# EDGAR Filing Document

**Accession Number:** 0001046179
**File Stem:** 0001564590-23-000363
**Filing Date:** 2023-1
**Character Count:** 14488
**Document Hash:** 9e686d07a6954aa028d15e76f2fc0ee6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001564590-23-000363.hdr.sgml**: 20230112

**ACCESSION NUMBER**: 0001564590-23-000363

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 18

**CONFORMED PERIOD OF REPORT**: 20230112

**FILED AS OF DATE**: 20230112

**DATE AS OF CHANGE**: 20230112

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD
- **CENTRAL INDEX KEY:** 0001046179
- **STANDARD INDUSTRIAL CLASSIFICATION:** SEMICONDUCTORS & RELATED DEVICES [3674]
- **IRS NUMBER:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-14700
- **FILM NUMBER:** 23524899

**BUSINESS ADDRESS:**
- **STREET 1:** NO. 8, LI-HSIN ROAD 6
- **STREET 2:** SCIENCE-BASED INDUSTRIAL PARK
- **CITY:** HSINCHU
- **STATE:** F5
- **ZIP:** 00000
- **BUSINESS PHONE:** 886-3-5636688

**MAIL ADDRESS:**
- **STREET 1:** NO. 8, LI-HSIN ROAD 6
- **STREET 2:** SCIENCE-BASED INDUSTRIAL PARK
- **CITY:** HSINCHU
- **STATE:** F5
- **ZIP:** 00000

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| | |
|:---|:---|
| | 1934 Act Registration No. 1-14700 |
| **UNITED STATES** | **UNITED STATES** |
| **SECURITIES AND EXCHANGE COMMISSION**<br> **Washington, D.C. 20549** | **SECURITIES AND EXCHANGE COMMISSION**<br> **Washington, D.C. 20549** |
| **FORM 6-K** |  |
| **REPORT OF FOREIGN PRIVATE ISSUER<br>PURSUANT TO RULE 13a-16 OR 15d-16 UNDER**<br> **THE SECURITIES EXCHANGE ACT OF 1934** |  |
| **For the month of January 2023**<br> **(Commission File Number: 001-14700)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; **Taiwan Semiconductor Manufacturing Company Ltd.**<br> **(Translation of Registrant's Name Into English)** | &nbsp;&nbsp;&nbsp;&nbsp; **Taiwan Semiconductor Manufacturing Company Ltd.**<br> **(Translation of Registrant's Name Into English)** |
| **No. 8, Li-Hsin Rd. 6,<br>Hsinchu Science Park,<br>Taiwan, R.O.C.<br>(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.<br>Form 20-F ☒ Form 40-F ☐ | Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.<br>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):□<br> 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):□ | 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):□<br> 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. |

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| | | | |
|:---|:---|:---|:---|
|  |  | Taiwan Semiconductor Manufacturing Company Ltd. | Taiwan Semiconductor Manufacturing Company Ltd. |
| Date: | &nbsp;&nbsp;&nbsp; January 12, 2023 | By | &nbsp;&nbsp;&nbsp; /s/ Wendell Huang |
|  |  |  | &nbsp;&nbsp;&nbsp; Wendell Huang |
|  |  |  | &nbsp;&nbsp;&nbsp; Vice President & Chief Financial Officer |

---

------

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| | |
|:---|:---|
| **Exhibits** | **Exhibits** |
| **Exhibit Number** | **Exhibit Description** |
| 99.1 | [<u>Press release issued by TSMC on January 12, 2023.</u>](tsm-ex991_38.htm) |
| 99.2 | [<u>TSMC 4Q22 conference call presentation material.</u>](tsm-ex992_8.htm) |

---

## Exhibit 99.1

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|:---|
| ![](gshfcrouufhr000001.jpg) |
| ![](gshfcrouufhr000001.jpg) |
| ![](gshfcrouufhr000001.jpg) |
| ![](gshfcrouufhr000001.jpg) |

---

---

| |
|:---|
| **TSMC Reports Fourth Quarter EPS of NT$11.41** |
| **HSINCHU, Taiwan, R.O.C., Jan. 12, 2023 -- TSMC (TWSE: 2330, NYSE: TSM) today announced consolidated revenue of NT$625.53 billion, net income of NT$295.90 billion, and diluted earnings per share of NT$11.41 (US$1.82 per ADR unit) for the fourth quarter ended December 31, 2022.**<br>Year-over-year, fourth quarter revenue increased 42.8% while net income and diluted EPS both increased 78.0%. Compared to third quarter 2022, fourth quarter results represented a 2.0% increase in revenue and a 5.4% increase in net income. All figures were prepared in accordance with TIFRS on a consolidated basis.<br>In US dollars, fourth quarter revenue was $19.93 billion, which increased 26.7% year-over-year but decreased 1.5% from the previous quarter.<br>Gross margin for the quarter was 62.2%, operating margin was 52.0%, and net profit margin was 47.3%.<br>In the fourth quarter, shipments of 5-nanometer accounted for 32% of total wafer revenue; 7-nanometer accounted for 22%. Advanced technologies, defined as 7-nanometer and more advanced technologies, accounted for 54% of total wafer revenue.<br>"Our fourth quarter business was dampened by end market demand softness, and customers' inventory adjustment, despite the continued ramp-up for our industry-leading 5nm technologies," said Wendell Huang, VP and Chief Financial Officer of TSMC. "Moving into first quarter 2023, as overall macroeconomic conditions remain weak, we expect our business to be further impacted by continued end market demand softness, and customers' further inventory adjustment."<br>Based on the Company's current business outlook, management expects the overall performance for first quarter 2023 to be as follows:<br>•Revenue is expected to be between US$16.7 billion and US$17.5 billion; And, based on the exchange rate assumption of 1 US dollar to 30.7 NT dollars,<br> •Gross profit margin is expected to be between 53.5% and 55.5%;<br> •Operating profit margin is expected to be between 41.5% and 43.5%.<br>The management further expects the 2023 capital budget to be between US$32 billion and US$36 billion. |
| **TSMC's 2022 fourth quarter consolidated results:** |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| (Unit: NT$ million, except for EPS)  | (Unit: NT$ million, except for EPS)  | (Unit: NT$ million, except for EPS)  | (Unit: NT$ million, except for EPS)  | (Unit: NT$ million, except for EPS)  | (Unit: NT$ million, except for EPS)  |
|  | 4Q22 | 4Q21 | YoY | 3Q22 | QoQ |
|  | Amount<sup>a</sup> | Amount | Inc. (Dec.) % | Amount | Inc. (Dec.) % |
| &nbsp;&nbsp;&nbsp;&nbsp;Net sales | 625532 | 438189 | 42.8 | 613142 | 2.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gross profit | 389185 | 230755 | 68.7 | 370499 | 5.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income from operations | 325041 | 182772 | 77.8 | 310324 | 4.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income before tax | 334670 | 184819 | 81.1 | 316691 | 5.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net income | 295904 | 166232 | 78.0 | 280866 | 5.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;EPS (NT$) | 11.41<sup>b</sup> | 6.41<sup>c</sup> | 78.0 | 10.83<sup>b</sup> | 5.4 |
| *a: 4Q2022 figures have not been approved by Board of Directors* | *a: 4Q2022 figures have not been approved by Board of Directors* | *a: 4Q2022 figures have not been approved by Board of Directors* |  |  |  |
| *b: Based on 25,929 million weighted average outstanding shares* | *b: Based on 25,929 million weighted average outstanding shares* | *b: Based on 25,929 million weighted average outstanding shares* |  |  |  |
| *c: Based on 25,930 million weighted average outstanding shares* | *c: Based on 25,930 million weighted average outstanding shares* | *c: Based on 25,930 million weighted average outstanding shares* |  |  |  |

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| | | |
|:---|:---|:---|
| **About TSMC**<br> 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.<br>TSMC deployed 288 distinct process technologies, and manufactured 12,698 products for 532 customers in 2022 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 <u>https://www.tsmc.com</u>.

# # # | **About TSMC**<br> 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.<br>TSMC deployed 288 distinct process technologies, and manufactured 12,698 products for 532 customers in 2022 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 <u>https://www.tsmc.com</u>.

# # # | **About TSMC**<br> 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.<br>TSMC deployed 288 distinct process technologies, and manufactured 12,698 products for 532 customers in 2022 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 <u>https://www.tsmc.com</u>.

# # # |
| **TSMC Spokesperson:** | **Media Contacts:** |  |
| Wendell Huang<br>Vice President and CFO<br>Tel: 886-3-505-5901 | Nina Kao<br> Head of Public Relations<br> Tel: 886-3-563-6688 ext.7125036 <br> Mobile: 886-988-239-163<br> E-Mail: nina_kao@tsmc.com  | Ulric Kelly<br> Public Relations<br> Tel: 886-3-563-6688 ext.7126541<br> Mobile: 886-978-111-503<br> E-Mail: ukelly@tsmc.com |

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## Exhibit 99.2

![Slide 0](slide-i0sy1kovyou.jpg)

2022 Fourth Quarter Earnings Conference January 12, 2023

![Slide 1](slide-fws0snk35ix.jpg)

Agenda Welcome Jeff Su, IR Director 4Q22 Financial Results and 1Q23 Outlook Wendell Huang, CFO Key Messages Wendell Huang, CFO C.C. Wei, CEO Q&A

![Slide 2](slide-0taeqbkyipv.jpg)

Safe Harbor Notice TSMC's statements of its current expectations are forward-looking statements subject to significant risks and uncertainties and actual results may differ materially from those contained in the forward-looking statements. Information as to those factors that could cause actual results to vary can be found in TSMC's Annual Report on Form 20-F filed with the United States Securities and Exchange Commission (the "SEC") on April 14, 2022 and such other documents as TSMC may file with, or submit to, the SEC from time to time. Except as required by law, we undertake no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.

![Slide 3](slide-3wszfgrzlgc.jpg)

Statements of Comprehensive Income

![Slide 4](slide-bz4lekrt4ig.jpg)

4Q22 Revenue by Technology 0.11/0.13um 3% 90nm 2% 0.25um and above 1% 40/45nm 7% 28nm 11% 7nm and Below Revenue 16nm 12% 0.15/0.18um 5% 65nm 5% 7nm 22% 5nm 32%

![Slide 5](slide-t03u2q2m0zj.jpg)

Revenue by Technology 2021 2022 0.11/0.13um 3% 90nm 2% 0.25um and above 1% 28nm 10% 16nm 13% 0.15/0.18um 6% 65nm 5% 7nm 27% 5nm 26% 40/45nm 7% 0.11/0.13um 3% 90nm 2% 0.25um and above 2% 28nm 11% 16nm 14% 0.15/0.18um 6% 65nm 5% 7nm 31% 5nm 19% 40/45nm 7%

![Slide 6](slide-ly0pmsm55u3.jpg)

4Q22 Revenue by Platform Smartphone 38% Automotive 6% HPC 42% DCE 2% Others 4% IoT 8% Smartphone Automotive Others HPC IoT DCE

![Slide 7](slide-tkmpizapsx2.jpg)

2022 Revenue by Platform Smartphone 39% Automotive 5% HPC 41% DCE 3% Others 3% IoT 9% Smartphone Automotive Others HPC IoT DCE

![Slide 8](slide-mwhvu1dx2nj.jpg)

Balance Sheets & Key Indices

![Slide 9](slide-g5bqeqs42mu.jpg)

Cash Flows \* Free cash flow = Cash from operating activities – Capital expenditures \*

![Slide 10](slide-kcp3ohbshh4.jpg)

2022 Financial Highlights

![Slide 11](slide-0qvosewpexa.jpg)

1Q23 Guidance Revenue to be between US$16.7 billion and US$17.5 billion Based on our current business outlook, management expects: And, based on the exchange rate assumption of 1 US dollar to 30.7 NT dollars, management expects: Gross profit margin to be between 53.5% and 55.5% Operating profit margin to be between 41.5% and 43.5%

![Slide 12](slide-0nvqrtfrbyq.jpg)

Recap of Recent Major Events Please visit TSMC's website (https://www.tsmc.com) and Market Observation Post System (https://mops.twse.com.tw) for details and other announcements TSMC Held a 3nm Volume Production And Capacity Expansion Ceremony at Its Fab 18 New Construction Site in The Southern Taiwan Science Park (2022/12/29) TSMC Announced That TSMC Arizona Has Started The Construction of a Second Fab Which Is Scheduled to Begin Production of 3nm Process Technology in 2026. The Overall Investment for Two Fabs Will Be Approximately US$40 Billion (2022/12/06) TSMC Board of Directors Approved NT$2.75 Cash Dividend for the Third Quarter of 2022 and Set March 16 as Ex-Dividend Date, March 22 as the Record Date and April 13, 2023 as the Distribution Date (2022/11/08)

![Slide 13](slide-iz5ehenljbp.jpg)

https://www.tsmc.com invest@tsmc.com