TSMC Reports Second Quarter EPS of NT$1.12

For the Three Months Ended June 30, 2008, March 31, 2008, and June 30, 2007 (Expressed in Millions of New Taiwan Dollars (NTD) and U.S. Dollars (USD) (1)

             Except for Per Share Amounts and Shares Outstanding)

                                               Q2 2008            Q1 2008
                                        USD      NTD      %      NTD      %
    Net Sales                          $2,896  $88,137  100.0  $87,480  100.0
    Cost of Sales                      (1,574) (47,916) (54.4) (49,241) (56.3)
      Gross Profit                      1,322   40,221   45.6   38,239   43.7
    Operating Expenses
      Research and Development
       Expenses                          (178)  (5,404)  (6.1)  (5,270)  (6.0)
      General and Administrative
       Expenses                          (104)  (3,170)  (3.6)  (2,662)  (3.0)
      Sales and Marketing Expenses        (42)  (1,274)  (1.4)  (1,184)  (1.4)
    Total Operating Expenses             (324)  (9,848) (11.1)  (9,116) (10.4)

         Income from Operations           998   30,373   34.5   29,123   33.3

    Non-Operating Income, Net              57    1,725    1.9    1,872    2.1
    Investment Gains                        9      279    0.3      577    0.7
    Income before Income Tax            1,064   32,377   36.7   31,572   36.1

    Income Tax (Expenses) Benefits       (115)  (3,503)  (4.0)  (3,336)  (3.8)

         Net Income                       949   28,874   32.7   28,236   32.3

    Minority Interests                     (4)    (103)  (0.1)     (93)  (0.1)

    Net Income Attributable to
     Shareholders of the Parent           945   28,771   32.6   28,143   32.2

    Earnings per Share -- Diluted       $0.04    $1.12     --    $1.10     --
    Earnings per ADR -- Diluted (2)     $0.18    $5.61     --    $5.49     --

    Weighted Average Outstanding
     Shares -- Diluted ('M)                --   25,634     --   25,610     --


    Note: (1) Amounts in New Taiwan dollars have been translated into U.S.
              dollars at the weighted average rate of NT$30.437 for the second
              quarter of 2008.
          (2) 1 ADR equals 5 ordinary shares.



     TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED AND SUBSIDIARIES
              Unaudited Consolidated Condensed Income Statements

For the Three Months Ended June 30, 2008, March 31, 2008, and June 30, 2007 (Expressed in Millions of New Taiwan Dollars (NTD) and U.S. Dollars (USD) (1)

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

                                    Q2 2007          QoQ            YoY
                                   NTD      %   Amount    %     Amount    %
    Net Sales                    $74,918  100.0   $657    0.8  $13,219   17.6
    Cost of Sales                (42,738) (57.0) 1,325   (2.7)  (5,178)  12.1
      Gross Profit                32,180   43.0  1,982    5.2    8,041   25.0
    Operating Expenses
      Research and Development
       Expenses                   (4,301)  (5.7)  (134)   2.5   (1,103)  25.6
      General and Administrative
       Expenses                   (2,151)  (2.9)  (508)  19.1   (1,019)  47.3
      Sales and Marketing
       Expenses                     (994)  (1.4)   (90)   7.7     (280)  28.2
    Total Operating Expenses      (7,446) (10.0)  (732)   8.0   (2,402)  32.3

         Income from Operations   24,734   33.0  1,250    4.3    5,639   22.8

    Non-Operating Income, Net      2,802    3.7   (147)  (7.8)  (1,077) (38.5)
    Investment Gains                              488        0.7      (298)  (51.6)        (209)  (42.8)
        Income  before  Income  Tax            28,024      37.4        805        2.6        4,353      15.5

        Income  Tax  (Expenses)
          Benefits                                          (2,394)    (3.2)    (167)      5.0      (1,109)    46.3

                  Net  Income                              25,630      34.2        638        2.3        3,244      12.7

        Minority  Interests                            (146)    (0.2)      (10)    11.7              43    (29.3)

        Net  Income  Attributable  to
          Shareholders  of  the
          Parent                                              25,484      34.0        628        2.2        3,287      12.9



        Earnings  per  Share  --  Diluted    $0.96          --    $0.02        2.1        $0.16      16.3
        Earnings  per  ADR  --  Diluted
          (2)                                                      $4.82          --    $0.12        2.1        $0.79      16.3

        Weighted  Average  Outstanding
          Shares  --  Diluted  ('M)              26,409          --          --          --              --          --


        Note:  (1)  Amounts  in  New  Taiwan  dollars  have  been  translated  into  U.S.
                            dollars  at  the  weighted  average  rate  of  NT$30.437  for  the  second
                            quarter  of  2008.
                    (2)  1  ADR  equals  5  ordinary  shares.



          TAIWAN  SEMICONDUCTOR  MANUFACTURING  COMPANY  LIMITED  AND  SUBSIDIARIES
                              Audited  Consolidated  Condensed  Income  Statements
                              For  the  Six  Months  Ended  June  30,  2008  and  2007 


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