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

Taiwan Semiconductor Manufacturing Company Ltd.

(Translation of Registrant’s Name Into English)

No. 8, Li-Hsin Rd. 6,
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 þ				Form 40-F o

     (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 o				No þ

(If “Yes” is marked, indicated below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82:                     .)

 

 

TSMC Reports Second Quarter EPS of NT$0.96

Hsin-Chu, Taiwan, R.O.C., July 26, 2007 — TSMC today announced consolidated revenue of NT$74.92 billion, net income of NT$25.48 billion, and diluted earnings per share of NT$0.96 (US$0.15 per ADS unit) for the second quarter ended June 30, 2007.

Year-over-year, second quarter revenue decreased 8.8% while net income and diluted EPS both decreased 25.1%. On a sequential basis, second quarter results represent a 15.4% increase in revenue, and an increase of 35.3% both in net income and in diluted EPS. All figures were prepared in accordance with R.O.C. GAAP on a consolidated basis.

Second quarter results were in-line with the guidance given on April 26. Advanced process technologies (0.13-micron and below) accounted for 53% of wafer revenues with 90-nanometer process technology accounting for 26% and 65-nanometer reaching 3% of total wafer sales. Gross margin was 43%, operating margin was 33%, and net margin increased 5 percentage points to 34% from the previous quarter.

“The recovery of our business, which started in March, has continued through the second quarter, and the momentum is expected to last through the third quarter,” said Lora Ho, VP and Chief Financial Officer of TSMC. “Relative to the second quarter, the computer segment shows the strongest growth while the communication and consumer segments’ growth will also continue, albeit at a lower pace,” said Ho. “Based on our current business outlook, management’s expectations for third quarter 2007 performance are as follows”:

	•	Revenue is expected to be between NT$85 billion and NT$87 billion;
	•	Gross profit margin is expected to be between 43% and 45%;
	•	Operating profit margin is expected to be between 33% and 35%.

#          #          #

TSMC’s 2007 second quarter consolidated results :

(Unit: NT$ million, except for EPS)

		2Q07				2Q06				YoY				1Q07				QoQ
		Amount*				Amount				Inc. (Dec.) %				Amount				Inc. (Dec.) %
Net sales			74,918				82,118				(8.8	)			64,897				15.4
Gross profit			32,180				42,498				(24.3	)			24,610				30.8
Income from operations			24,734				35,323				(30.0	)			17,877				38.4
Income before tax			28,024				36,272				(22.7	)			20,068				39.6
Net income			25,484				34,002				(25.1	)			18,839				35.3
EPS(NT$)			0.96	**			1.29	***			(25.1	)			0.71	****			35.3

TSMC Spokesperson:		TSMC Acting Spokesperson:		For Further Information:
Ms. Lora Ho		Mr. J.H. Tzeng		Mr. Richard C.Y. Chung
Vice President and CFO		Deputy Director, PR Department, TSMC		Media Relations Manager, TSMC
Tel: 886-3-566-4602		Tel: 886-3-505-5028		Tel: 886-3-505-5038
		Mobile: 0928-882607		Mobile: 886-911-258751
		Fax: 886-3-567-0121		Fax: 886-3-567-0121
		E-Mail: jhtzeng@tsmc.com		E-Mail: cychung@tsmc.com

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.