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 Registrants 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 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 TSMCs 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, managements 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$1.8 billion.
# # #
TSMCs 2007 fourth quarter consolidated results :
(Unit: NT$ 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$) |
|
|
|
1.31 |
** |
|
|
|
1.06 |
*** |
|
|
|
24.3 |
|
|
|
|
1.15 |
**** |
|
|
|
14.3 |
|
|
|
* 2007 fourth quarter figures have not been approved by Board of Directors
** Based on 26,243 million weighted average outstanding shares
*** Based on 26,410 million weighted average outstanding shares
**** Based on 26,401 million weighted average outstanding shares
TSMCs 2007 consolidated results :
(Unit: NT$ 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 |
|
|