TSMC Appoints Dr. Dick Thurston as Vice President and General Counsel

HSIN-CHU, Taiwan, Dec. 19, 2001 – Taiwan Semiconductor Manufacturing Company (TSMC) (TAIEX: 2330, NYSE: TSM) today announced Dr. Dick Thurston as its Vice President and General Counsel, taking the position of incumbent Senior Vice President and General Counsel of TSMC, Ms. K.C. Chen, who had resigned and will leave TSMC at the end of 2001 to teach law. This appointment will become effective from January, 2002. Dr. Thurston will be responsible for legal and intellectual property management and report to TSMC Chairman Dr. Morris Chang directly.

TSMC Chairman Dr. Morris Chang stated, “We are very happy to have Dr. Thurston join TSMC’s management team. With Dr. Thurston’s global experience in commercial, technology and international law, I believe that he will make significant contribution to TSMC’s legal and intellectual property management.”

Prior to joining TSMC, Dr. Thurston was a Partner at Kelt Capital Partners, LP, Addison, Texas and the Dallas, Texas law firm Haynes and Boone for five years before then. His practice covered general corporate matters, technology-related transactions, mergers and acquisitions, joint ventures and divestitures, venture capital investments, foreign trade and investment, and the global protection of intellectual property rights. Before Dr. Thurston joined Haynes and Boone, he served as the Regional Counsel, Asia Pacific and Vice President, Corporate Staff, Assistant General Counsel for 12 years at Texas Instruments, where he spent time in both their Dallas headquarters and Tokyo. He was responsible for both the legal activities of Texas Instruments throughout the Asia Pacific region and merger and acquisition activities. The scope of his legal experiences included foreign trade and investment, technology transfer, general corporate matters, intellectual property rights issues, management of corporate entity affairs, contracts, strategic alliances, and dispute resolution for 40 different subsidiaries. Prior to his post at Texas Instruments, Dr. Thurston was an Associate at Duane, Morris & Heckscher, Philadelphia, PA., U.S.A.

Dr. Thurston graduated Cum Laude with a B.A. degree in History from Alma College, and an M.A. degree and a Ph.D. degree in East Asian Studies from University of Virginia in the U.S. He received a J.D. degree from Rutgers School of Law at Camden, New Jersey in the U.S. in 1980. Dr. Thurston also studied R.O.C. Law at Soochow University, 1975-1976, while researching his Ph.D. dissertation: Civil Law Reform in China, 1906-1930. As a bilingual professional, Dr. Thurston is fluent both in English and in Mandarin. He also teaches courses in Entrepreneurism at the Southern Methodist School of Law and the School of Management, University of Texas, both in Dallas, Texas, U.S.A.