TSMC Board of Directors Resolutions

Hsinchu, Taiwan, R.O.C. – April 27, 2011 – The TSMC (NYSE: TSM) Board of Directors held a special meeting today and adopted a proposal nominating Mr. Gregory C. Chow and Ms. Kok-Choo Chen as candidates to stand for election as two additional independent directors at TSMC's 2011 regular Shareholders' Meeting. In addition, the Board also approved the transfer of TSMC’s solar and solid state lighting businesses into two wholly-owned subsidiaries to be established.

TSMC’s Spokesperson and Senior Vice President, Ms. Lora Ho, said that at its special meeting today the Board of Directors:

1. Approved the nomination of Mr. Gregory C. Chow and Ms. Kok-Choo Chen as candidates to stand for election as two additional independent directors at TSMC's 2011 regular Shareholders' Meeting on June 9, 2011.

2. Approved a proposal to transfer TSMC solar business and solid state lighting business into two newly-established, wholly-owned subsidiaries. TSMC will transfer its solar business at value not exceeding NT$12.5 billion to serve as initial paid-in capital for TSMC Solar Ltd., and transfer its solid state lighting business at a value not exceeding NT$2.8 billion to serve as initial paid-in capital for TSMC Solid State Lighting Ltd. The establishment of these two subsidiaries is aimed at motivating entrepreneurship and facilitating business specialization to strengthen overall competitiveness and operational efficiency. This proposal will be submitted to shareholders for approval at the regular Shareholders' Meeting on June 9, 2011, in accordance with Taiwan law.

TSMC Spokesperson

Lora Ho
Senior Vice President & Chief Financial Officer & Spokesperson
Tel: 886-3-5054602

Acting Spokesperson/Media Contacts

Elizabeth Sun
Senior Director, TSMC Corporate Communications Division
Tel: 886-3-5682085