Form 6-K TAIWAN SEMICONDUCTOR For: Jan 13

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 January 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:

January 13, 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 January 13, 2022.

99.2

TSMC 4Q21 conference call presentation material.

TSMC Reports Fourth Quarter EPS of NT$6.41

HSINCHU, Taiwan, R.O.C., Jan. 13, 2022 – TSMC (TWSE: 2330, NYSE: TSM) today announced consolidated revenue of NT$438.19 billion, net income of NT$166.23 billion, and diluted earnings per share of NT$6.41 (US$1.15 per ADR unit) for the fourth quarter ended December 31, 2021.

Year-over-year, fourth quarter revenue increased 21.2% while net income and diluted EPS both increased 16.4%. Compared to third quarter 2021, fourth quarter results represented a 5.7% increase in revenue and a 6.4% increase in net income. All figures were prepared in accordance with TIFRS on a consolidated basis.

In US dollars, fourth quarter revenue was $15.74 billion, which increased 24.1% year-over-year and increased 5.8% from the previous quarter.

Gross margin for the quarter was 52.7%, operating margin was 41.7%, and net profit margin was 37.9%.

In the fourth quarter, shipments of 5-nanometer accounted for 23% of total wafer revenue; 7-nanometer accounted for 27%. Advanced technologies, defined as 7-nanometer and more advanced technologies, accounted for 50% of total wafer revenue.

“Our fourth quarter business was supported by strong demand for our industry-leading 5-nanometer technology,” said Wendell Huang, VP and Chief Financial Officer of TSMC. “Moving into first quarter 2022, we expect our business to be supported by HPC-related demand, continued recovery in the automotive segment, and a milder smartphone seasonality than in recent years.”

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

-Revenue is expected to be between US$16.6 billion and US$17.2 billion;

And, based on the exchange rate assumption of 1 US dollar to 27.6 NT dollars,

-Gross profit margin is expected to be between 53% and 55%;

-Operating profit margin is expected to be between 42% and 44%.

The management further expects the 2022 capital budget to be between US$40 billion and US$44 billion.

TSMC’s 2021 fourth quarter consolidated results:

(Unit: NT$ million, except for EPS)

4Q21

4Q20

YoY

3Q21

QoQ

Amount^a

Amount

Inc. (Dec.) %

Amount

Inc. (Dec.) %

  Net sales

438,189

361,533

21.2

414,671

5.7

  Gross profit

230,755

195,236

18.2

212,746

8.5

  Income from operations

182,772

157,120

16.3

171,004

6.9

  Income before tax

184,819

161,107

14.7

173,852

6.3

  Net income

166,232

142,766

16.4

156,259

6.4

  EPS (NT$)

6.41^b

5.51^b

16.4

6.03^b

6.4

a: 4Q2021 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]