TSMC Appoints Mr. Hisao Baba as President of TSMC Japan

HSIN-CHU, Taiwan, June 25, 2002 – Taiwan Semiconductor Manufacturing Company (TSMC) (TAIEX: 2330, NYSE: TSM) today announced the appointment of Hisao Baba as President of TSMC Japan. Hisao Baba will be responsible for all of TSMC’s Japan activities, reporting to Sachiaki Nagae, Chairman of TSMC Japan. This appointment will become effective July 1, 2002.

"We are delighted to have Hisao Baba on our team," said Dr. Rick Tsai, TSMC President and Chief Operating Officer. “With Hisao Baba’s more than 20 years in the semiconductor markets in Japan and the U.S.A., TSMC Japan will be able to further strengthen the partnerships with existing Japanese customers and attract new business opportunities under his leadership.”

Prior to joining TSMC, Hisao Baba has been with OKI Electric Industry Company since 1975. His last position was Vice President of Silicon Solution’s Company, Oki Electric Industry Company in Japan since 2000, responsible for marketing and sales of Oki’s domestic and international semiconductor business. In this position, he managed 6 subsidiary companies, including one in Japan and five overseas, working closely with both OEM and foundry customers. Before that, Hisao Baba held various senior management positions in OKI Electric Industry companies, including CEO and President of Oki Semiconductor, U.S.A.; General Manager of Oki Electric Industry Company in Japan and Vice President of Oki Semiconductor, U.S.A.

Hisao Baba received his B.Sc. degree in Electronics Engineering from Meisei University in Japan in 1972.