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 March 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: _______.)
TSMC Monthly Sales Report - February 2003
Hsinchu, Taiwan, March 7, 2003 - Taiwan Semiconductor Manufacturing Company
Ltd. ("TSMC" or "the Company") (TAIEX: 2330, NYSE: TSM), today announced that
net sales for February 2003 totaled NT$12,345 million; revenues for January
through February 2003 were NT$25,474 million.
Mr. Harvey Chang, TSMC spokesperson and senior vice president, said that because
February was a short month that also included the Chinese Lunar Year holidays,
unit sales in February 2003 were less than those in January. As a result, net
sales for February 2003 decreased by a slight 6.0% compared to January 2003. On
a year-over-year basis, net sales for February 2003 increased 7.6%.
Mr. Chang also noted that TSMC's revenue will for certain touch bottom in the
first quarter of 2003 and its monthly sales for the second quarter of 2003 are
expected to increase sequentially. TSMC 2003 first quarter results are expected
to be better than were forecast in its institutional investor conference on
January 28, 2003. The utilization rate for the first quarter of 2003 is expected
to be a few percentage points higher than the previously-forecast 60% range,
showing a clear sign of stabilization.
# # #
Sales Report: (Unit: NT$ million)
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Net Sales 2003/(1)/ 2002 Growth
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February 12,345 11,468 7.6%
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January through February 25,474 23,513 8.3%
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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: 886-3-578-0221 Ext2075
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: 886-3-567-3338 Tel: 886-3-5673347 (O) Tel: 886-3-5673345(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
March 07, 2003
This is to report the changes or status of 1)Sales volume 2) funds lent to other
parties 3) Endorsements and guarantees 4) Financial derivative transactions for
the period of February 2003.
1) Sales volume (NT$: Thousand)
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Time Items 2003 2002 Changes (%)
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Feb Invoice amount 11,751,879 11,654,451 97,429 0.84%
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Jan - Feb Invoice amount 23,908,149 24,202,453 -294,304 -1.22%
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Feb Net sales 12,345,096 11,468,227 876,869 7.65%
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Jan - Feb Net sales 25,473,937 23,512,940 1,960,997 8.34%
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2) Funds lent to other parties (NT$ Thousand)
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Limit of lending February Bal. As of period end
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TSMC 58,721,466 - -
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TSMC's subsidiaries 27,094,514 430 347,460
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3) Endorsements and guarantees (NT$ Thousand)
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Limit of endorsements February Bal. As of period end
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TSMC 59,768,660 29,240 23,627,280
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TSMC's subsidiaries N/A 0 0
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TSMC endorses for subsidiaries 29,240 23,627,280
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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: 4,742,035,000
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EUR: 40,000,000
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Assets: US$: 820,000,000
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Financial instruments FX forward contracts
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Realized profit (loss) (NT$19,818,975)
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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.
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: March 7, 2003 By /s/ Harvey Chang
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Harvey Chang
Senior Vice President & Chief Financial Officer