TSMC Board Approves Cancellation of Treasury Shares

Hsin-Chu, Taiwan, R.O.C., November 11, 2008 – TSMC’s Board of Directors today approved a plan to cancel 278,875,000 treasury shares repurchased from the open market between August 13 and October 12, 2008. In addition, the Board of Directors set November 19, 2008 as the record date for the capital reduction. The shares to be cancelled make up some 1.07 percent of total issued shares, and the cancellation will reduce TSMC’s registered capital stock by NT$2,788.75 million to approximately NT$256,253 million.

The Board of Directors also approved the promotion of Mr. Rick Cassidy to Vice President of TSMC. Mr. Cassidy is currently the President of TSMC North America, and will continue to serve in that position.