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TSMC Shareholders Approve Cash Dividend & Transfer

HSINCHU, TAIWAN, R.O.C. — TSMC (NYSE: TSM) today held a shareholders’ meeting, which passed the following major resolutions:

    1. Approved the 2010 Business Report and Financial Statements. Consolidated revenue for 2010 totaled NT$419.54 billion and net income was NT$161.61 billion, with earnings per share of NT$6.23.
    2. Approved the distribution of a NT$3.0 cash dividend per common share.
    3. Approved the transfer of TSMC's solar business and solid state lighting business into two new TSMC wholly-owned companies respectively.
    4. Elected Ms. Kok-Choo Chen and Mr. Gregory C. Chow to the Board of Directors as additional Independent Directors.

{complink 5388|Taiwan Semiconductor Manufacturing Co. (TSMC)}

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