Science-Based Industrial Park, Hsinchu, Taiwan, April 25, 2000 - Taiwan Semiconductor Manufacturing Company Ltd. (TAIEX: 2330, NYSE: TSM), (“TSMC” or the “Company”) announced today its financial results for the first quarter of 2000. Net sales for the first quarter of 2000 reached NT$28,278 million, net income totaled NT$10,091 million, and earnings per share were NT$1.32 based on the current 7,670 million shares outstanding.
Mr. YC Huang, TSMC Spokesman, pointed out that due to the continued growth in the IC market, the Company's 2000 first quarter wafer shipments reached another new record high at 642,000 eight-inch equivalent wafers, representing a 95.1% growth over the same period in 1999. Meanwhile, the Company's fab utilization rate reached over 100% in the first quarter of 2000, up from around 90% in the fourth quarter of 1999. In summary, TSMC's net sales and net income for the first quarter of 2000 increased 126.2% and 146.7%, respectively, on a year-over-year comparison.
On a sequential comparison, the Company's net sales and net income for the first quarter of 2000 grew 19.4% and 21.4%, respectively, over the fouth quarter of 1999.