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 2004
Taiwan Semiconductor Manufacturing Company Ltd.
(Translation of Registrant's 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 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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TSMC Monthly Sales Report - March 2004
Hsinchu, Taiwan, April 8, 2004 - Taiwan Semiconductor Manufacturing Company Ltd.
(TSMC) ("the Company") (TAIEX: 2330, NYSE: TSM) today announced that net sales
for March 2004 totaled NT$19,972 million, representing a 8.6 percent growth over
February 2004. On a year-over-year basis, net sales for March 2004 increased
44.2 percent.
Ms. Lora Ho, TSMC vice president and chief financial officer, noted that,
"TSMC's March 2004 sales increased sequentially as a result of higher wafer
shipments and better product mix, which led to the rise of average selling price
(ASP)."
"The Company's revenues for the first quarter of 2004 were NT$57,513 million,
reaching the same level as the record sales for the fourth quarter of 2003. It
is expected that TSMC would generate even better revenues for the second quarter
of 2004 due to an increased demand and a firmer pricing environment," Ms. Ho
added.
# # #
Sales Report: (Unit: NT$ million)
-----------------------------------------------------------------------------------------------
Net Sales 2004(1) 2003 Growth Rate
-----------------------------------------------------------------------------------------------
March 19,972 13,851 44.2%
-----------------------------------------------------------------------------------------------
January through March 57,513 39,325 46.3%
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(1): Year 2004 figures have not been reviewed.
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 Mr. Richard Chung
PR Department Manager, TSMC Public Affairs Manager, TSMC PR Principal Specialist, TSMC
Tel: 886-3-666-5028(O) Tel:886-3-666-5029(O) Tel:886-3-666-5038(O)
886-928-882-607(Mobile) 886-932-113-258(Mobile) 886-911-258-751(Mobile)
Fax: 886-3-567-0121 Fax:03-5670121 Fax:03-5670121
E-mail: jhtzeng@tsmc.com E-Mail: jhchoua@tsmc.com E-Mail: cychung@tsmc.com
---------------- ---------------- ----------------
Taiwan Semiconductor Manufacturing Company Limited
April 08, 2004
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 March 2004.
1) Sales volume (in NT$ thousand)
------------------ ------------------ ------------------ ------------------ ------------------ ------------------
Period Items 2004 2003 Changes (%)
------------------ ------------------ ------------------ ------------------ ------------------ ------------------
------------------ ------------------ ------------------ ------------------ ------------------ ------------------
Mar Invoice amount 19,324,765 12,196,573 7,128,192 58.44%
------------------ ------------------ ------------------ ------------------ ------------------ ------------------
Jan - Mar Invoice amount 54,589,229 36,515,132 18,074,097 49.50%
------------------ ------------------ ------------------ ------------------ ------------------ ------------------
Mar Net sales 19,972,049 13,851,377 6,120,672 44.19%
------------------ ------------------ ------------------ ------------------ ------------------ ------------------
Jan - Mar Net sales 57,513,205 39,325,313 18,187,892 46.25%
------------------ ------------------ ------------------ ------------------ ------------------ ------------------
2) Funds lent to other parties (in NT$ thousand)
---------------------------- ------------------------- ---------------------- ---------------------------------
Limit of lending Mar Bal. as of period end
---------------------------- ------------------------- ---------------------- ---------------------------------
---------------------------- ------------------------- ---------------------- ---------------------------------
TSMC 65,842,862 - -
---------------------------- ------------------------- ---------------------- ---------------------------------
TSMC's subsidiaries 32,622,703 (51,750)* 4,953,000
---------------------------- ------------------------- ---------------------- ---------------------------------
* The deviation was due to the fluctuation in currency exchange rate.
3) Endorsements and guarantees (in NT$ thousand)
------------------------- ------------------------- ------------------------- ----------------------------
Limit of endorsements Mar Bal. as of period end
------------------------- ------------------------- ------------------------- ----------------------------
------------------------- ------------------------- ------------------------- ----------------------------
TSMC 82,303,577 (186,300)* 17,830,800
------------------------- ------------------------- ------------------------- ----------------------------
TSMC's subsidiaries N/A - -
--------------------------------------------------- ------------------------- ----------------------------
TSMC endorses for subsidiaries (186,300)* 17,830,800
--------------------------------------------------- ------------------------- ----------------------------
TSMC's subsidiaries endorse for TSMC - -
--------------------------------------------------- ------------------------- ----------------------------
TSMC endorses for PRC companies - -
--------------------------------------------------- ------------------------- ----------------------------
TSMC's subsidiaries endorse for PRC companies - -
--------------------------------------------------- ------------------------- ----------------------------
* The deviation was due to the fluctuation in currency exchange rate.
4) Financial derivative transactions (in thousand)
a-1. Hedging purpose (for assets / liabilities denominated in foreign
currencies)
------------------------------------- --------------------- -------------------- ----------------------
Underlying assets / liabilities Liabilities: YEN: 2,624,860
-------------------- ----------------------
EUR: 19,000
--------------------- -------------------- ----------------------
Assets: US$: 1,963,127
------------------------------------- --------------------- -------------------- ----------------------
Financial instruments FX forward contracts
------------------------------------- --------------------- -------------------------------------------
Recognized profit (loss) (NT$210,832)
------------------------------------- --------------------- -------------------------------------------
a-2. Hedging purpose (for the position of fixed rate liabilities / floating
rate assets)
------------------------------------- --------------------- -------------------- ----------------------
Underlying assets / liabilities Liabilities: NT$: 3,000,000
-------------------- ----------------------
US$: 2,857
--------------------- -------------------- ----------------------
Assets US$: -
------------------------------------- --------------------- -------------------- ----------------------
Financial instruments Interest rate swap
------------------------------------- --------------------- -------------------- ----------------------
Recognized profit (loss) -
------------------------------------- --------------------- -------------------- ----------------------
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: April 8, 2004 By /s/ Lora Ho
-----------------------------------
Lora Ho
Vice President & Chief Financial Officer