ANALOG DEVICES RECOGNIZES TSMC FOR OVERALL EXCELLENCE IN SEMICONDUCTOR MANUFACTURING

San Jose, CA, March 21, 2001 -- For the third year in a row, Analog Devices, Inc. (NYSE:ADI) has awarded TSMC its ADI Supplier Award for overall excellence in semiconductor production. The ADI Supplier Award is based on an exacting supplier rating program that includes criteria such as on-time delivery, cycle time, yield, quality, and responsiveness. A specially designed crystal trophy was presented to TSMC in recognition of this significant accomplishment.

“TSMC is the lead foundry service for Analog Devices Inc., producing literally millions of devices for the company annually,” said Dr. Ed Ross, president of TSMC North America. “Together, the two companies have pushed the process envelope and expanded the market for foundry-based semiconductor technology. We value this award as recognition of a truly significant partnership.”

“Analog Devices has chosen to once again recognize TSMC because it represents exactly what we want in a supplier,” said Geoff Thomas, vice president and general manager of manufacturing for Analog Devices’ Silicon Valley site, and chairman of Analog Devices’ Purchasing Council. “In order to retain leadership in our industry, ADI needs to partner with companies who share our drive for the highest degree of quality and growth support. By partnering with high quality organizations such as TSMC, ADI can maintain its commitment to excellence and can deliver to our customers the highest quality.”

About Analog Devices Inc.

With revenues of $2.58 billion for fiscal 2000, Analog Devices is a leading manufacturer of precision high-performance integrated circuits used in analog and digital signal processing applications. Headquartered in Norwood, Massachusetts, the company employs approximately 9,100 people worldwide and has manufacturing facilities in Massachusetts, California, North Carolina, Ireland, the United Kingdom, the Philippines and Taiwan. Analog Devices’ stock is listed on the New York Stock Exchange and the company is included in the S&P 500 Index.

About TSMC

TSMC is the world's largest dedicated semiconductor foundry, providing the industry’s leading process technology, library and IP options and other leading-edge foundry services. TSMC operates two six-inch wafer fabs and six eight-inch wafer fabs. The Company also has substantial capacity commitments at two joint ventures fabs (Vanguard and SSMC) and WaferTech. In 2000, TSMC produced the foundry industry's first 300mm customer wafers and began constructing two dedicated 300mm fabs. TSMC's corporate headquarters are in Hsin-Chu, Taiwan. More information about TSMC is available through the World Wide Web at http://www.tsmc.com.