Capital Expenditures:
Capital expenditures for TSMC on a consolidated basis totaled US$166 million in 1Q09.
For year 2009, total capital expenditures for TSMC is expected to be around US$1.5 billion, compared with US$1.9 billion spent in 2008.
V-2 . Capacity
4Q08 1Q09 2Q09 3Q09 4Q09 2009
Fab / (Wafer size) (A) (A) (F) (F) (F) (F)
Fab-2 (6") Note 1 272 274 280 283 283 1,121
Fab-3 (8") 274 286 289 292 283 1,150
Fab-5 (8") 161 162 149 144 144 599
Fab-6 (8") 282 295 284 287 287 1,154
Fab-8 (8") 272 275 271 265 255 1,066
Fab-12 (12") Note 2 221 218 219 218 254 909
Fab-14 (12") Note 2 236 238 236 228 227 928
WaferTech (8") 106 106 107 109 109 431
TSMC China (8") 128 128 134 135 135 531
TSMC total capacity
(8" equiv. Kpcs) 2,405 2,431 2,414 2,394 2,455 9,695
SSMC (8") 73 64 65 65 65 259
Total managed capacity
(8" equiv. Kpcs) 2,478 2,495 2,479 2,460 2,520 9,954
Note: 1. Figures represent number of 6" wafers. Conversion to 8"-
Equivalent wafers is obtained by dividing this number by 1.78
2. Figures represent number of 12" wafers. Conversion to 8"-
equivalent wafers is obtained by multiplying this number by 2.25
Capacity:
Total managed capacity was 2,495K 8-inch equivalent wafers in the first quarter, increased by 0.7% from 2,478K in 4Q08.
Total managed capacity in 2009 is expected to reach 9,954K 8-inch equivalent wafers, representing an increase of 6% from 9,377K 8-inch equivalent wafers in 2008, while capacity for 12-inch wafer fabs is expected to increase by 11%, reaching 41.5% of total capacity.
VI. Recap of Recent Important Events & Announcements
-- TSMC Qualifies New 0.18-Micron Embedded Flash Family (2009/03/31)
-- Ciranova and TSMC Announce Strategic Partnership on Advanced PDK
Technology ( 2009/03/24)
-- Barron's Names Dr. Rick Tsai to its Most Respected CEO List
(2009/03/23)
-- Intel, TSMC Reach Agreement to Collaborate on Technology Platform,
IP Infrastructure, SoC Solutions (2009/03/02)
-- TSMC and Tela Innovations Announce Strategic Partnership to Enhance
Design and Process Co-Optimization (2009/02/24)
-- TSMC Board Proposes Dividend of NT$3.0 Cash and 0.5% Stock Per
Share (2009/02/10)
* Please visit TSMC's Web site (
www.tsmc.com ) for details about
these and other announcements.
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED AND SUBSIDIARIES
Consolidated Condensed Balance Sheets
(Expressed in Millions of New Taiwan Dollars (NTD) and U.S. Dollars (USD))(1)
March 31, 2009 December 31, 2008
(unaudited) (audited)
ASSETS USD NTD % NTD %
Current Assets
Cash and Cash Equivalents $6,583 $223,262 40.4 $194,614 34.8
Investments in Marketable
Financial Instruments 192 6,527 1.2 16,836 3.0
Accounts Receivable -
Trade, Net 408 13,822 2.5 18,497 3.3
Inventories, Net 436 14,775 2.7 14,877 2.7
Other Current Assets 299 10,171 1.8 7,795 1.4
Total Current Assets 7,918 268,557 48.6 252,619 45.2
Long-Term Investments 1,052 35,682 6.5 39,982 7.2
Property, Plant and Equipment 25,568 867,199 156.9 862,461 154.3
Less: Accumulated
Depreciation (18,873) (640,121) (115.8) (618,816) (110.7)
Property, Plant and
Equipment, Net 6,695 227,078 41.1 243,645 43.6
Other Assets 633 21,458 3.8 22,671 4.0
Total Assets $16,298 $552,775 100.0 $558,917 100.0
LIABILITIES AND SHAREHOLDERS'
EQUITY
Current Liabilities
Accounts Payable $172 $5,824 1.1 $6,043 1.1
Payables to Contractors and
Equipment Suppliers 152 5,145 0.9 7,999 1.4
Accrued Expenses and Other
Current Liabilities 1,006 34,120 6.1 34,543 6.2
Current Portion of Bonds
Payable and Long-Term
Liabilities 8 286 0.1 8,222 1.5
Total Current Liabilities 1,338 45,375 8.2 56,807 10.2
Bonds Payable 133 4,500 0.8 4,500 0.8
Other Long-Term Liabilities 518 17,587 3.2 17,237 3.1
Total Liabilities 1,989 67,462 12.2 78,544 14.1
Shareholders' Equity
Attributable to Shareholders
of the Parent
Capital Stock at Par Value 7,556 256,260 46.4 256,254 45.8
Capital Surplus 1,473 49,965 9.0 49,875 8.9
Legal Capital Reserve (2) 1,985 67,324 12.2 67,324 12.0
Special Capital Reserve (2) 12 392 0.1 392 0.1
Unappropriated Earnings (2) 3,063 103,896 18.8 102,338 18.3
Treasury Stock -- -- -- -- --
Others 109 3,710 0.6 194 0.1
Total Equity
Attributable to
Shareholders of the
Parent 14,198 481,547 87.1 476,377 85.2
Minority Interests 111 3,766 0.7 3,996 0.7
Total Shareholders'
Equity 14,309 485,313 87.8 480,373 85.9
Total Liabilities &
Shareholders' Equity $16,298 $552,775 100.0 $558,917 100.0
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED AND SUBSIDIARIES
Consolidated Condensed Balance Sheets 
