Form 6-K TAIWAN SEMICONDUCTOR For: Jul 14

1934 Act Registration No. 1-14700

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 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 July 2022

(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  ☒            Form 40-F  ☐

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):□

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):□

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:

July 14, 2022

By

/s/ Wendell Huang

Wendell Huang

Vice President & Chief Financial Officer

Exhibits

Exhibit Number

Exhibit Description

99.1

Press release issued by TSMC on July 14, 2022.

99.2

TSMC 2Q22 conference call presentation material.

TSMC Reports Second Quarter EPS of NT$9.14

HSINCHU, Taiwan, R.O.C., Jul. 14, 2022 -- TSMC (TWSE: 2330, NYSE: TSM) today announced consolidated revenue of NT$534.14 billion, net income of NT$237.03 billion, and diluted earnings per share of NT$9.14 (US$1.55 per ADR unit) for the second quarter ended June 30, 2022.

Year-over-year, second quarter revenue increased 43.5% while net income and diluted EPS both increased 76.4%. Compared to first quarter 2022, second quarter results represented an 8.8% increase in revenue and a 16.9% increase in net income. All figures were prepared in accordance with TIFRS on a consolidated basis.

In US dollars, second quarter revenue was $18.16 billion, which increased 36.6% year-over-year and increased 3.4% from the previous quarter.

Gross margin for the quarter was 59.1%, operating margin was 49.1%, and net profit margin was 44.4%.

In the second quarter, shipments of 5-nanometer accounted for 21% of total wafer revenue; 7-nanometer accounted for 30%. Advanced technologies, defined as 7-nanometer and more advanced technologies, accounted for 51% of total wafer revenue.

“Our second quarter business was supported by HPC, IoT and Automotive-related demand,” said Wendell Huang, VP and Chief Financial Officer of TSMC. “Moving into third quarter 2022, we expect our business to be supported by continued demand for our industry-leading 5nm and 7nm technologies.”

Based on the Company’s current business outlook, management expects the overall performance for third quarter 2022 to be as follows:

-Revenue is expected to be between US$19.8 billion and US$20.6 billion;

And, based on the exchange rate assumption of 1 US dollar to 29.7 NT dollars,

-Gross profit margin is expected to be between 57.5% and 59.5%;

-Operating profit margin is expected to be between 47% and 49%.

TSMC’s 2022 second quarter consolidated results:

(Unit: NT$ million, except for EPS)

2Q22

2Q21

YoY

1Q22

QoQ

Amount^a

Amount

Inc. (Dec.) %

Amount

Inc. (Dec.) %

  Net sales

534,141

372,145

43.5

491,076

8.8

  Gross profit

315,468

186,197

69.4

273,203

15.5

  Income from operations

262,124

145,667

79.9

223,790

17.1

  Income before tax

265,998

149,391

78.1

226,832

17.3

  Net income

237,027

134,359

76.4

202,733

16.9

  EPS (NT$)

9.14^b

5.18^b

76.4

7.82^b

16.9

a: 2Q2022 figures have not been approved by Board of Directors

b: Based on 25,930 million weighted average outstanding shares

About TSMC

TSMC pioneered the pure-play foundry business model when it was founded in 1987, and has been the world’s leading dedicated semiconductor foundry ever since. The Company supports a thriving ecosystem of global customers and partners with the industry’s leading process technologies and portfolio of design enablement solutions to unleash innovation for the global semiconductor industry. With global operations spanning Asia, Europe, and North America, TSMC serves as a committed corporate citizen around the world.

TSMC deployed 291 distinct process technologies, and manufactured 12,302 products for 535 customers in 2021 by providing broadest range of advanced, specialty and advanced packaging technology services. TSMC is the first foundry to provide 5-nanometer production capabilities, the most advanced semiconductor process technology available in the world. The Company is headquartered in Hsinchu, Taiwan. For more information please visit https://www.tsmc.com.

#     #     #

TSMC Spokesperson:

Media Contacts:

Wendell Huang
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]  

Hui-Chung Su

Public Relations

Tel: 886-3-563-6688 ext. 7125033

Mobile: 886-988-930-039

E-Mail: [email protected]

Ulric Kelly

Public Relations

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

Mobile: 886-978-111-503

E-Mail: [email protected]