January 22, 1998, Hsin-chu, Taiwan -- Taiwan Semiconductor Manufacturing Company (TSMC or the "Company") (NYSE: TSM) announced today that it will sell all of its 34,991,651 shares in Caesar Technology Inc. to Macronix International Co. Ltd. at a price of NT$22.54 per share. The total value of this transaction will be approximately NT$789 million.
Mr. YC Huang, the spokesman of TSMC, noted that the Company currently holds 16.65% of Caesar Technology's shares and the average cost of each share is NT$14.44. The Company decided to sell all of its holdings in Caesar Technology. The transaction will result in an extraordinary gain of NT$283 million.
Dr. Wei comes to TSMC from Chartered Semiconductor Manufacturing Ltd., where was Senio VP of Technology, responsible for R&D, quality assurance, customer engineering and DRAM departments. Dr. Wei also served as the Board Director of Institute of Microelectronics and Institute of Material Research and Engineering in Singapore.
TSMC is the world's largest dedicated integrated circuit ("IC") foundry and offers a comprehensive set of IC fabrication processes, including processes to manufacture CMOS logic, mixed-mode, volatile and non-volatile memory and BiCMOS chips.