(Expressed in Millions of New Taiwan Dollars (NTD) and U.S. Dollars (USD) (1)
Except for Per Share Amounts and Shares Outstanding)
For the Six Months Ended
June 30 2008
USD NTD %
Net Sales $5,663 $175,617 100.0
Cost of Sales (3,133) (97,156) (55.3)
Gross Profit 2,530 78,461 44.7
Operating Expenses
Research and Development Expenses (344) (10,674) (6.1)
General and Administrative Expenses (188) (5,833) (3.3)
Sales and Marketing Expenses (80) (2,458) (1.4)
Total Operating Expenses (612) (18,965) (10.8)
Income from Operations 1,918 59,496 33.9
Non-Operating Income, Net 116 3,596 2.0
Investment Gains 28 857 0.5
Income before Income Tax 2,062 63,949 36.4
Income Tax (Expenses) Benefits (220) (6,839) (3.9)
Net Income 1,842 57,110 32.5
Minority Interest (7) (196) (0.1)
Net Income Attributable to
Shareholders of the Parent 1,835 56,914 32.4
Earnings per Share -- Diluted $0.07 $2.22 --
Earnings per ADR -- Diluted (2) $0.36 $11.08 --
Weighted Average Outstanding Shares
-- Diluted ('M) -- 25,676 --
Note: (1) Amounts in New Taiwan dollars have been translated into U.S.
dollars at the weighted average rate of NTD 31.012 for the six
months ended June 30, 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
(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 Six Months Ended June 30
2007 YoY
NTD % Amount %
Net Sales $139,815 100.0 $35,802 25.6
Cost of Sales (83,025) (59.4) (14,131) 17.0
Gross Profit 56,790 40.6 21,671 38.2
Operating Expenses
Research and Development Expenses (8,243) (5.9) (2,431) 29.5
General and Administrative Expenses (4,053) (2.9) (1,780) 43.9
Sales and Marketing Expenses (1,883) (1.3) (575) 30.5
Total Operating Expenses (14,179) (10.1) (4,786) 33.7
Income from Operations 42,611 30.5 16,885 39.6
Non-Operating Income, Net 4,632 3.3 (1,036) (22.4)
Investment Gains 849 0.6 8 0.9
Income before Income Tax 48,092 34.4 15,857 33.0
Income Tax (Expenses) Benefits (3,501) (2.5) (3,338) 95.3
Net Income 44,591 31.9 12,519 28.1
Minority Interest (268) (0.2) 72 (26.9)
Net Income Attributable to
Shareholders of the Parent 44,323 31.7 12,591 28.4
Earnings per Share -- Diluted $1.68 -- $0.54 32.1
Earnings per ADR -- Diluted (2) $8.39 -- $2.69 32.1
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 NTD 31.012 for the six
months ended June 30, 2008.
(2) 1 ADR equals 5 ordinary shares.
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED AND SUBSIDIARIES
Consolidated Condensed Statements of Cash Flows
For the Six Months Ended June 30, 2008 and for the Three Months Ended
June 30, 2008, March 31, 2008, and June 30, 2007 
