TSMC Board of Directors Resolutions (Corrected on May 12, 2010)

Hsinchu, Taiwan, R.O.C. – May 11, 2010 - TSMC (NYSE: TSM) today held a meeting of the Board of Directors, which passed the following resolutions:

1. Approved capital appropriations of US$1,051.6 million to expand advanced process capacity at Fab 12 and Fab 14.

2. Approved capital appropriations of US$321 million to expand and upgrade eight-inch wafer fab capacity.

3. Approved capital appropriations of US$210 million to build Fab 15 in the Central Taiwan Science Park.

4. Approved the full conversion of TSMC’s common shares into paperless form, and set July 13, 2010 as the conversion date.