TSMC Reports Second Quarter EPS of NT$0.96

Second quarter net sales were NT$75 billion, a decline of 8.8% compared to net sales of NT$82 billion for the same period a year ago and an increase of 15.4% compared to net sales of NT$65 billion in the prior quarter.

Gross profit for 2Q07 was NT$32 billion, which represents a year-over-year decrease of 24.3% and a quarter-over-quarter increase of 30.8%. Second quarter gross margin was 43%, higher than the 37.9% gross margin reported in the first quarter of 2007.

Operating expenses were NT$7.4 billion or 10% of the net sales. The combined result from non-operating income and long-term investments was a gain of NT$3.3 billion.

Consolidated net income attributable to shareholders of the parent company was NT$25 billion, down 25.1% from a year ago level and up 35.3% from the previous quarter. Net profit margin was 34% for 2Q07.

    I.  Revenue Analysis



       I .  Wafer Sales Analysis

       By Application         2Q07      1Q07     2Q06
       Computer                29%       30%      30%
       Communication           44%       42%      44%
       Consumer                18%       17%      20%
       Industrial/Others        6%        7%       5%
       Memory                   3%        4%       1%

       By Technology          2Q07      1Q07     2Q06
       65nm and below           3%        1%       --
       90nm                    26%       22%      24%
       0.11/0.13um             24%       26%      25%
       0.15/0.18um             30%       30%      32%
       0.25/0.35um             12%       15%      14%
       0.50um+                  5%        6%       5%

       By Customer
       Type                   2Q07      1Q07     2Q06
       Fabless/System          68%       65%      72%
       IDM                     32%       35%      28%

       By Geography           2Q07      1Q07     2Q06
       North America           74%       77%      77%
       Asia Pacific            13%       11%      10%
       Europe                   9%        7%       9%
       Japan                    4%        5%       4%



    Revenue Analysis:

Second quarter consolidated net sales came in at the high end of our expectation to reach NT$75 billion.

Businesses from the three main applications recovered from the inventory correction. On a sequential basis, revenues from communication and consumer applications both increased by 25%, while revenues from computer applications increased by 13%.

Revenues from 65nm and 90nm accounted for 3% and 26% of total wafer sales, respectively, higher than that in the previous quarter. Revenues from advanced technologies (0.13-micron and below) accounted for 53% of total wafer sales, up four percentage points from the first quarter of 2007.

Revenues from IDM customers accounted for 32% of total wafer sales during the quarter, compared to 35% in the previous quarter.

Geographically, revenues from North America accounted for 74% of total wafer sales. Meanwhile, sales from Asia Pacific, Europe and Japan accounted for 13%, 9% and 4% of wafer sales, respectively.



    II . Capacity

    Fab / (Wafe size)        1Q07     2Q07     3Q07     4Q07     2007
                              (A)      (A)      (F)      (F)      (F)

    Fab-2 (6")(Note 1)        257      257      273      273     1,060
    Fab-3  (8")               259      262      267      269     1,057
    Fab-5  (8")               144      155      163      166       627
    Fab-6  (8")               245      255      274      279     1,053
    Fab-8  (8")               239      239      260      265     1,004
    Fab-12 (12")(Note 2)      169      180      198      221       768
    Fab-14 (12")(Note 2)      103      113      154           176              546
        WaferTech  (8")                        104            105            106            106              419
        TSMC  (Shanghai)  (8")              90              94              99            106              389
        TSMC  total  capacity
        (8"equiv.  Kpcs)                  1,836        1,913        2,113        2,237          8,099
        SSMC  (8")                                    53              55              56              61              226
        Total  managed  capacity
        (8"  equiv.  Kpcs)                1,890        1,967        2,169          2,298        8,325

        Note:  1.  Figures  represent  number  of  6"  wafers.  Conversion  to
                          8"-equivalent  wafers  is  by  dividing  this  number  by  1.78
                    2.  Figures  represent  number  of  12"  wafers.  Conversion  to
                          8"-equivalent  wafers  is  by  multiplying  this  number  by  2.25



        Capacity:

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