TSMC Appoints New President of TSMC Europe

HSIN-CHU, Taiwan, March 18, 2002 – Taiwan Semiconductor Manufacturing Company (TSMC) (TAIEX: 2330, NYSE: TSM) today announced the appointment of Kees den Otter as President of TSMC Europe. Den Otter will be responsible for all of TSMC’s European activities, reporting to Dr. Kenneth Kin, Senior Vice President of Worldwide Marketing and Sales. This appointment will become effective April 1, 2002. Hans Rohrer, former President of TSMC Europe, resigned earlier.

“With Kees’ broad experiences in the semiconductor industry of the European market, TSMC Europe will be able to further strengthen the partnerships with the existing customers and attract new business opportunities. We are excited to have Kees on our team” said Dr. Rick Tsai, TSMC President and Chief Operating Officer.

Prior to joining TSMC, Kees den Otter was with Philips Semiconductors since July 1997 as Vice President of Software Programs & Partnerships. He was responsible for the introduction and realization of business models, programs and partnerships specific to software embedded in or delivered with System on Silicon / SoC (system-on-a-chip) offerings.