Science-Based Industrial Park, Hsinchu, Taiwan, July 31, 2000 -- Taiwan Semiconductor Manufacturing Company Ltd. (TAIEX: 2330, NYSE: TSM), (“TSMC” or the “Company”) announced today its audited financial results for the first half of 2000. Net sales for the first half, ended June 30th, amounted to NT$64,915 million, while net income totaled NT$23,576 million. With a total of 11.1 billion weighted average outstanding shares after the mergers of TASMC and WSMC, earnings per share for the first half-year of 2000 were NT$2.12.
For the second quarter of 2000, the Company's net sales were NT$31,812 million and net income was NT$13,349 million.
According to TSMC Spokesperson Ms. KC Chen, due to the continued strong growth of the global semiconductor market, the Company’s monthly capacity utilization rate exceeded 100 percent in the second quarter of 2000. The Company's second quarter wafer shipments reached another new record high at 697,000 eight-inch equivalent wafers. In addition, due to the improved operating results of WaferTech and VIS, investment income reached NT$398 million, compared to an investment loss in the same period in 1999. In summary, TSMC's net sales and net income for the second quarter of 2000 both set new performance records, and increased 85 percent and 122 percent, respectively, over the same period a year ago.
On a sequential comparison, the Company's net sales and net income for the second quarter of 2000 grew 12.5 percent and 32.3 percent, respectively, over the first quarter of 2000.