TSMC Appoints Sheldon Wu to Liaison Office in Mainland ChinaTSMC Executive to Explore Business Arrangements in Mainland China

Hsinchu, Taiwan, Oct. 5, 2001– Taiwan Semiconductor Manufacturing Company (TSMC) today announced its appointment of Sheldon Wu, vice president of business management for TSMC North America, to the new position of Chief Representative of TSMC Shanghai Liaison Office. Reporting directly to TSMC deputy chief executive officer Dr. FC Tseng, Dr. Wu will be responsible for exploring business relationships with potential vendors and suppliers to the foundry industry in Mainland China.

“In his nine years of service to TSMC North America, Sheldon’s contributions to TSMC have been many,” said Dr. FC Tseng. “We are confident in his ability to explore and accurately report on the emerging opportunities in Mainland China.”

TSMC believes that the conditions required to develop 300mm foundry operations in Mainland China are not yet mature. However, the company believes that Mainland China has been progressing rapidly and the conditions necessary for such development could be in place within three to five years. As such, TSMC recently announced the formation of a Shanghai Liaison Office, with the purpose of studying the overall arrangement of business conditions in Mainland China.

TSMC will make no decisions with respect to investment in Mainland China in the near term, as such investment is still a violation of Taiwan government regulations. At the operational level, should these restrictions be lifted, TSMC’s headquarters – rather than its Shanghai Liaison Office – will be responsible for final approval of vendor and supplier relationships. The Shanghai Liason Office therefore plays a strictly exploratory role.

About Sheldon Wu

As vice president of business management for TSMC North America, Dr. Wu has successfully developed and managed several key partnerships with major fabless and IDM customers. Before that, he was senior director of field technical support, responsible for providing technical infrastructure and capabilities to TSMC's North American customers, including design services, design methodology, silicon processes, assembly, and test. Dr. Wu joined TSMC North America in 1992 as an account manager. Before joining TSMC, Dr. Wu worked for Intel Corporation on the development of logic and memory technologies, contributing his expertise in the areas of device and process modeling, device physics, and customer support. Dr. Wu holds a Ph.D. in Electrical Engineering from UCLA and a B.S.E.E. from National Taiwan University.

About TSMC

TSMC is the world's largest dedicated semiconductor foundry, providing the industry's leading process technology and the foundry industry's largest portfolio of process-proven library, IP, design tools and reference flows. The company operates two advanced 300mm wafer fabs, seven eight-inch fabs and two six-inch wafer fabs. TSMC also has substantial capacity commitments at two joint ventures fabs (Vanguard and SSMC) and at its wholly-owned subsidiary, WaferTech. In early 2001, TSMC became the first IC manufacturer to announce a 0.10-micron technology alignment program with its customers. TSMC's corporate headquarters are in Hsin-Chu, Taiwan. For more information about TSMC please go to http://www.tsmc.com.