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 October 2003 Taiwan Semiconductor Manufacturing Company Ltd. (Translation of Registrant's Name Into English) No.8 Li-Hsin Rd. 6, 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 _______ ------- (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 ------- (If "Yes" is marked, indicated below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82: _______.) 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: November 7, 2003 By /s/ Lora Ho ----------------------------------- Lora Ho Vice President & Chief Financial Officer Taiwan Semiconductor Manufacturing Company Limited November 07, 2003 This is to report the changes or status of 1) sales volume, 2) funds lent to other parties, 3) endorsements and guarantees and 4) financial derivative transactions for the period of October 2003. 1) Sales volume (NT$: Thousand) -------------------------------------------------------------------------------- Period Items 2003 2002 Changes (%) -------------------------------------------------------------------------------- Oct Invoice amount 19,961,292 15,780,048 4,181,244 26.50% -------------------------------------------------------------------------------- Jan - Oct Invoice amount 154,936,144 135,859,815 19,076,329 14.04% -------------------------------------------------------------------------------- Oct Net sales 20,303,764 15,230,876 5,072,888 33.31% -------------------------------------------------------------------------------- Jan - Oct Net sales 164,428,500 135,038,062 29,390,438 21.76% -------------------------------------------------------------------------------- 2) Funds lent to other parties (NT$ Thousand) -------------------------------------------------------------------------------- Limit of lending Oct Bal. As of period end -------------------------------------------------------------------------------- TSMC 62,594,284 - - -------------------------------------------------------------------------------- TSMC's subsidiaries 33,571,153 2,000 339,800 -------------------------------------------------------------------------------- 3) Endorsements and guarantees (NT$ Thousand) -------------------------------------------------------------------------------- Limit of endorsements Oct Bal. As of period end -------------------------------------------------------------------------------- TSMC 78,242,855 136,000 23,106,400 -------------------------------------------------------------------------------- TSMC's subsidiaries N/A 0 0 -------------------------------------------------------------------------------- TSMC endorses for subsidiaries 136,000 23,106,400 -------------------------------------------------------------------------------- TSMC's subsidiaries endorse for TSMC 0 0 -------------------------------------------------------------------------------- TSMC endorses for PRC companies 0 0 -------------------------------------------------------------------------------- TSMC's subsidiaries endorse for PRC companies 0 0 -------------------------------------------------------------------------------- 4) Financial derivative transactions a-1. Hedging purpose (for assets / liabilities denominated in foreign currencies) -------------------------------------------------------------------------------- Underlying assets / liabilities Liabilities: YEN: 0 ------------------------------------------- EUR: 20,000,000 ------------------------------------------- Assets: US$: 1,695,000,000 -------------------------------------------------------------------------------- Financial instruments FX forward contracts -------------------------------------------------------------------------------- Recognized profit (loss) (NT$90,253,292) -------------------------------------------------------------------------------- a-2. Hedging purpose (for the position of fixed rate liabilities / floating rate assets) -------------------------------------------------------------------------------- Underlying assets / liabilities Liabilities: NT$: NT$2,500,000,000 ------------------------------------------- Assets US$: US$5,714,285.71 -------------------------------------------------------------------------------- Financial instruments Interest rate swap -------------------------------------------------------------------------------- Recognized profit (loss) - -------------------------------------------------------------------------------- b. Trading purpose: None. TSMC October 2003 Sales Exceeded NT$ 20 Billion Set a New Record High for a Third Consecutive Month Hsinchu, Taiwan, November 7, 2003 - Taiwan Semiconductor Manufacturing Company Ltd. ("TSMC" or "the Company") (TAIEX: 2330, NYSE: TSM) today announced that net sales for October 2003 totaled NT$20,304 million, a new record high for a third consecutive month. The October results also marked the first time that the Company's monthly sales exceeded NT$ 20 billion. TSMC October 2003 net sales increased 7.4 percent from September 2003 sales on a month-over-month basis. Compared to the same period a year ago, October 2003 net sales increased 33.3 percent. Revenues for January through October 2003 totaled NT$164,429 million, an increase of 21.8 percent over the same period in 2002. Ms. Lora Ho, TSMC spokesperson and vice president, noted that the Company's October 2003 wafer shipments grew over September 2003 due to increased customer demand in anticipation of the Christmas holiday season, especially for consumer and communication products. As a result, the Company's October 2003 sales increased sequentially. # # # Sales Report: (Unit: NT$ million) -------------------------------------------------------------------------- Net Sales 2003/(1)/ 2002 Growth -------------------------------------------------------------------------- October 20,304 15,231 33.3% -------------------------------------------------------------------------- January through October 164,429 135,038 21.8% -------------------------------------------------------------------------- (1): Year 2003 figures have not been audited. TSMC Spokesperson: Ms. Lora Ho Vice President and CFO Tel: 886-3-566-4602 For further information, please contact: 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 E-Mail: jhchoua@tsmc.com Email: ssguo@tsmc.com