2009 Business Overview - TSMC

Honors and AwardsTSMC continued to garner recognition and awards from around the world as a corporate role model. TSMC’s disclosure andtransparency and its focus on shareholder value have won top honors from AsiaMoney, The Asset Magazine, CorporateGovernance Asia, FinanceAsia, GlobalView Magazine, and the IR Magazine in the areas of Corporate Governance,Management, Investor Relations, and Corporate Social Responsibilities. Both the Wall Street Journal and CommonWealthMagazine voted TSMC as Taiwan’s Overall Most Admired Company. As a leader in good corporate citizenship, TSMC isincluded in the Dow Jones Sustainability Index.OutlookImprovement in the global macroeconomic environment is likely to continue into 2011. With the fast growing emergingeconomies consuming an increasing amount of semiconductors, we expect the industry to grow at a rate in the teens andthe foundry segment to outpace the overall semiconductor industry at a growth rate exceeding 20 percent in 2010. TSMChas aggressive plans to gain market share in this upturn by further strengthening our technology leadership and byproviding sufficient capacity to meet the strong demand from our customers. Management believes TSMC can surpass boththe Company’s 2008 revenue record and its 2006 net income record, after adjusting for employee profit sharing, in 2010.Morris ChangChairman and Chief Executive Officer05