TSMC Bolsters Offshore Unit with Massive US$10 B Capital Boost

Rhea-AI Filing Summary

Taiwan Semiconductor Manufacturing Company (NYSE:TSM) filed a Form 6-K for June 2025 reporting an internal capital move. A written resolution of wholly-owned subsidiary TSMC Global Ltd., dated 25 June 2025, authorized the issuance of 10,000 new shares with a par value of US$1,000,000 each to the parent company. The transaction adds up to US$10 billion of additional paid-in capital at the subsidiary level, strengthening its balance sheet without introducing external investors or shareholder dilution at the TSM level.

No other material events, financial statements, risk factors, legal proceedings, or management changes are disclosed in the submission. The report was signed by Senior Vice President & CFO Wendell Huang on behalf of the registrant.

Positive

• US$10 billion capital injection into TSMC Global Ltd. enhances subsidiary funding capacity without shareholder dilution

Negative

• None.

Insights

Financial Analyst

TL;DR: US$10 bn internal capital boost, no dilution, signals funding for cap-ex.

The filing shows TSM moving US$10 billion into its offshore vehicle, TSMC Global Ltd., via a straightforward share subscription. Because the parent is the sole subscriber, there is no equity dilution for existing ADR holders. While the 6-K lacks explicit purpose, an injection of this scale typically precedes capacity expansion or overseas procurement, which aligns with TSM’s ongoing advanced-node build-outs. Liquidity remains robust and debt levels are unaffected, implying a positive but low-risk balance-sheet adjustment.

Corporate Governance Expert

TL;DR: Routine subsidiary recapitalization with clean governance footprint.

The resolution was adopted by written consent, a common practice for wholly-owned units. All shares were allotted to the parent, maintaining 100% ownership and control. The disclosure contains the required signatures and presents no related-party conflicts, regulatory issues, or board upheavals. From a governance standpoint the action is procedurally standard and reinforces transparency through timely 6-K reporting.

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 June 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:   June 25, 2025

By

/s/ Wendell Huang

Wendell Huang

Senior Vice President and Chief Financial Officer

Directors’ Resolutions of TSMC Global Ltd., a subsidiary of TSMC

TSMC Global Ltd. adopted the following Directors’ resolution by written consent without a meeting on June 25, 2025:

•Issue of shares: TSMC Global Ltd. issued 10,000 shares with par value US$1,000,000 per share to Taiwan Semiconductor Manufacturing Co., Ltd.

FAQ

How many shares did TSMC Global Ltd. issue according to the June 2025 6-K?

The filing states that 10,000 shares were issued to Taiwan Semiconductor Manufacturing Company Ltd.

What is the par value of each newly issued TSMC Global Ltd. share?

Each share carries a US$1,000,000 par value, as disclosed in the resolution.

Does the share issuance dilute existing TSM shareholders?

No. All shares were allotted to the parent company, so there is no dilution for public shareholders.

Why did TSMC file this Form 6-K on June 29 2025?

To report the subsidiary’s US$10 billion share issuance and satisfy SEC disclosure requirements for material corporate actions.