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 June 2003
Taiwan Semiconductor Manufacturing Company Ltd.
(Translation of Registrant's Name Into English)
No.121 Park Avenue III
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
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(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
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(If "Yes" is marked, indicated below the file number assigned to the registrant
in connection with Rule 12g3-2(b): 82: .)
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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: June 9, 2003 By /s/ Harvey Chang
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Harvey Chang
Senior Vice President & Chief Financial Officer
TSMC Monthly Sales Report - May 2003
Hsinchu, Taiwan, June 9, 2003 - Taiwan Semiconductor Manufacturing Company Ltd.
("TSMC" or "the Company") (TAIEX: 2330, NYSE: TSM), today announced that net
sales for May 2003 totaled NT$16,812 million, representing a 10.1 percent
increase over April 2003. On a year-over-year basis, net sales for May 2003
increased 10.6 percent. Revenues for January through May 2003 totaled NT$71,401
million, an increase of 10.9 percent over the same period in 2002.
Mr. Harvey Chang, TSMC spokesperson and senior vice president, noted that
compared to April 2003, customer demand continues to grow. The Company's sales
revenues for May 2003 increased as a result of increased wafer shipment and
better product mix.
# # #
Sales Report: (Unit: NT$ million)
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Net Sales 2003(1) 2002 Growth
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May 16,812 15,201 10.6%
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January through May 71,401 64,357 10.9%
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(1): Year 2003 figures have not been audited.
TSMC Spokesperson:
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Mr. Harvey Chang
Senior Vice President
Tel: 886-3-563-6688 Ext: 2075
For further information, please contact:
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Mr. J.H. Tzeng Mr. Jesse Chou Ms. Shan-Shan Guo
PR Department Manager, TSMC PR Manager, TSMC PR Manager, TSMC
Tel: 886-3-666-5028 (O) Tel:886-3-666-5029 (O) Tel:886-3-666-5033(O)
886-928-882-607(Mobile) 886-932-113-258(Mobile) 886-939-059-246 (Mobile)
Fax: 886-3-567-0121 Fax:03-5670121 Fax:03-5670121
E-mail: jhtzeng@tsmc.com.tw E-Mail: jhchoua@tsmc.com.tw Email: ssguo@tsmc.com.tw
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Taiwan Semiconductor Manufacturing Company Limited
June 09, 2003
This is to report the changes or status of 1)Sales volume 2) funds lent to other
parties 3) Endorsements and quarantees 4) Financial derivative transactions for
the period of May 2003.
1) Sales volume(NT$: Thousand)
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Period Items 2003 2002 Changes (%)
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May Invoice amount 14,284,446 15,393,506 -1,109,060 -7.20%
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Jan - May Invoice amount 64,700,274 66,500,697 -1,800,423 -2.71%
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May Net sales 16,811,729 15,200,909 1,610,820 10.60%
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Jan - May Net sales 71,401,353 64,356,854 7,044,499 10.95%
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2) Funds lent to other parties (NT$ Thousand)
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Limit of lending May Bal. As of period end
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TSMC 58,721,466 - -
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TSMC's subsidiaries 27,068,001 (1,370) 347,120
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3) Endorsements and quarantees (NT$ Thousand)
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Limit of endorsements May Bal. As of period end
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TSMC 59,768,660 (93,160) 23,604,160
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TSMC's subsidiaries N/A 0 0
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TSMC endorses for subsidiaries (93,160) 23,604,160
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TSMC's subsidiaries endorse for TSMC 0 0
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TSMC endorses for PRC companies 0 0
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TSMC's subsidiaries endorse for PRC companies 0 0
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4) Financial derivative transactions
a-1. Hedging purpose(for assets / liabilities denominated in foreign currencies)
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Underlying assets / liabilities Liabilities: YEN: 8,236,290,000
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EUR: 9,000,000
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Assets: US$ 1,115,000,000
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Financial instruments FX forward contracts
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Realized profit (loss) (NT$90,012,180)
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a-2. Hedging purpose (for the position of floating rate liabilities)
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Underlying assets / liabilities Liabilities: NT$5,000,000,000
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Financial instruments Interest rate swap
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Realized profit (loss) -
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b. Trading purpose: None.
TSMC Signed Investment Agreements with Shanghai Songjiang Government
Taiwan Semiconductor Manufacturing Company (TSMC) has signed investment
agreements with Shanghai Songjiang Government on June 8th, 2003. According to
the agreements, TSMC plans to set up an 8-inch fab using 0.25-micron and
0.35-micron process technologies in the Songjiang Science Park in Shanghai to
provide foundry services in Mainland China.
In the premise of getting the approval from Taiwan government and having enough
customer demands, the 8-inch fab is expected to start small volume production by
the end of 2004.
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED
This is to report the grant of Employee Stock Options in June 2003.
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ESOP Granted June 2003
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Approval Date by the Securities and Futures Commission 06/25/2002
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Issue (Grant) Date 06/06/2003
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Number of Shares Issued 23,090,550
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Percentage of Issued Shares to Outstanding Common Shares 0.12399%
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Source of Option Shares New Common Share
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Grant Price Per Shares NT$58.5
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Option Duration 10 years
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Vesting Schedule 2nd Year: up to 50%
3rd Year: up to 75%
4th Year: up to 100%
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