[6-K] Taiwan Semiconductor Manufacturing Company Ltd. Current Report (Foreign Issuer)
TSMC reported strong second-quarter and six-month results and approved major capital actions to support long-term capacity. Second-quarter consolidated revenue was NT$933.79 billion with net income of NT$398.27 billion and diluted EPS of NT$15.36. The Board approved a NT$5.0 per share cash dividend, with record date set for December 17, 2025 and dividend payment on January 8, 2026.
The Board also approved significant funding and financing measures: capital appropriations of approximately US$20,657.50 million for capacity, packaging and fab construction; issuance of unsecured domestic bonds up to NT$60 billion to finance expansion and green initiatives; and a capital injection of up to US$10 billion to TSMC Global to address foreign-exchange hedging costs. Six-month consolidated figures (TIFRS) include net sales of 1,773,045,533 (in NT$ thousands) and net income of 758,226,085 (in NT$ thousands), with basic EPS of NT$29.31.
- Strong second-quarter operating results: NT$933.79 billion revenue and NT$398.27 billion net income with diluted EPS of NT$15.36.
- Shareholder return: Approved NT$5.0 per share cash dividend with record date Dec 17, 2025 and payment Jan 8, 2026.
- Aggressive capacity investment: Approved capital appropriations of ~US$20,657.50 million for advanced capacity, packaging and fab construction.
- Strategic FX management: Approved up to US$10 billion capital injection to TSMC Global to reduce foreign-exchange hedging costs.
- Large planned spending: ~US$20.66 billion in capital appropriations represents substantial near-term cash commitments.
- Planned bond issuance: Approved issuance of unsecured domestic corporate bonds up to NT$60 billion, which will increase financing activity and liabilities.
- Significant intra-group funding: Up to US$10 billion capital injection to a subsidiary will allocate parent resources to hedging strategy.
Insights
TL;DR: Strong operating results with shareholder return and a sizable capex plan signal growth focus and near-term cash deployment.
TSMC's second-quarter operating performance—NT$933.79 billion revenue and NT$398.27 billion net income—demonstrates continued profitability at scale. The NT$5.0 per share dividend is a clear shareholder-return action. The approved ~US$20.66 billion capital appropriations indicate material investment in advanced, packaging and fab capacity that should expand future revenue potential but will require sustained cash deployment. Financing via up to NT$60 billion in unsecured bonds and a possible up to US$10 billion capital injection to a subsidiary are notable funding steps; their structure and timing will influence balance-sheet metrics.
TL;DR: Material capital and financing decisions are impactful but neutral until funding mix and cash flow timing are clarified.
The Board approved significant capital appropriations (~US$20.66 billion) alongside authorization to issue up to NT$60 billion in unsecured domestic bonds and a potential US$10 billion capital injection to a wholly owned subsidiary. These are large, explicit actions that affect liquidity and funding strategy. The decisions are strategically coherent with capacity expansion and FX hedging aims, but the net balance-sheet and interest-cost implications depend on how much is funded internally versus debt and on execution timing.
Republic of China
| SIGNATURES | |||||||||||||||||||||||
| Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. | |||||||||||||||||||||||
| Taiwan Semiconductor Manufacturing Company Limited | ||||||||||||||
| Date: August 12, 2025 | By | /s/ Wendell Huang | ||||||||||||
| Wendell Huang | ||||||||||||||
| Senior Vice President and Chief Financial Officer | ||||||||||||||
| TSMC Spokesperson: | Media Contacts: | |||||||||||||
| Wendell Huang Senior Vice President and CFO Tel: 886-3-505-5901 | Nina Kao Head of Public Relations Tel: 886-3-5636688 ext.7125036 Mobile: 886-988-239-163 E-Mail: press@tsmc.com | Baker Li Public Relations Tel: 886-3-5636688 ext.7125037 Mobile: 886-988-932-757 E-Mail: press@tsmc.com | ||||||||||||
This is to report the major financials for the six months ended June 30, 2025 approved by the TSMC Board of Directors. All figures were prepared in accordance with TIFRS on a consolidated basis. | ||||||||
(In NT$ thousands, except for EPS) | ||
Comprehensive Income Statements Items (for the six months ended June 30, 2025) | |||||
| Net sales | 1,773,045,533 | ||||
| Gross profit | 1,040,764,314 | ||||
| Income from operations | 870,504,446 | ||||
| Income before tax | 923,930,616 | ||||
| Net income | 758,226,085 | ||||
| Net income attributable to shareholders of the parent | 759,837,230 | ||||
| Basic EPS (NT$) | 29.31 | ||||
Balance Sheets Items (as of June 30, 2025) | |||||
| Total assets | 7,006,349,549 | ||||
| Total liabilities | 2,389,717,699 | ||||
| Equity attributable to shareholders of the parent | 4,581,073,975 | ||||
FAQ
What were TSMC (TSM) second-quarter revenue and net income?
How much is the cash dividend TSMC approved and when will it be paid?
What capital expenditures did TSMC approve?
Did TSMC approve any debt issuance to fund expansion?
What are TSMC's six-month consolidated results under TIFRS?
Why is TSMC injecting capital into TSMC Global?
