HSINCHU, Taiwan, June 13 /CNW/ -- Taiwan Semiconductor Manufacturing
Company, Ltd. (NYSE: TSM; TSE: 2330) today clarified the company's SEC filing
of receiving 1.8 million shares of Monolithic Power Systems (MPS),
characterizing the transaction as an investment distribution outcome and not a
corporate strategic investment decision.
"Monolithic Power Systems (MPS) was a company invested in by InveStar
Semiconductor Development Fund and InveStar Semiconductor Development Fund II
since early 1999. These two venture capital funds are invested by TSMC and
managed by InveStar Capital who makes investment decisions independently. As
is a common practice in the venture capital industry, ISDF and ISDF II have
made a distribution of their publicly listed shares back to the fund
investors, from which TSMC International received 1,850,623 shares of MPS on
May 29, 2008. These shares are classified as "financial asset at fair value
through profit or loss" in TSMC's consolidated balance sheet before their
disposal," said Lora Ho, Vice President and Chief Financial Officer, TSMC.
This transaction does not alter TSMC's business model or business
TSMC is the world's largest dedicated semiconductor foundry, providing
the industry's leading process technology and the foundry industry's largest
portfolio of process-proven libraries, IP, design tools and reference flows.
The Company's total managed capacity in 2007 exceeded eight million (8-inch
equivalent) wafers, including capacity from two advanced 12-inch Gigafabs,
four eight-inch fabs, one six-inch fab, as well as TSMC's wholly owned
subsidiaries, WaferTech and TSMC (Shanghai), and its joint venture fab, SSMC.
TSMC is the first foundry to provide 40nm production capabilities. Its
corporate headquarters are in Hsinchu, Taiwan. For more information about
TSMC please see http://www.tsmc.com.
For further information:
For further information: JH Tzeng of TSMC, jhtzeng@TSMC.com Web Site: