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 December 2002
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 V 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 V
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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 - November 2002
Hsin-Chu, Taiwan, December 9, 2002-Taiwan Semiconductor Manufacturing Company
Ltd. ("TSMC" or "the Company") (TAIEX: 2330, NYSE: TSM) today announced that net
sales for November 2002 totaled NT$14,582 million, while revenues from January
to November 2002 were NT$149,620 million.
TSMC Spokesperson Mr. Harvey Chang noted that due to sustained seasonal demand,
unit sales for November 2002 decreased only slightly compared to October 2002.
As a result, net sales for November 2002 registered a 4.3% decrease relative to
October 2002 and a 31.9% increase on a year-over-year basis. The Company's sales
revenues from January through November 2002 increased 31.1% over the
corresponding period of 2001.
Mr. Chang also stated that due to the recent pick-up in PC demand and increased
demand for communication products for seasonal sales, the Company's wafer
shipment for the fourth quarter of 2002 would approximately equal those of the
third quarter of 2002. The Company's utilization rate for the fourth quarter of
2002 is expected to be close to 60 percent. In addition, the average selling
price (ASP) for the fourth quarter of 2002 is expected to rise slightly compared
to the third quarter of 2002.
# # #
Sales Report: (Unit: NT$ million)
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Net Sales 2002/(1)/ 2001 Growth
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November 14,582 11,059 31.9%
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January through November 149,620 114,155 31.1%
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(1): Year 2002 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 Public Affairs 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
December 09, 2002
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 November 2002.
1) Sales volume (NT$:Thousand)
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Time Items 2002 2001 Changes (%)
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Nov Invoice amount 14,739,953 9,906,489 4,833,464 48.79%
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Jan - Nov Invoice amount 150,599,768 115,831,156 34,768,612 30.02%
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Nov Net sales 14,582,366 11,058,792 3,523,574 31.86%
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Jan - Nov Net sales 149,620,428 114,154,728 35,465,700 31.07%
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2) Funds lent to other parties (NT$Thousand)
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Limit of lending November Bal. As of period end
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TSMC 39,845,773 - -
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TSMC's subsidiaries 27,145,980 510 348,120
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3) Endorsements and quarantees (NT$ Thousand)
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Limit of endorsements November Bal. As of period end
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TSMC 59,768,660 34,680 23,672,160
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TSMC's subsidiaries N/A 0 0
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TSMC endorses for subsidiaries 34,680 23,672,160
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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 derivatives transactions
a-1. Hedging purpose (for assets / liabilities denominated in foreign
currencies)
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Underlying assets / liabilities Liabilities: YEN: 2,646,925,000
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EUR: 105,000,000
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Assets: US$ 720,000,000
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Financial instruments FX forward contracts
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Realized profit (loss) NT$1,536,114
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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: December 9, 2002 By /s/ Harvey Chang
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Harvey Chang
Senior Vice President & Chief Financial Officer