Taiwan Semiconductor Manufacturing Company Ltd. (TSMC), the world's leading semiconductor foundry, reported a series of financial and operational events for the month of August 2024. The company filed a Form 6-K with the United States Securities and Exchange Commission, detailing its consolidated financial statements for the first half of the year, which ended on June 30, 2024. The report, reviewed by independent auditors Deloitte & Touche, indicated that TSMC's consolidated financial position and cash flows were presented fairly in all material respects. The financial statements were prepared in accordance with International Financial Reporting Standards as adopted by the Republic of China. TSMC's significant financial activities included the acquisition of real estate for manufacturing purposes, investments in subsidiaries and associates, and transactions...Show More

Taiwan Semiconductor Manufacturing Company Ltd. (TSMC), the world's leading semiconductor foundry, reported a series of financial and operational events for the month of August 2024. The company filed a Form 6-K with the United States Securities and Exchange Commission, detailing its consolidated financial statements for the first half of the year, which ended on June 30, 2024. The report, reviewed by independent auditors Deloitte & Touche, indicated that TSMC's consolidated financial position and cash flows were presented fairly in all material respects. The financial statements were prepared in accordance with International Financial Reporting Standards as adopted by the Republic of China. TSMC's significant financial activities included the acquisition of real estate for manufacturing purposes, investments in subsidiaries and associates, and transactions with related parties. The company also managed its exposure to various financial risks, including foreign currency, interest rate, and credit risks, through hedging and other risk management strategies. TSMC's major shareholders were disclosed, with ADR-Taiwan Semiconductor Manufacturing Company Ltd. holding a 20.49% ownership stake and the National Development Fund, Executive Yuan, holding 6.38%. The company's intercompany relationships and transactions were also detailed, with significant sales to subsidiaries such as TSMC North America and TSMC Arizona.