TSMC Monthly Sales Report - January 2002

Hsinchu, Taiwan, February 7, 2002– Taiwan Semiconductor Manufacturing Company Ltd. (“ TSMC” or “ the Company” ) (TAIEX: 2330, NYSE: TSM), today announced that net sales for January 2002 totaled NT$12,045 million, representing an increase of 2.7 percent over December 2001 sales. On a year-over-year basis, net sales declined 25.5 percent in January 2002 compared to the same period a year ago.

Mr. Harvey Chang, TSMC spokesperson and senior vice president, stated that the Company’s monthly sales has increased steadily since July of 2001. Due to an increase of wafer outputs, the Company’s January 2002 sales revenue continues to grow, registering a 2.7 percent increase over December 2001.