Science-Based Industrial Park, Hsinchu, Taiwan, August 8, 2000 -- Taiwan Semiconductor Manufacturing Company Ltd. (“ TSMC” or “ the Company”) (TAIEX: 2330, NYSE: TSM) today held a meeting of the Board of Directors, at which the directors approved capital expenditures in the amount of NT$48,853 million. These funds will be used to expand the capacity and upgrade the technology of the Company's current 8-inch fabs, and to proceed with construction of Fab 12 (12-inch fab). According to TSMC, the Company will continue its investment in order to provide customers with the best dedicated foundry services and with the industry’s leading capacities and technologies.
Ms. KC Chen, TSMC spokesperson, outlined several important decisions made by the Board of Directors as follows:
The Board of Directors approved the semi-annual financial statements for the first half of 2000 prepared by the auditors. Net sales for the first half of 2000 were NT$64,915 million; net income was NT$23,576 million, and earnings per share were NT$2.12. The Board of Directors approved capital expenditures totalling NT$48,853 million to expand the capacity and upgrade the technology for Fab 6, Fab 7A, and Fab 8A and to proceed with the construction of the Company’s first dedicated12-inch fab - Fab 12- in the Hsinchu Science-Based Industrial Park. As a result, Fab 6's monthly capacity is expected to increase to 50,000 8-inch wafers from 40,000 8-inch wafers with technology upgrade from 0.15-micron to 0.13-micron. In addition, TSMC is expected to proceed with construction and installation of process equipment in Fab 12, to enable ramp-up of initial monthly capacity to 10,000 12-inch wafers. The Boards of Directors approved the appointment of Dr. Genda Hu as Vice President of Advanced Technology Development of TSMC.