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 February 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
               -------                                 -------

     (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: _______.)



               Taiwan Semiconductor Manufacturing Company Limited

                         For the month of February 2003

This is to report 1) the trading of directors, supervisors, executive officers
and 10% shareholders of Taiwan Semiconductor Manufacturing Company Ltd. (The
Company; "TSMC") (NYSE:TSM) 2) the pledge and clear of pledge of TSMC common
shares by directors, supervisors, executive officers and 5% shareholders of TSMC
3) the acquisition of assets by TSMC and 4) the disposition of assets by TSMC
for the month of January 2003.

1)The trading of directors, supervisors, executive officers and 10%
shareholders:



------------------------------------------------------------------------------------------------------------------------------------
  Title                 Name              Number of shares held     Number of shares held as     Number of shares held as    Changes
                                            when elected (for          December 31, 2002          January 31, 2003
                                              Directors and
                                         Supervisors as April 14,
                                                  2000)
------------------------------------------------------------------------------------------------------------------------------------
                                                                                                             
------------------------------------------------------------------------------------------------------------------------------------
  President             Rick Tsai                                          19,721,738                  19,621,738           -100,000
------------------------------------------------------------------------------------------------------------------------------------
  Vice President        Mark Liu                                            8,034,370                   7,974,370            -60,000
------------------------------------------------------------------------------------------------------------------------------------
  Vice President        Genda Hu                                              866,508                     839,508            -27,000
------------------------------------------------------------------------------------------------------------------------------------
  Vice President        J. B. Chen                                          5,547,520                   5,511,520            -36,000
------------------------------------------------------------------------------------------------------------------------------------
  Vice President        Kenneth Kin                                         1,518,172                   1,458,172            -60,000
------------------------------------------------------------------------------------------------------------------------------------

1. The Philips Electronics, B.V. appoints 3 directors and 1 supervisor.
2. The Development Fund appoints 1 director and 1 supervisor.



2) The pledge and clear of pledge of TSMC common shares by directors,
   supervisors, executive officers and 10% shareholders: None.

3) The acquisition of assets: (Unit:$ Thousand)



--------------------------------------------------------------------------------
  Description of assets                                           Purchase price
--------------------------------------------------------------------------------
                                                                   
--------------------------------------------------------------------------------
  Manufacturing Equipment                                             NT$504,708
--------------------------------------------------------------------------------
  Common Shares of VISC                                               NT$766,815
--------------------------------------------------------------------------------
  ABN AMRO Bond Fund                                                  NT$300,000
--------------------------------------------------------------------------------
  ABN AMRO Select Bond Fund                                           NT$279,000
--------------------------------------------------------------------------------


4) The disposition of assets: (Unit:$ Thousand): None.


                                   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 25, 2003          By  /s/ Harvey Chang
                                    --------------------------------------------
                                 Harvey Chang
                                 Senior Vice President & Chief Financial Officer