SEC Form 6-K filed by Taiwan Semiconductor Manufacturing Company Ltd.

11/8/24 6:08:20 AM ET

$TSM

Semiconductors

Technology

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6-K 1 tsm-revenue20241108.htm 6-K Document

1934 Act Registration No. 1-14700

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

_____________________________

FORM 6-K

_____________________________

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of November 2024

(Commission File Number: 001-14700)

_____________________________

Taiwan Semiconductor Manufacturing Company Ltd.

(Translation of Registrant’s Name Into English)

_____________________________

No. 8, Li-Hsin Rd. 6,

Hsinchu Science Park,

Taiwan, R.O.C.

(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 o

Indicate by check mark if the registrant is submitting the Form 6-K in papers as permitted by Regulation S-T Rule 101(b)(1):o

Indicate by check mark if the registrant is submitting the Form 6-K in papers as permitted by Regulation S-T Rule 101(b)(7):o

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 8, 2024

/s/ Wendell Huang

Wendell Huang

Senior Vice President and Chief Financial Officer

TSMC October 2024 Revenue Report

HSINCHU, Taiwan, R.O.C. – Nov. 8, 2024 - TSMC (TWSE: 2330, NYSE: TSM) today announced its net revenue for October 2024: On a consolidated basis, revenue for October 2024 was approximately NT$314.24 billion, an increase of 24.8 percent from September 2024 and an increase of 29.2 percent from October 2023. Revenue for January through October 2024 totaled NT$2,340.09 billion, an increase of 31.5 percent compared to the same period in 2023.


TSMC October Revenue Report (Consolidated):
							(Unit:NT$ million)

Period	October 2024	September 2024	M-o-M Increase (Decrease) %	October 2023	Y-o-Y Increase (Decrease) %	January to October 2024	January to October 2023	Y-o-Y Increase (Decrease) %
Net Revenue	314,240	251,873	24.8	243,203	29.2	2,340,086	1,779,410	31.5

TSMC Spokesperson:

Media Contacts

Wendell Huang
Senior Vice President and CFO
Tel: 886-3-505-5901

Nina Kao

Head of Public Relations

Tel: 886-3-563-6688 ext.7125036

Mobile: 886-988-239-163

E-Mail: [email protected]

Ulric Kelly

Public Relations

Tel: 886-3-563-6688 ext.7126541

Mobile: 886-978-111-503

E-Mail: [email protected]

Taiwan Semiconductor Manufacturing Company Limited

This is to report the changes or status of 1) revenue, 2) funds lent to other parties, 3) endorsements and guarantees, and 4) financial derivative transactions for October 2024 (“Current Month”).

Note: “Outstanding” herein means the outstanding balance at the end of Current Month; and “Cumulative” herein represents the accumulated amounts from the beginning of this year till the end of Current Month.

1. Revenue (in NT$ thousands)


Period	Items	2024	2023
October	Net Revenue	314,239,713	243,202,811
Jan. ~ Oct.	Net Revenue	2,340,086,234	1,779,409,796

2. Funds lent to other parties (in NT$ thousands)


Lending Company	Limit of lending	Amount approved by the Board of Directors	Outstanding amount
TSMC China*	104,837,062	45,039,460	30,611,560
TSMC Development**	34,480,469	1,923,720	961,860

* The borrower is TSMC Nanjing, a wholly-owned subsidiary of TSMC.

** The borrower is TSMC Washington, a wholly-owned subsidiary of TSMC.

3. Endorsements and guarantees (in NT$ thousands)


Guarantor	Limit of guarantee	Amount approved by the Board of Directors	Outstanding amount
TSMC*	1,516,561,150	2,667,985	2,667,985
TSMC**		240,465,000	240,465,000
TSMC***		385,783,450	257,535,435
TSMC Japan Ltd.****	338,957	276,804	276,804

* The guarantee was provided to TSMC North America, a wholly-owned subsidiary of TSMC.

** The guarantee was provided to TSMC Global, a wholly-owned subsidiary of TSMC.

*** The guarantee was provided to TSMC Arizona, a wholly-owned subsidiary of TSMC.

**** The guarantee was provided to TSMC Design Technology Japan, a wholly-owned subsidiary of TSMC.

4. Financial derivative transactions (in NT$ thousands)

(1)Derivatives not applying hedge accounting.

‧TSMC


		Forward
Margin Payment		-
Premium Income (Expense)		-
Existing Contracts	Outstanding Notional Amount	93,321,167
	Mark to Market of Outstanding Contracts	(221,421)
	Cumulative Unrealized Profit/Loss	(820,433)
Expired Contracts	Cumulative Notional Amount	872,796,158
	Cumulative Realized Profit/Loss	(4,301,815)
Equity price linked product (Y/N)		N

‧TSMC China


		Forward
Margin Payment		-
Premium Income (Expense)		-
Existing Contracts	Outstanding Notional Amount	798,155
	Mark to Market of Outstanding Contracts	(13,299)
	Cumulative Unrealized Profit/Loss	(28,893)
Expired Contracts	Cumulative Notional Amount	25,381,812
	Cumulative Realized Profit/Loss	(108,752)
Equity price linked product (Y/N)		N

‧TSMC Nanjing


		Forward
Margin Payment		-
Premium Income (Expense)		-
Existing Contracts	Outstanding Notional Amount	1,821,845
	Mark to Market of Outstanding Contracts	(25,981)
	Cumulative Unrealized Profit/Loss	(66,880)
Expired Contracts	Cumulative Notional Amount	58,897,928
	Cumulative Realized Profit/Loss	(247,970)
Equity price linked product (Y/N)		N

‧Japan Advanced Semiconductor Mfg., Inc.


		Forward
Margin Payment		-
Premium Income (Expense)		-
Existing Contracts	Outstanding Notional Amount	-
	Mark to Market of Outstanding Contracts	-
	Cumulative Unrealized Profit/Loss	92,598
Expired Contracts	Cumulative Notional Amount	4,378,711
	Cumulative Realized Profit/Loss	159,897
Equity price linked product (Y/N)		N

(2)Derivatives applying hedge accounting.

‧TSMC


		Forward
Margin Payment		-
Premium Income (Expense)		-
Existing Contracts	Outstanding Notional Amount	-
	Mark to Market of Outstanding Contracts	-
	Cumulative Unrealized Profit/Loss	-
Expired Contracts	Cumulative Notional Amount	-
	Cumulative Realized Profit/Loss	5,042
Equity price linked product (Y/N)		N

‧TSMC Global


		Future
Margin Payment		(41,488)
Premium Income (Expense)		-
Existing Contracts	Outstanding Notional Amount	1,538,976
	Mark to Market of Outstanding Contracts	45,917
	Cumulative Unrealized Profit/Loss	90,907
Expired Contracts	Cumulative Notional Amount	10,904,286
	Cumulative Realized Profit/Loss	52,154
Equity price linked product (Y/N)		N

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Date	Price Target	Rating	Analyst
7/18/2024	$130.00 → $170.00	Hold	TD Cowen
7/15/2024	$168.00 → $210.00	Buy	Needham
4/18/2024	$100.00 → $130.00	Hold	TD Cowen
4/18/2024		Buy → Outperform	Daiwa Securities
4/10/2024	$133.00 → $168.00	Buy	Needham
1/19/2024	$115.00 → $133.00	Buy	Needham
1/12/2024	$85.00 → $95.00	Market Perform	TD Cowen
10/23/2023	$105.00	Overweight	Barclays

SEC Form 6-K filed by Taiwan Semiconductor Manufacturing Company Ltd.

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