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 February 2003 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 X Form 40-F ------- ------- (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 X ------- ------- (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 - January 2003 Hsin-Chu, Taiwan, February 12, 2003 - Taiwan Semiconductor Manufacturing Company Ltd. ("TSMC" or "the Company") (TAIEX: 2330, NYSE: TSM) today announced that net sales for January 2003 totaled NT$13,129 million. TSMC Spokesperson Mr. Harvey Chang noted that compared to December 2002, TSMC realized an increase in unit sales for January 2003 due to a seasonal increase in customer wafer shipments in advance of Chinese New Year. This resulted in a 15.8% revenue increase compared to the month prior, and a nine percent increase on a year-over-year basis. # # # Sales Report: (Unit: NT$ million) -------------------------------------------------------------------------------- 2003/(1)/ 2002 Growth -------------------------------------------------------------------------------- Net Sales for January 13,129 12,045 9.0% -------------------------------------------------------------------------------- (1): Year 2003 figures have not been audited. TSMC Spokesperson: ----------------- Mr. Harvey Chang Senior Vice President Tel: 886-3-578-0221 Ext2075 For further information, please contact: --------------------------------------- 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 Email: jhtzeng@tsmc.com.tw Email:jhchoua@tsmc.com.tw Email: ssguo@tsmc.com.tw ------------------- ------------------- ----------------- Taiwan Semiconductor Manufacturing Company Limited February 12, 2003 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 January 2003. 1) Sales volume (NT$: Thousand) ------------------------------------------------------------------------------------------------------------------ Time Items 2003 2002 Changes (%) ------------------------------------------------------------------------------------------------------------------ Jan Invoice amount 11,359,311 12,548,002 -1,188,691 -9.47% ------------------------------------------------------------------------------------------------------------------ Jan - Jan Invoice amount 11,359,311 12,548,002 -1,188,691 -9.47% ------------------------------------------------------------------------------------------------------------------ Jan Net sales 13,128,841 12,044,713 1,084,128 9.00% ------------------------------------------------------------------------------------------------------------------ Jan - Jan Net sales 13,128,841 12,044,713 1,084,128 9.00% ------------------------------------------------------------------------------------------------------------------ 2) Funds lent to other parties (NT$ Thousand) --------------------------------------------------------------------------------------------------- Limit of lending January Bal. As of period end --------------------------------------------------------------------------------------------------- TSMC 58,721,466 - - --------------------------------------------------------------------------------------------------- TSMC's subsidiaries 27,060,983 (500) 347,030 --------------------------------------------------------------------------------------------------- 3) Endorsements and quarantees (NT$ Thousand) --------------------------------------------------------------------------------------------------- Limit of endorsements January Bal. As of period end --------------------------------------------------------------------------------------------------- TSMC 59,768,660 (34,000) 23,598,040 --------------------------------------------------------------------------------------------------- TSMC's subsidiaries N/A 0 0 --------------------------------------------------------------------------------------------------- TSMC endorses for subsidiaries (34,000) 23,598,040 --------------------------------------------------------------------------------------------------- TSMC's subsidiaries endorse for TSMC 0 0 --------------------------------------------------------------------------------------------------- TSMC endorses for PRC companies 0 0 --------------------------------------------------------------------------------------------------- TSMC's subsidiaries endorse for PRC companies 0 0 --------------------------------------------------------------------------------------------------- 4) Financial derivatives transactions a-1. Hedging purpose (for assets / liabilities denominated in foreign currencies) --------------------------------------------------------------------------------------------------- Underlying assets / liabilities Liabilities: YEN: 5,106,150,000 ------------------------------------- EUR: 55,000,000 ------------------------------------------------------- Assets: US$ 790,000,000 --------------------------------------------------------------------------------------------------- Financial instruments FX forward contracts --------------------------------------------------------------------------------------------------- Realized profit (loss) NT$40,927,854 --------------------------------------------------------------------------------------------------- a-2. Hedging purpose (for the position of floating rate liabilities) --------------------------------------------------------------------------------------------------- Underlying assets / liabilities Liabilities: NT$5,000,000,000 --------------------------------------------------------------------------------------------------- Financial instruments Interest rate swap --------------------------------------------------------------------------------------------------- Realized profit (loss) - --------------------------------------------------------------------------------------------------- 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: February 12, 2003 By /s/ Harvey Chang --------------------------------------------- Harvey Chang Senior Vice President & Chief Financial Officer