Strong sales surge for TSMC (NYSE: TSM) with 33.8% August jump

Rhea-AI Filing Summary

Taiwan Semiconductor Manufacturing Company Limited (TSMC) reports strong August 2025 operating data. Consolidated net revenue for August 2025 was about NT$335.77 billion, up 3.9% from July 2025 and 33.8% higher than August 2024, showing solid month-on-month and year-on-year growth. Revenue for January through August 2025 reached NT$2,431.98 billion, a 37.1% increase compared with the same period in 2024.

TSMC also discloses intercompany financing. TSMC China had an outstanding lending balance of NT$14,586,680 thousand and TSMC Development had NT$1,835,100 thousand lent, all to wholly owned subsidiaries. The company provides guarantees to subsidiaries including TSMC North America, TSMC Global, and TSMC Arizona, with individual guarantee limits in the hundreds of billions of New Taiwan dollars.

For financial derivatives, TSMC and several subsidiaries use mainly forward and futures contracts. TSMC’s forwards had an outstanding notional amount of NT$204,874,735 thousand with a modest negative mark-to-market position, while related entities reported relatively small unrealized and realized gains or losses versus the notional amounts involved.

Positive

• Strong revenue growth: August 2025 net revenue reached approximately NT$335.77 billion, up 3.9% month-on-month and 33.8% year-on-year, with year-to-date revenue up 37.1% versus 2024.

Negative

• None.

Insights

Semiconductor equity analyst

TSMC posts robust August revenue growth with active but manageable treasury activity.

TSMC shows strong top-line momentum. August 2025 consolidated net revenue of NT$335.77 billion grew 3.9% versus July 2025 and 33.8% versus August 2024. Year-to-date revenue of NT$2,431.98 billion is up 37.1% over the same period of 2024, indicating broad-based demand strength rather than a one-off spike.

The company also outlines intra-group financing and guarantees, mainly supporting wholly owned subsidiaries such as TSMC China, TSMC Development, TSMC North America, TSMC Global, and TSMC Arizona. These figures frame TSMC’s role as a central funding entity without changing equity directly, but they highlight ongoing capital deployment into global expansion.

On derivatives, TSMC and affiliates hold sizable notional forward and futures positions, such as TSMC’s forwards with NT$204,874,735 thousand outstanding notional. Reported unrealized and realized gains or losses are small relative to these notionals, suggesting the instruments are being used mainly for risk management rather than speculation based on the disclosed amounts.

Form 6-K: How Foreign Companies Report to the SEC →

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 September 2025

(Commission File Number: 001-14700)

_____________________________

Taiwan Semiconductor Manufacturing Company Limited

(Translation of Registrant’s Name Into English)

_____________________________

No. 8, Li-Hsin Road 6

Hsinchu Science Park

Hsinchu 300-096, Taiwan

Republic of China

(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 Limited

Date: September 10, 2025

By

/s/ Wendell Huang

Wendell Huang

Senior Vice President and Chief Financial Officer

TSMC August 2025 Revenue Report

HSINCHU, Taiwan, R.O.C. – Sep. 10, 2025 - TSMC (TWSE: 2330, NYSE: TSM) today announced its net revenue for August 2025: On a consolidated basis, revenue for August 2025 was approximately NT$335.77 billion, an increase of 3.9 percent from July 2025 and an increase of 33.8 percent from August 2024. Revenue for January through August 2025 totaled NT$2,431.98 billion, an increase of 37.1 percent compared to the same period in 2024.

			TSMC August Revenue Report (Consolidated):
																								(Unit:NT$ million)
			Period			August 2025			July 2025			M-o-M Increase (Decrease) %			August 2024			Y-o-Y Increase (Decrease) %			January to August 2025			January to August 2024			Y-o-Y Increase (Decrease) %
			Net Revenue			335,772			323,166			3.9			250,866			33.8			2,431,983			1,773,974			37.1

TSMC Spokesperson:

TSMC Media Contacts

Wendell Huang Senior Vice President and CFO

Nina Kao Head of Public Relations Tel: 886-3-563-6688 ext.7125036 Mobile: 886-988-239-163 E-Mail: press@tsmc.com

Ulric Kelly Public Relations Tel: 886-3-563-6688 ext.7126541 Mobile: 886-978-111-503 E-Mail: press@tsmc.com

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 August 2025 (“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			2025			2024
Aug.			Net Revenue			335,771,691			250,866,368
Jan. ~ Aug.			Net Revenue			2,431,982,931			1,773,973,804

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*			111,023,713			28,349,930			14,586,680
TSMC Development**			32,879,242			1,835,100			1,835,100

* 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*			1,832,429,590			2,545,079			2,545,079
TSMC**						229,387,500			229,387,500
TSMC***						458,596,921			334,347,160

* 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.

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			204,874,735
			Mark to Market of Outstanding Contracts			(2,616,679)
			Cumulative Unrealized Profit/Loss			(2,190,743)
Expired Contracts			Cumulative Notional Amount			832,620,541
			Cumulative Realized Profit/Loss			3,147,258
Equity price linked product (Y/N)						N

‧TSMC China

						Forward
Margin Payment						-
Premium Income (Expense)						-
Existing Contracts			Outstanding Notional Amount			1,995,086
			Mark to Market of Outstanding Contracts			9,151
			Cumulative Unrealized Profit/Loss			8,827
Expired Contracts			Cumulative Notional Amount			8,087,860
			Cumulative Realized Profit/Loss			(17,617)
Equity price linked product (Y/N)						N

‧TSMC Nanjing

						Forward
Margin Payment						-
Premium Income (Expense)						-
Existing Contracts			Outstanding Notional Amount			6,269,166
			Mark to Market of Outstanding Contracts			26,383
			Cumulative Unrealized Profit/Loss			25,704
Expired Contracts			Cumulative Notional Amount			24,004,829
			Cumulative Realized Profit/Loss			(42,727)
Equity price linked product (Y/N)						N

‧Japan Advanced Semiconductor Mfg., Inc.

						Forward
Margin Payment						-
Premium Income (Expense)						-
Existing Contracts			Outstanding Notional Amount			5,739,168
			Mark to Market of Outstanding Contracts			(60,344)
			Cumulative Unrealized Profit/Loss			(252,881)
Expired Contracts			Cumulative Notional Amount			83,894,990
			Cumulative Realized Profit/Loss			(323,092)
Equity price linked product (Y/N)						N

(2)Derivatives applying hedge accounting.

‧TSMC Global

						Future
Margin Payment						(5,872)
Premium Income (Expense)						-
Existing Contracts			Outstanding Notional Amount			272,207
			Mark to Market of Outstanding Contracts			(599)
			Cumulative Unrealized Profit/Loss			(11,880)
Expired Contracts			Cumulative Notional Amount			10,224,566
			Cumulative Realized Profit/Loss			(29,056)
Equity price linked product (Y/N)						N

FAQ

How did TSM (TSMC) perform in terms of revenue in August 2025?

In August 2025, TSMC reported consolidated net revenue of about NT$335.77 billion, an increase of 3.9% versus July 2025 and 33.8% compared with August 2024.

What are TSM (TSMC) total revenues for January to August 2025?

For January through August 2025, TSMC recorded net revenue of NT$2,431.98 billion, up 37.1% from NT$1,773.97 billion in the same period of 2024.

Did TSM (TSMC) report any intercompany loans in August 2025?

Yes. TSMC China had an outstanding lending balance of NT$14,586,680 thousand to TSMC Nanjing, and TSMC Development had NT$1,835,100 thousand lent to TSMC Washington, both wholly owned subsidiaries.

What guarantees did TSM (TSMC) provide to its subsidiaries as of August 2025?

TSMC provided guarantees to wholly owned subsidiaries including TSMC North America, TSMC Global, and TSMC Arizona, with individual guarantee limits such as NT$1,832,429,590 thousand, NT$229,387,500 thousand, and NT$458,596,921 thousand, respectively.

What derivative positions did TSM (TSMC) disclose for August 2025?

TSMC and subsidiaries reported mainly forward and futures contracts. For example, TSMC’s forwards had an outstanding notional amount of NT$204,874,735 thousand, with a negative mark-to-market and modest cumulative realized and unrealized profit or loss.

Are TSM (TSMC) derivatives linked to equity prices?

The disclosed forward and futures contracts for TSMC, TSMC China, TSMC Nanjing, Japan Advanced Semiconductor Mfg., Inc., and TSMC Global are all indicated as not equity price linked products.