TSMC Board of Directors Approves First-Half Financial Statements

TSMC held a meeting of the Board of Directors today, at which the Board approved financial statements for the first half of 2006. Consolidated revenue for the first six months of 2006 totaled NT$159,968 million, while consolidated net income was NT$66,609 million.

TSMC Spokesperson and Vice President Ms. Lora Ho said other major conclusions of the Board meeting were as follows:

1. The Board approved capital appropriations totaling US$190.1 million for expansion of eight-inch capacity in 0.11 micron 3D One Time Program process, eight-inch capacity for 0.18 micron and 0.15 micron processes, as well as six-inch and eight-inch epitaxy process capacity.

2. The Board approved an increase of investment not exceeding US$27 million in VisEra Technologies to participate in a secondary offer by VisEra in proportion with TSMC’s stake in the company.

3. To facilitate Global Unichip Corporation’s (GUC) initial public offering on the Taiwan Stock Exchange, the Board approved appropriation of 989,000 GUC shares owned by TSMC for participation in the over-allotment sale during the underwriting period for the purpose of stabilizing the price of GUC stock.