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July 15, 1998

TAIWAN SEMI OPENS FOR BUSINESS IN JAPAN

By CBR Staff Writer

In the midst of the Asian economic crisis and continuing falling chip prices, Taiwan Semiconductor Manufacturing Co Ltd has established a wholly owned Japanese subsidiary. Until now, TSMC has been supplying the Japanese market from its headquarters in Taiwan and a branch office in Japan. Now, thanks to orders from the likes of Fujitsu Ltd, the company generates 11% of its sales from Japan, and believes it is necessary to establish TSMC Japan KK to cater for an anticipated sales increase. TSMC estimates Japanese sales will increase by around 30% annually until the country accounts for 15% of the company’s business by 2002. The Japanese subsidiary is Taiwan Semi’s third overseas corporation, adding to sites in the US and the Netherlands.

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