TSMC Reports Fourth Quarter EPS of NT$0.48

(Expressed in Millions of New Taiwan Dollars (NTD) and U.S. Dollars (USD) (1)

             Except for Per Share Amounts and Shares Outstanding)

                                           For the Year Ended December 31
                                                        2008
                                             USD          NTD         %
    Net Sales                              $10,608     $333,158     100.0
    Cost of Sales                           (6,095)    (191,408)    (57.5)
     Gross Profit                            4,513      141,750      42.5
    Operating Expenses
     Research and Development Expenses        (684)     (21,481)     (6.4)
     General and Administrative Expenses      (353)     (11,097)     (3.3)
     Sales and Marketing Expenses             (151)      (4,737)     (1.4)
    Total Operating Expenses                (1,188)     (37,315)    (11.1)

       Income from Operations                3,325      104,435      31.4

    Non-Operating Income, Net                  202        6,335       1.9
    Investment Gains                            22          702       0.2
    Income before Income Tax                 3,549      111,472      33.5

    Income Tax Expenses                       (348)     (10,949)     (3.3)

       Net Income                            3,201      100,523      30.2

    Minority Interest                          (19)        (590)     (0.2)

    Net Income Attributable to
     Shareholders of
     the Parent                              3,182       99,933      30.0



    Earnings per Share -- Diluted            $0.12        $3.83        --
    Earnings per ADR -- Diluted (2)          $0.61       $19.14        --

    Weighted Average Outstanding Shares
     -- Diluted ('M) (3)                        --       26,107        --




     TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED AND SUBSIDIARIES
               Audited Consolidated Condensed Income Statements
                For the Year Ended December 31, 2008 and 2007

(Expressed in Millions of New Taiwan Dollars (NTD) and U.S. Dollars (USD) (1)

       Except for Per Share Amounts and Shares Outstanding) (Continued)

                                            For the Year Ended December 31
                                                2007               YoY
                                             NTD       %      Amount     %
    Net Sales                             $322,630   100.0   $10,528     3.3
    Cost of Sales                         (180,280)  (55.9)  (11,128)    6.2
     Gross Profit                          142,350    44.1      (600)   (0.4)
    Operating Expenses
     Research and Development Expenses     (17,946)   (5.5)   (3,535)   19.7
     General and Administrative Expenses    (8,964)   (2.8)   (2,133)   23.8
     Sales and Marketing Expenses           (3,718)   (1.2)   (1,019)   27.4
    Total Operating Expenses               (30,628)   (9.5)   (6,687)   21.8

       Income from Operations              111,722    34.6    (7,287)   (6.5)

    Non-Operating Income, Net                7,412     2.3       (1,077)    (14.5)
        Investment  Gains                                                  2,508          0.8        (1,806)    (72.0)
        Income  before  Income  Tax                              121,642        37.7      (10,170)      (8.4)

        Income  Tax  Expenses                                        (11,710)      (3.6)            761        (6.5)

              Net  Income                                                    109,932        34.1        (9,409)      (8.6)

        Minority  Interest                                                  (755)      (0.3)            165      (21.9)

        Net  Income  Attributable  to
          Shareholders  of
            the  Parent                                                      109,177        33.8        (9,244)      (8.5)



        Earnings  per  Share  --  Diluted                        $4.06            --        ($0.23)      (5.7)
        Earnings  per  ADR  --  Diluted  (2)                  $20.30            --        ($1.16)      (5.7)

        Weighted  Average  Outstanding  Shares
          --  Diluted  ('M)  (3)                                        26,892            --                --            --


        Note:
        (1)  Amounts  in  New  Taiwan  dollars  have  been  translated  into  U.S.  dollars
                at  the  weighted  average  rate  of  NTD  31.406  for  the  year  ended  December
                31,  2008.
        (2)  1  ADR  equals  5  ordinary  shares.
        (3)  Total  diluted  weighted  average  outstanding  shares  were    26,892M
                shares  for  the  year  ended  December  31,  2007  after  the  retroactive
                adjustments  for  stock  dividends  and  stock  bonus.



              TAIWAN  SEMICONDUCTOR  MANUFACTURING  COMPANY  LIMITED  AND  SUBSIDIARIES
                                  Consolidated  Condensed  Statements  of  Cash  Flows
              For  the  Year  Ended  December  31,  2008  and  for  the  Three  Months  Ended
                      December  31,  2008,  September  30,  2008,  and  December  31,  2007 


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