ASMC Revenue Hits Record High in Q3

Shanghai, 10 November 2006 – Advanced Semiconductor Manufacturing Corporation Limited ( “ASMC” or “the Company”, SEHK stock code: 3355), a leading foundry focusing primarily on the manufacturing of analog semiconductors and higher bipolar content-based mixed-signal semiconductors, is pleased to announce its unaudited operating results for the three months ended 30 September 2006.

During the period under review, ASMC’s revenue hit a record high of RMB350.5 million, representing an increase of 56% when compared to RMB225.2 million for the corresponding period last year. The Company boasted a net profit after tax of RMB9.4 million when compared to a net loss of RMB53.6 million for the same period last year. The turnaround was mainly attributable to the revival of the global semiconductor industry, strong demand from customers and smooth ramp-up of the 8-inch fab.

The Company reported an increase in utilization rate to 71% in the third quarter when compared to 51% of the corresponding period last year. The shipment of 8-inch equivalent wafers also increased by 47.2% from 75,567 pieces for the three months ended 30 September 2005 to 111,271 pieces for the three months ended 30 September 2006.

ASMC recorded operating expenses of RMB23.5 million for the third quarter of 2006, representing decrease of 29% and 34% respectively when compared to RMB33.1 million for the preceding quarter and RMB35.5 million of the corresponding period last year. The improvement was mainly a result of the stabilization of the 8-inch production technology and the decrease in research and development costs during the period under review.

“In the third quarter this year, our process technology of 8-inch submicron Bipolar CMOS DMOS (BCD) has been launched with trial production.” said Dr. Tony Liu, Executive Director and President of ASMC. He is confident that once the new technology is applied to mass production, it will make significant contribution to the Company’s growth in the years to come.

Looking ahead, ASMC expects to benefit from the continued and smooth ramp-up of 8-inch fab, as well as the advanced technology of submicron BCD.

About ASMC

ASMC was incorporated in October 1988 as a Sino-foreign equity joint venture, supplying exclusively of analog semiconductors to the Philips Group. On 2 March 2004, ASMC re-registered as a foreign invested joint stock company and it was listed on the Main Board of the Stock Exchange of Hong Kong on 7 April 2006.

The major customers of ASMC include some of the world’s leading IDMs and fabless semiconductor companies such as Semtech, NXP Semiconductors, Datang Microelectronics, Texas Instruments, Fairchild Semiconductor, National Semiconductor, Alpha & Omega Semiconductors, Ltd., California Micro Devices and Monolithic Power Systems.

ASMC is equipped with wafer fabrication facilities situated in Shanghai, one of which manufactures 5-inch and 6-inch wafers and the other produces 8-inch wafers.

For further enquiries, please contact:

ASMC Media Relations
Miss WENG Zhe
Tel: (8621) 6485 1900 ext 2310 / (86) 136 1177 5601
Email: zhe_weng@asmc.com.cn