Hsinchu, Taiwan, March 7, 2002– Taiwan Semiconductor Manufacturing Company Ltd. (“ TSMC” or “ the Company” ) (TAIEX: 2330, NYSE: TSM), today announced that net sales for February 2002 totaled NT$11,468 million; revenues from January to February, 2002 were NT$23,513 million.
Mr. Harvey Chang, TSMC spokesperson and senior vice president, stated that due to the Chinese Lunar Year holidays and in the fact that February is already a short month, unit sales in February, 2002 were less than those of January. Net sales for February 2002 therefore decreased by a slight 4.8% compared to January, 2002. Nevertheless, when compared to the fourth quarter of 2001, revenues of the first quarter of 2002 are still expected to follow an improving trend, said Mr. Chang. A five to ten percent growth rate for the first quarter of 2002 is expected.