Unit: NT$ million, except for EPS)
                                                       
 
        4Q07       4Q06       YoY       3Q07       QoQ    
        Amount*       Amount       Inc. (Dec.) %       Amount       Inc. (Dec.) %    
 
Net sales
       93,860         74,963         25.2         88,955         5.5    
 
Gross profit
       44,836         34,453         30.1         40,724         10.1    
 
Income from operations
       36,758         27,407         34.1         32,353         13.6    
 
Income before tax
       39,332         29,508         33.3         34,218         14.9    
 
Net income
       34,485         27,912         23.5         30,370         13.5    
 
EPS(NT$)
       1.31 **       1.06 ***       24.3         1.15 ****       14.3    
 
* 2007 fourth quarter figures have not been approved by Board of Directors
** Based on 26,243 million weighted average outstanding shares
*** Based on 26,410 million weighted average outstanding shares
**** Based on 26,401 million weighted average outstanding shares
TSMC’s 2007 consolidated results :
(Unit: NT$ million, except for EPS)
                                   
 
        2007       2006       YoY    
        Amount*       Amount       Inc. (Dec.) %    
 
Net sales
       322,630         317,407         1.6    
 
Gross profit
       142,350         155,810         (8.6 )  
 
Income from operations
       111,722         127,265         (12.2 )  
 
Income before tax
       121,642         133,362         (8.8 )  
 
Net income
       109,177         127,010         (14.0 )  
 
EPS(NT$)
       4.14 **       4.81 ***       (13.9 )  
 
* 2007 figures have not been approved by Board of Directors
** Based on 26,368 million weighted average outstanding shares
*** Based on 26,399 million weighted average outstanding shares
         
TSMC Spokesperson:   TSMC Acting Spokesperson:   For Further Information:
Ms. Lora Ho
  Mr. J.H. Tzeng   Mr. Richard C.Y. Chung
Vice President and CFO
  Deputy Director, PR Department, TSMC   Technical Manager, TSMC
Tel: 886-3-566-4602
  Tel: 886-3-505-5028   Tel: 886-3-505-5038
 
  Mobile: 886-928-882607   Mobile: 886-911-258751
 
  Fax: 886-3-567-0121   Fax: 886-3-567-0121
 
  E-Mail: jhtzeng@tsmc.com   E-Mail: cychung@tsmc.com

 

 

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 31, 2008  By:   /s/ Lora Ho    
    Lora Ho   
    Vice President & Chief Financial Officer