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<SEC-DOCUMENT>0000950103-03-001635.txt : 20030807
<SEC-HEADER>0000950103-03-001635.hdr.sgml : 20030807
<ACCEPTANCE-DATETIME>20030807164327
ACCESSION NUMBER:		0000950103-03-001635
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20030807
FILED AS OF DATE:		20030807

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ADVANCED SEMICONDUCTOR ENGINEERING INC
		CENTRAL INDEX KEY:			0001122411
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-16125
		FILM NUMBER:		03829152

	BUSINESS ADDRESS:	
		STREET 1:		26 CHIN THIRD ROAD
		STREET 2:		NANTZE EXPORT PROCESSING ZONE
		CITY:			KAOHSIUNG TAIWAN
		STATE:			F5
		ZIP:			00000

	MAIL ADDRESS:	
		STREET 1:		26 CHIN THIRD ROAD
		STREET 2:		NANTZE EXPORT PROCESSING ZONE
		CITY:			KAOHSIUNG TAIWAN
		STATE:			F5
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>aug0703_6k.htm
<TEXT>
<HTML>
<HEAD>
   <TITLE>6-K</TITLE>
</HEAD>
<body leftmargin="50p" marginwidth="50p">
<P align="center"> <B><FONT size="3" face="Times New Roman, Times, serif">FORM
  6-K<br>
  </FONT></B><font size="3" face="Times New Roman, Times, serif"><B>SECURITIES
  AND EXCHANGE COMMISSION</B></font><font size="2" face="Times New Roman, Times, serif"><B><br>
  </B></font><font size="2" face="Times New Roman, Times, serif"><B>Washington,
  D.C. 20549 </B> </font></P>
<P align="center"> <font size="2" face="Times New Roman, Times, serif"><B>Report
  of Foreign Private Issuer</B> </font></P>
<P align="center"> <font size="2" face="Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Pursuant
  to Rule 13a-16 or 15d-16<br>
  of the Securities Exchange Act of 1934</B> </font> </P>
<blockquote>
  <blockquote>
    <blockquote>
      <p> <FONT size="2" face="Times New Roman, Times, serif">For the
        month of August, 2003</FONT> </p>
      <p> <FONT size="2" face="Times New Roman, Times, serif">Commission
        File Number 001-16125</FONT> </p>
    </blockquote>
  </blockquote>
</blockquote>
<P align="center"> <font size="3" face="Times New Roman, Times, serif"><B>Advanced
  Semiconductor Engineering, Inc.<br>
  </B></font><FONT size="2" face="Times New Roman, Times, serif">(
  Exact name of Registrant as specified in its charter)</FONT> </P>
<P align="center"> <font size="2" face="Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26
  Chin Third Road<br>
  Nantze Export Processing Zone<br>
  Kaoshiung, Taiwan<br>
  Republic of China <br>
  (Address of principal executive offices) </font> </P>
<blockquote>
  <blockquote>
    <blockquote>
      <p> <FONT size="2" face="Times New Roman, Times, serif">Indicate
        by check mark whether the registrant files or will file annual
        reports under cover Form 20-F or Form 40-F. </FONT> </p>
    </blockquote>
  </blockquote>
</blockquote>
<div align=center>
  <table border=0 cellpadding=0 cellspacing=0>
    <tr align="center">
      <td width="200" valign="top"><font size="2" face="Times New Roman, Times, serif">Form
        20-F <u>&nbsp;&nbsp;X&nbsp;&nbsp;</u> </font>
      <td width="200" valign="top"><font size="2" face="Times New Roman, Times, serif">Form
        40-F <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></tr>
  </table>
</div>
<blockquote>
  <blockquote>
    <blockquote>
      <p align="left"> <FONT size="2" face="Times New Roman, Times, serif">Indicate
        by check mark if the registrant is submitting the Form 6-K
        in paper as permitted by Regulation S-T Rule 101(b)(1): ____
        </FONT> </p>
      <p align="left"> <font size="2" face="Times New Roman, Times, serif"><B>Note:</B>
        Regulation S-T Rule 101(b)(1) only permits the submission in
        paper of a Form 6-K if submitted solely to provide an attached
        annual report to security holders. </font> </p>
      <p align="left"> <FONT size="2" face="Times New Roman, Times, serif">Indicate
        by check mark if the registrant is submitting the Form 6-K
        in paper as permitted by Regulation S-T Rule 101(b)(7): ____
        </FONT> </p>
      <p align="left"> <font size="2" face="Times New Roman, Times, serif"><B>Note:</B>
        Regulation S-T Rule 101(b)(7) only permits the submission in
        paper of a Form 6-K if submitted to furnish a report or other
        document that the registrant </font> </p>
    </blockquote>
  </blockquote>
</blockquote>
<br>
<br>
<hr size=3 color=GRAY noshade>
<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 1; page: 1" -->
<br>
<br>
<blockquote>
  <blockquote>
    <blockquote>
      <p> <FONT size="2" face="Times New Roman, Times, serif">foreign
        private issuer must furnish and make public under the laws
        of the jurisdiction in which the registrant is incorporated,
        domiciled or legally organized (the registrant's "home country"),
        or under the rules of the home country exchange on which the
        registrant's securities are traded, as long as the report or
        other document is not a press release, is not required to be
        and has not been distributed to the registrant's security holders,
        and, if discussing a material event, has already been the subject
        of a Form 6-K submission or other Commission filing on EDGAR.
        </FONT> </p>
      <p> <FONT size="2" face="Times New Roman, Times, serif">Indicate
        by check mark whether by furnishing the information contained
        in this Form, the registrant is also thereby furnishing the
        information to the Commission pursuant to Rule 12g3-2(b) under
        the Securities Exchange Act of 1934. </FONT> </p>
    </blockquote>
  </blockquote>
</blockquote>
<div align=center>
  <table border=0 cellpadding=0 cellspacing=0>
    <tr align="center">
      <td width="150" valign="top"><font size="2" face="Times New Roman, Times, serif">Yes
        <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> </font>
      <td width="150" valign="top"><font size="2" face="Times New Roman, Times, serif">No
        <u>&nbsp;&nbsp;X&nbsp;&nbsp;</u></font></tr>
  </table>
</div>
<blockquote>
  <blockquote>
    <blockquote>
      <p> <FONT size="2" face="Times New Roman, Times, serif">If "Yes"
        is marked, indicate below the file number assigned to the registrant
        in connection with Rule 12g3-2(b): 82-<br>
        </FONT><font size="2" face="Times New Roman, Times, serif"><U>Not
        applicable</U> </font></p>
    </blockquote>
  </blockquote>
</blockquote>
<br>
<br>
<hr size=3 color=GRAY noshade>
<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 1; page: 1" -->
<br>
<br>
<P align="center"> <font size="2" face="Times New Roman, Times, serif"><B>Signatures
  </B> </font></P>
<P> <FONT size="2" face="Times New Roman, Times, serif">Pursuant to
  the requirements of the Securities Exchange Act of 1934, the registrant
  has duly caused this report to be signed on its behalf by the undersigned,
  thereunto duly authorized. </FONT> </P>
<TABLE width="90%" border=0 cellspacing=0 cellpadding=0>
  <TR>
    <TD width="46%">&nbsp;</TD>
    <TD align="center" width="7%">&nbsp;</TD>
    <TD align="left" width="47%"><font size="2" face="Times New Roman, Times, serif"><B>ADVANCED
      SEMICONDUCTOR</B></font></TD>
  </TR>
  <TR>
    <TD width="46%">&nbsp;</TD>
    <TD align="center" width="7%">&nbsp;</TD>
    <TD align="left" width="47%"><font size="2" face="Times New Roman, Times, serif"><B>ENGINEERING,
      INC.</B></font></TD>
  </TR>
  <TR>
    <TD width="46%">&nbsp;</TD>
    <TD width="7%" align="center">&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="46%"><FONT size="2" face="Times New Roman, Times, serif">Date:
      August 7, 2003</FONT></TD>
    <TD width="7%"><FONT size="2" face="Times New Roman, Times, serif">By:</FONT></TD>
    <TD align="left" width="47%"><FONT size="2" face="Times New Roman, Times, serif">/s/
      Joseph Tung</FONT></TD>
  </TR>
  <TR>
    <TD width="46%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD align="left">
<HR align="left" width="70%" size=1 noshade></TD>
  </TR>
  <TR>
    <TD width="46%">&nbsp;</TD>
    <TD width="7%"><FONT size="2" face="Times New Roman, Times, serif">Name:</FONT></TD>
    <TD width="47%"><FONT size="2" face="Times New Roman, Times, serif">Joseph
      Tung</FONT></TD>
  </TR>
  <TR>
    <TD width="46%">&nbsp;</TD>
    <TD width="7%"><FONT size="2" face="Times New Roman, Times, serif">Title:</FONT></TD>
    <TD width="47%"><FONT size="2" face="Times New Roman, Times, serif">Chief
      Financial Officer</FONT></TD>
  </TR>
</TABLE>
<br>
<br>
<hr size=3 color=GRAY noshade>
<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 1; page: 1" -->
<br>
<br>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="60%" valign="top"> <B><FONT size="2" face="Arial, Helvetica, sans-serif">Advanced
      Semiconductor Engineering, Inc.</FONT></B><FONT size=2 face="Arial, Helvetica, sans-serif">&nbsp;
      </FONT> </td>
    <td width="40%" align="center" valign="top"><img src="aug0703_logo.jpg" width="81" height="71"></td>
  </tr>
</table>
<P> <font size="2" face="Arial, Helvetica, sans-serif"><B><I>FOR IMMEDIATE
  RELEASE </I></B> </font></P>
<P> <font size="2" face="Arial, Helvetica, sans-serif"><B>Contact:
  </B> </font></P>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="50%"><font size="2" face="Arial, Helvetica, sans-serif"><B>ASE,
      Inc.</B></font></td>
    <td width="50%"><font size="2" face="Arial, Helvetica, sans-serif"><B>Joseph
      Tung</B>, CFO / Vice President<br>
      <B>Freddie Liu</B>, Assistant Vice President </font></td>
  </tr>
  <tr>
    <td width="50%">&nbsp;</td>
    <td width="50%">&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td width="50%"><font size="2" face="Arial, Helvetica, sans-serif">Room
      1901, No. 333, Section 1<br>
      Keelung Road, Taipei, Taiwan, 110 </font></td>
    <td width="50%" valign="bottom"><font size="2" face="Arial, Helvetica, sans-serif">ir@aseglobal.com
      </font></td>
  </tr>
  <tr>
    <td width="50%">&nbsp;</td>
    <td width="50%">&nbsp;</td>
  </tr>
  <tr>
    <td width="50%"><FONT size=2 face="Arial, Helvetica, sans-serif">Tel:
      + 886-2-8780-5489<br>
      Fax: + 886-2-2757-6121</FONT></td>
    <td width="50%" valign="top"><FONT size=2 face="Arial, Helvetica, sans-serif">
      http://www.aseglobal.com </FONT></td>
  </tr>
</table>
<P align="center"> <font size="2" face="Arial, Helvetica, sans-serif"><B>ADVANCED
  SEMICONDUCTOR ENGINEERING, INC. REPORTS CONSOLIDATED<br>
  </B></font><font size="2" face="Arial, Helvetica, sans-serif"><B>YEAR
  2003 SECOND-QUARTER FINANCIAL RESULTS</B> </font></P>
<P> <FONT size=2 face="Arial, Helvetica, sans-serif">Taipei, Taiwan,
  R.O.C., August 6th, 2003 &#150; Advanced Semiconductor Engineering,
  Inc. (TAIEX: 2311, NYSE: ASX), (&#147;We&#148;, ASE&#148;, or the
  &#147;Company&#148;), one of the world&#146;s largest independent
  providers of semiconductor packaging and testing services, today
  reported unaudited consolidated net revenues<SUP>1</SUP> of NT$12,773
  million for the second quarter of 2003 (2Q03), up 18% from the year
  ago period and up 10% sequentially. Net income for the quarter totaled
  NT$360 million, representing earnings per share of NT$0.11, or US$0.017
  per ADS. </FONT> </P>
<P> <FONT size=2 face="Arial, Helvetica, sans-serif">For the first
  six months of 2003, the Company&#146;s revenues were NT$24,359 million,
  up 17% compared to the same period of 2003. Net income was NT$12
  million, compared to a loss of NT$157 million in the first half of
  2002. EPS was NT$0.004, or US$0.001 per ADS. </FONT> </P>
<P> <FONT size=2 face="Arial, Helvetica, sans-serif">&#147;We are very
  pleased with our performance during the second quarter, even though
  the quarter is seasonally slow in the IT industry and the SARS outbreak
  had a noticeable impact in Asia,&#148; commented Mr. Jason Chang,
  Chairman of ASE. &#147;The stronger than seasonal business momentum
  was primarily attributed to our balanced end sector exposure and
  the continuing outsourcing by our major IDM customers. We have successfully
  diversified our revenues sources from a broad base of customers,
  which mitigated the possible impact from single customer&#146;s performance.&#148;
  </FONT> </P>
<P> <FONT size=2 face="Arial, Helvetica, sans-serif">&#147;Driven by
  increasing customer demand, our turn-key solution provided by our
  multiple locations has become ASE&#146;s biggest strength. In addition
  to our core packaging and testing services, the system-in-package
  or module business is a new sweet spot that we have made significant
  progress in capitalizing on the growth i n this sector.&#148; </FONT>
</P>
<P> <FONT size=2 face="Arial, Helvetica, sans-serif">&#147;We remain
  confident about the prospect going into the second half of this year,
  and even more so for 2004. The driver for our growth will be the
  increasing demand for leading edge packaging and testing services,
  and we believe we are in the best position among all of our competitors
  to capture the most growth in the foreseeable future.&#148; </FONT>
</P>
<P> <font size="2" face="Arial, Helvetica, sans-serif"><B>RESULTS OF
  OPERATIONS<I> </I></B> </font></P>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr align="left" valign="top">
    <td width="5%">&#149;</td>
    <td width="95%"><FONT size=2 face="Arial, Helvetica, sans-serif">Net
      revenues amounted to NT$12,773 million, up 18% from 2Q02 and
      up 10% sequentially. The revenue contribution can be broken down
      into NT$9,987 million from packaging operations, NT$2,752 million
      from testing operations, and NT$34 million from other revenues.
      </FONT></td>
  </tr>
</table>
<P>
<hr align=left width=15% size=1 noshade color="#000000">
<font size="1" face="Arial, Helvetica, sans-serif"><SUP>1</SUP>
All financial information presented in this press release is unaudited,
consolidated and prepared in accordance with generally accepted accounting
principles in the Republic of China, or ROC GAAP. Such financial information
is generated internally by us, and has not been subjected to the same
review and scrutiny, including internal auditing procedures and review
by independent auditors, to which we subject our audited consolidated
financial statements, and may vary materially from the audited consolidated
financial information for the same period. Any evaluation of the financial
information presented in this press release should also take into account
our published audited consolidated financial statements and the notes
to those statements. In addition, the financial information presented
is not necessarily indicative of our results for any future period.
</font></font></P><br><br>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr align="right">
    <td width="50%"><FONT size=2 face="Arial, Helvetica, sans-serif">1</FONT></td>
    <td width="50%"><FONT size=2 face="Arial, Helvetica, sans-serif">August
      6, 2003</FONT> </td>
  </tr>
</table>
<br>
<br>

<hr size=3 color=GRAY noshade>
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<br>
<br>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="60%" valign="top"> <B><FONT size="2" face="Arial, Helvetica, sans-serif">Advanced
      Semiconductor Engineering, Inc.</FONT></B><FONT size=2 face="Arial, Helvetica, sans-serif">&nbsp;
      </FONT> </td>
    <td width="40%" align="center" valign="top"><img src="aug0703_logo.jpg" width="81" height="71"></td>
  </tr>
</table>
<br>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr align="left" valign="top">
    <td width="5%">&#149;</td>
    <td width="95%"> <FONT size=2 face="Arial, Helvetica, sans-serif">Costs
      of revenues were NT$10,803 million, representing an increase
      of 18% compared to 2Q02 and an increase of 7% compared to 1Q03.</FONT>
    </td>
  </tr>
</table>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr align="left" valign="top">
    <td width="5%">&nbsp;</td>
    <td width="5%"><FONT size=2 face="Arial, Helvetica, sans-serif">-</font></td>
    <td width="90%"><FONT size=2 face="Arial, Helvetica, sans-serif">As
      a percentage of net revenues, cost of revenues was 85% in 2Q03
      and remained unchanged compared with 2Q02. Sequentially, cost
      of revenues decreased from 87% in 1Q03, primarily as a result
      of increased internal sourcing of packaging material from ASE
      Material.</font></td>
  </tr>
  <tr align="left" valign="top">
    <td width="5%">&nbsp;</td>
    <td width="5%"><font size="2" face="Arial, Helvetica, sans-serif">-</font></td>
    <td width="90%"> <font size="2" face="Arial, Helvetica, sans-serif">Depreciation
      expense totaled NT$2,935 million during the quarter, an increase
      of 4% compared to 2Q02 and increase of 2% sequentially, due to
      increased capital expenditures.</font></td>
  </tr>
</table>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr align="left" valign="top">
    <td width="5%">&#149;</td>
    <td width="95%"><FONT size=2 face="Arial, Helvetica, sans-serif">Gross
      profit for the quarter was NT$1,970 million, representing a gross
      margin of 15%, remained unchanged from 2Q02 and up from 13% in
      1Q03.</FONT></td>
  </tr>
  <tr align="left" valign="top">
    <td>&#149;</td>
    <td><font size=2 face="Arial, Helvetica, sans-serif">Total operating
      expenses were NT$1,811 million, including NT$550 million in research
      and development expense.Selling, general and administrative expense
      totaled NT$1,261 million, which included goodwill amortization
      related to past acquisition of consolidated entities of NT$207
      million.</font></td>
  </tr>
  <tr align="left" valign="top">
    <td>&#149;</td>
    <td><font size=2 face="Arial, Helvetica, sans-serif">We recordednet
      non-operating expenses of NT$298 million in 2Q03, compared with
      NT$407 million in 2Q02 and NT$510 million in 1Q03.</font></td>
  </tr>
</table>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr align="left" valign="top">
    <td width="5%">&nbsp;</td>
    <td width="5%"><FONT size=2 face="Arial, Helvetica, sans-serif">-&nbsp;</FONT></td>
    <td width="90%"><font size=2 face="Arial, Helvetica, sans-serif">Interest
      expense for the quarter was NT$385 million, down from NT$497
      million in 2Q02 and NT$418 million in 1Q03. The decrease in interest
      expense was mainly due to the lower interest rate achieved by
      the refinancing of bank loans as well as reduced debt level.</font></td>
  </tr>
  <tr align="left" valign="top">
    <td width="5%">&nbsp;</td>
    <td width="5%"><font size=2 face="Arial, Helvetica, sans-serif">-</font></td>
    <td width="90%"><font size=2 face="Arial, Helvetica, sans-serif">NT$511
      million of interest revenues from long-term bond investment was
      recognized due to redemption notice of the convertible bonds.</font></td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td><font size=2 face="Arial, Helvetica, sans-serif">-</font></td>
    <td><font size=2 face="Arial, Helvetica, sans-serif">Loss on long
      -term investment was NT$63 million, consisting of NT$8 million
      of net investment loss from minority-owned affiliates, and NT$55
      million of goodwill amortization related to such minority-owned
      affiliates. The net investment loss from minority-owned affiliates
      included NT$ 35 million of loss from Hung Ching Construction
      and NT$19 million of loss from other invested companies, partly
      offset by NT$46 million of investment income from Universal Scientific
      Industrial Co. ("USI").</font></td>
  </tr>
  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td><font size=2 face="Arial, Helvetica, sans-serif">-&nbsp;</font></td>
    <td><font size=2 face="Arial, Helvetica, sans-serif">We recognized
      NT$355 million loss on disposal of treasury shares by ASE Capital
      Inc., a wholly owned subsidiary of the Company.</font></td>
  </tr>
</table>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr align="left" valign="top">
    <td width="5%">&#149;</td>
    <td width="95%"><font size=2 face="Arial, Helvetica, sans-serif">Loss
      before tax was NT$139 million. The Company recognized an income
      tax benefit of NT$504 million during the quarter. Minority interest
      adjustment for the quarter amounted to NT$5 million.</font></td>
  </tr>
  <tr align="left" valign="top">
    <td>&#149;</td>
    <td><font size=2 face="Arial, Helvetica, sans-serif">In 2Q03, net
      income amounted to NT$360 million, compared with NT$74 million
      for 2Q02 and net loss of NT$348 million for 1Q03.</font></td>
  </tr>
  <tr align="left" valign="top">
    <td>&#149;</td>
    <td><font size=2 face="Arial, Helvetica, sans-serif">As a result
      of the sales of treasury shares by the Company&#146;s two wholly
      owned investment companies during the quarter, the Company&#146;s
      total shares outstanding at the end of the quarter was 3,254,467,369.
      T he Company&#146;s earnings per share for the second quarter
      of 2003 was NT$0.11, or US$0.017 per ADS, based on 3,142,199,728
      weighted average number of shares outstanding during the second
      quarter. For the first six months of 2003, the Company&#146;s
      earnings per share were NT$0.004, or US$0.001 per ADS.</font></td>
  </tr>
</table>
<P> <font size="2" face="Arial, Helvetica, sans-serif"><B>LIQUITY AND
  CAPITALRESOURCES</B> </font> </P>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr align="left" valign="top">
    <td width="5%">&#149;</td>
    <td width="95%"><FONT size=2 face="Arial, Helvetica, sans-serif">Capital
      expenditures in Q2/03 totaled US$94 million. The breakdown of
      such capital expenditures by operations is as follows: US$50
      million for packaging operations, US$43 million for testing operations
      and US$1 million for interconnect materials.</FONT></td>
  </tr>
  <tr align="left" valign="top">
    <td>&#149;</td>
    <td><FONT size=2 face="Arial, Helvetica, sans-serif">EBITDA for
      the quarter totaled NT$3,669 million, up 7% from NT$3,429 million
      in the year-ago quarter and up 18% from previous quarter primarily
      as a result of higher revenues during the quarter.</FONT></td>
  </tr>
  <tr align="left" valign="top">
    <td>&#149;</td>
    <td><FONT size=2 face="Arial, Helvetica, sans-serif">At the end
      of 2Q03, the Company had cash on hand plus short-term investment
      of NT$14,589 million, as compared with NT$14,597 million at the
      end of 1Q03.</FONT></td>
  </tr>
  <tr align="left" valign="top">
    <td>&#149;</td>
    <td><FONT size=2 face="Arial, Helvetica, sans-serif">As of June
      30, 2003, the Company had total bank debt of NT$47,256 million,
      consisting of NT$4,385 million of revolving working capital loan,
      NT$7,051 million of current portion of long -term debt, NT$5,378
      million of current portion of long -term bonds payable and NT$30,442
      million of long term debt. Of the NT$30,442 million of long-term
      debt, NT$5,192 million was the syndication loan taken by ASE
      Test Limited for the purpose of refinancing its</FONT></td>
  </tr>
</table>
<br>
<br>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr align="right">
    <td width="50%"><font size="2" face="Arial, Helvetica, sans-serif">2</font></td>
    <td width="50%"><FONT size=2 face="Arial, Helvetica, sans-serif">August
      6, 2003</FONT> </td>
  </tr>
</table>
<br>
<br>

<hr size=3 color=GRAY noshade>
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<br>
<br>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="60%" valign="top"> <B><FONT size="2" face="Arial, Helvetica, sans-serif">Advanced
      Semiconductor Engineering, Inc.</FONT></B><FONT size=2 face="Arial, Helvetica, sans-serif">&nbsp;
      </FONT> </td>
    <td width="40%" align="center" valign="top"><img src="aug0703_logo.jpg" width="81" height="71"></td>
  </tr>
</table>
<br>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr align="left" valign="top">
    <td width="5%">&#149;</td>
    <td width="95%"><FONT size=2 face="Arial, Helvetica, sans-serif">convertible
      bonds. Total unused banking facilities amounted to NT$12,335
      million. Total number of employees reached 21,767 as of June
      30, 2003.</FONT></td>
  </tr>
</table>
<P> <font size="2" face="Arial, Helvetica, sans-serif"><B>BUSINESS
  REVIEW </B> </font></P>
<P> <font size="2" face="Arial, Helvetica, sans-serif"><B><U>Packaging
  Services</U></B> </font> </P>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr align="left" valign="top">
    <td>&#149;</td>
    <td><FONT size=2 face="Arial, Helvetica, sans-serif">Revenues generated
      from the Company&#146;s packaging operations were NT$9,987 million
      during the quarter, up 18% year-over-year and up 11% sequentially.
      The revenue growth was primarily due to the increase in packaging
      volume. The average selling price of our packaging services remained
      stable compared with previous quarter.</FONT></td>
  </tr>
  <tr align="left" valign="top">
    <td>&#149;</td>
    <td><FONT size=2 face="Arial, Helvetica, sans-serif">Revenues from
      flip chip packages accounted for 7% of total packaging revenues,
      up from 6% in the previous quarter.</FONT></td>
  </tr>
  <tr align="left" valign="top">
    <td>&#149;</td>
    <td><FONT size=2 face="Arial, Helvetica, sans-serif">Revenues from
      BGA and other substrate-based packages comprised 5 0% of total
      packaging revenues during the quarter, compared with 47% in 2Q02
      and 53% in the previous quarter. The sequential decline in BGA
      revenues was due primarily to the relative weakness of certain
      communication and computer customers who predominantly use BGA
      packages for their products.</FONT></td>
  </tr>
  <tr align="left" valign="top">
    <td>&#149;</td>
    <td><FONT size=2 face="Arial, Helvetica, sans-serif">Advanced lead
      frame based packages, including QFP, TQFP and LQFP, accounted
      for 26% of total packaging revenues, down 7% year-over-year and
      unchanged from previous quarter.</FONT></td>
  </tr>
  <tr align="left" valign="top">
    <td width="5%">&#149;</td>
    <td width="95%"><FONT size=2 face="Arial, Helvetica, sans-serif">Gross
      margin of packaging operations was 14%, down from 18% in a year
      ago quarter and up from 13% in the previous quarter.</FONT></td>
  </tr>
  <tr align="left" valign="top">
    <td>&#149;</td>
    <td><FONT size=2 face="Arial, Helvetica, sans-serif">Capital spending
      on the packaging operations amounted to US$50 million, of which
      US$43 million was for wirebonding packaging capacity, and US$7
      million was for wafer bumping and flip chip packaging equipment.</FONT></td>
  </tr>
  <tr align="left" valign="top">
    <td>&#149;</td>
    <td><FONT size=2 face="Arial, Helvetica, sans-serif">As of June
      30, 2003, there were 4,688 wirebonders in operation, 74% of which
      were capable of performing fine pitch wirebonding services. A
      total of 93 wirebonders were added and 65 wirebonders were rendered
      obsolete during the second quarter of 2003.</FONT></td>
  </tr>
</table>
<P> <font size="2" face="Arial, Helvetica, sans-serif"><B><U>Testing
  Services</U></B> </font></P>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr align="left" valign="top">
    <td>&#149;</td>
    <td><FONT size=2 face="Arial, Helvetica, sans-serif">Revenues generated
      from the Company&#146;s testing operations were NT$2,752 million,
      up 15% year-over-year and up 9% sequentially.</FONT></td>
  </tr>
  <tr align="left" valign="top">
    <td>&#149;</td>
    <td><FONT size=2 face="Arial, Helvetica, sans-serif">Of the total
      testing revenues, 82% was contributed by the Company&#146;s final
      test operations, 13% by wafer sort operations, and5% by engineering
      test operations.</FONT></td>
  </tr>
  <tr align="left" valign="top">
    <td>&#149;</td>
    <td><FONT size=2 face="Arial, Helvetica, sans-serif">Growth in
      testing revenues came largely from volume increase compared to
      previous quarter, whereas ASP declined slightly during the quarter.</FONT></td>
  </tr>
  <tr align="left" valign="top">
    <td>&#149;</td>
    <td><FONT size=2 face="Arial, Helvetica, sans-serif">Gross margin
      of our test operations was 19%, compared with 6% in the second
      quarter of 2002 and up from 14% in the first quarter of 2003.</FONT></td>
  </tr>
  <tr align="left" valign="top">
    <td>&#149;</td>
    <td><FONT size=2 face="Arial, Helvetica, sans-serif">Capital spending
      on the testing operations amounted to US$43 million.</FONT></td>
  </tr>
  <tr align="left" valign="top">
    <td width="5%">&#149;</td>
    <td width="95%"><FONT size=2 face="Arial, Helvetica, sans-serif">As
      of June 30, 2003, the Company operated a total of 1,107 testers,
      including 40 testers added during the quarter.</FONT></td>
  </tr>
</table>
<P> <font size="2" face="Arial, Helvetica, sans-serif"><B><U>Interconnect
  Materials</U></B> </font></P>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr align="left" valign="top">
    <td width="5%">&#149;</td>
    <td width="95%"><font size=2 face="Arial, Helvetica, sans-serif">ASE
      Materials recorded revenues of NT$1,133 million for the quarter,
      up56% year-over-year and up 32% sequentially. In the second quarter
      of 2003, ASE Material supplied 55% (by value) of the Company&#146;s
      total PBGA substrate requirements. Substantially all of ASE Material&#146;s
      revenues derived from inter-company sales and are not reflected
      in ASE&#146;s consolidated revenues.</font></td>
  </tr>
</table>
<P> <font size="2" face="Arial, Helvetica, sans-serif"><B><U>Customers</U>
  </B> </font></P>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr align="left" valign="top">
    <td width="5%">&#149;</td>
    <td width="95%"><FONT size=2 face="Arial, Helvetica, sans-serif">The
      Company&#146;s five largest customers together accounted for
      approximately 34% of its net revenues in 2Q03, compared with
      36% in 2Q02 and 40% in 1Q03.</FONT></td>
  </tr>
  <tr align="left" valign="top">
    <td>&#149;</td>
    <td><FONT size=2 face="Arial, Helvetica, sans-serif">The Company&#146;s
      top 10 customers contributed 51% of its revenues during the quarter,
      compared with 52% in 2Q02 and 57% in 1Q03. </FONT></td>
  </tr>
</table>
<br>
<br>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr align="right">
    <td width="50%"><font size="2" face="Arial, Helvetica, sans-serif">3</font></td>
    <td width="50%"><FONT size=2 face="Arial, Helvetica, sans-serif">August
      6, 2003</FONT> </td>
  </tr>
</table>
<br>
<br>

<hr size=3 color=GRAY noshade>
<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 1; page: 1" -->
<br>
<br>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="60%" valign="top"> <B><FONT size="2" face="Arial, Helvetica, sans-serif">Advanced
      Semiconductor Engineering, Inc.</FONT></B><FONT size=2 face="Arial, Helvetica, sans-serif">&nbsp;
      </FONT> </td>
    <td width="40%" align="center" valign="top"><img src="aug0703_logo.jpg" width="81" height="71"></td>
  </tr>
</table>
<br>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr align="left" valign="top">
    <td width="5%">&#149;</td>
    <td width="95%"><FONT size=2 face="Arial, Helvetica, sans-serif">The
      Company&#146;s customers that are integrated device manufacturers,
      or IDMs, accounted for 51% of the Company&#146;s revenues in
      2Q03, compared with 50% in 2Q02 and 54% in 1Q03.</FONT></td>
  </tr>
</table>
<P> <font size="2" face="Arial, Helvetica, sans-serif"><B><U>Quarterly
  Highlights</U> </B> </font></P>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr align="left" valign="top">
    <td>&#149;</td>
    <td><FONT size=2 face="Arial, Helvetica, sans-serif">ASE Test Limited
      successfully raised US$150 million through a 5-year syndication
      loan arranged by Citibank, Taipei. Proceed will be used to refinance
      its US$150 million convertible bond due in 2004.</FONT></td>
  </tr>
  <tr align="left" valign="top">
    <td>&#149;</td>
    <td><FONT size=2 face="Arial, Helvetica, sans-serif">The Company&#146;s
      two wholly owned subsidiaries sold their entire holding of ASE
      Inc.&#146;s stock of 163,788,000 shares through an ADR offering
      in the beginning of June. US$84 million was raised by this offering
      and the proceeds was repatriated to the Company for loan repayment.</FONT></td>
  </tr>
  <tr align="left" valign="top">
    <td>&#149;</td>
    <td><FONT size=2 face="Arial, Helvetica, sans-serif">ASE completes
      internal development of electroplated wafer bumping technology.
      Initial production volume shall reach 10,000 pieces per month.</FONT></td>
  </tr>
  <tr align="left" valign="top">
    <td width="5%">&#149;</td>
    <td width="95%"><FONT size=2 face="Arial, Helvetica, sans-serif">ASE
      qualifies wire-bond and flip-chip assemblies for ICs using TSMC&#146;s
      all-copper, 0.13-micron low-K dielectric process technology.</FONT></td>
  </tr>
</table>
<P> <font size="2" face="Arial, Helvetica, sans-serif"><B><I><U>About
  ASE Inc.</U> </I></B> </font></P>
<P> <font size="2" face="Arial, Helvetica, sans-serif"><I>ASE Inc.
  is one of the world's largest independent providers of semiconductor
  packaging services and, together with its subsidiary ASE Test Limited
  (Nasdaq: ASTSF), one of the world's largest independent providers
  of semiconductor testing services, including front-end engineering
  testing, wafer probing and final testing services. The Company&#146;s
  international customer base of more than 200customers include such
  leading names as Advanced Micro Devices, Inc., Cirrus Logic International
  Ltd., IBM Corporation, LSI Logic Corporation, Motorola, Inc., Qualcomm
  Incorporated and VIA Technology. With advanced technological capabilities
  and a global presence spanning Taiwan, Korea, Hong Kong, Singapore,
  Malaysia and the United States, ASE Inc. has established a reputation
  for reliable, high quality products and services. For more information,
  visit the website http://www.aseglobal.com </I> </font></P>
<P> <font size="2" face="Arial, Helvetica, sans-serif"><B>Safe Harbor
  Notice </B> </font></P>
<P> <FONT size=2 face="Arial, Helvetica, sans-serif">This press release
  contains &#147;forward -looking statements&#148; within the meaning
  of Section 27A of the Securities Act of 1933 and Section 21E of the
  Securities Exchange Act of 1934. Although these forward-looking statements,
  which may include statements regarding our future results of operations,
  financial condition or business prospects, are based on our own information
  and information from other sources we believe to be reliable, you
  should not place undue reliance on these forward -looking statements,
  which apply only as of the date of this press release. Our actual
  results of operations, financial condition or business prospects
  may differ materially from those expressed or implied in these forward-looking
  statements for a variety of reasons, including risks associated with
  the highly competitive nature of the semiconductor industry, our
  ability to introduce new packaging and testing technologies in order
  to remain competitive, our ability to successfully integrate future
  acquisitions, risks associated with international business activities,
  our business strategy, general economic and political conditions,
  possible disruptions in commercial activities caused by natural disasters
  or industrial accidents, our future expansion plans and capital expenditures,
  and fluctuations in foreign currency exchange rates. For a discussion
  of these risks and other factors, please see the documents we file
  from time to time with the Securities and Exchange Commission, including
  our Annual Report on Form 20-F filed on June 30, 2003. </FONT> </P>
<P align="center"> <FONT size=2 face="Arial, Helvetica, sans-serif">##</FONT>
</P>
<br>
<br>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr align="right">
    <td width="50%"><FONT size=2 face="Arial, Helvetica, sans-serif">4</FONT></td>
    <td width="50%"><FONT size=2 face="Arial, Helvetica, sans-serif">August
      6, 2003</FONT> </td>
  </tr>
</table>
<br>
<br>

<hr size=3 color=GRAY noshade>
<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 1; page: 1" -->
<br>
<br>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="60%" valign="top"> <B><FONT size="2" face="Arial, Helvetica, sans-serif">Advanced
      Semiconductor Engineering, Inc.</FONT></B><FONT size=2 face="Arial, Helvetica, sans-serif">&nbsp;
      </FONT> </td>
    <td width="40%" align="center" valign="top"><img src="aug0703_logo.jpg" width="81" height="71"></td>
  </tr>
</table>
<P align="center"> <font size="2" face="Arial, Helvetica, sans-serif"><B>Supplemental
  Financial Information </B> </font></P>
<br>
  <font size="2" face="Arial, Helvetica, sans-serif"><B>Consolidated
  Operations</B></font><br>
<div align="center">
  <TABLE width="90%" border=1 cellpadding=2 cellspacing=0 bordercolor="#000000">
    <TR>
      <TD width="64%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">Amounts
        in NT$ Millions</font></TD>
      <TD align="center" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">2Q/03</FONT></TD>
      <TD align="center" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">1Q/03</FONT></TD>
      <TD align="center" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">2Q/02</FONT></TD>
    </TR>
    <TR>
      <TD width="64%" rowspan="2" valign="top" bgcolor="#000099"><font color="#FFFFFF" size="2" face="Arial, Helvetica, sans-serif"><B>Net
        Revenues<br>
        Revenues by End Application</B></font></TD>
      <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">12,773</FONT></TD>
      <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">11,584</FONT></TD>
      <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">10,828</FONT></TD>
    </TR>
    <TR>
      <TD width="12%">&nbsp;</TD>
      <TD width="12%">&nbsp;</TD>
      <TD width="12%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="64%"><FONT size=2 face="Arial, Helvetica, sans-serif">Communication</FONT></TD>
      <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">36%</FONT></TD>
      <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">37%</FONT></TD>
      <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">32%</FONT></TD>
    </TR>
    <TR>
      <TD width="64%"><font size="2" face="Arial, Helvetica, sans-serif">Computer</font></TD>
      <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">34%</FONT></TD>
      <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">35%</FONT></TD>
      <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">33%</FONT></TD>
    </TR>
    <TR>
      <TD width="64%"><FONT size=2 face="Arial, Helvetica, sans-serif">Automotive
        and Consumers</FONT></TD>
      <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">29%</FONT></TD>
      <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">27%</FONT></TD>
      <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">34%</FONT></TD>
    </TR>
    <TR>
      <TD width="64%"><font size="2" face="Arial, Helvetica, sans-serif">Others</font></TD>
      <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">1%</FONT></TD>
      <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">1%</FONT></TD>
      <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">1%</FONT></TD>
    </TR>
    <TR>
      <TD width="64%" bgcolor="#000099"><font color="#FFFFFF" size="2" face="Arial, Helvetica, sans-serif"><B>Revenues
        by Region</B></font></TD>
      <TD width="12%">&nbsp;</TD>
      <TD width="12%">&nbsp;</TD>
      <TD width="12%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="64%"><font size="2" face="Arial, Helvetica, sans-serif">North
        America</font></TD>
      <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">64%</FONT></TD>
      <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">60%</FONT></TD>
      <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">63%</FONT></TD>
    </TR>
    <TR>
      <TD width="64%"><font size="2" face="Arial, Helvetica, sans-serif">Europe</font></TD>
      <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">8%</FONT></TD>
      <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">8%</FONT></TD>
      <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">6%</FONT></TD>
    </TR>
    <TR>
      <TD width="64%"><font size="2" face="Arial, Helvetica, sans-serif">Taiwan</font></TD>
      <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">24%</FONT></TD>
      <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">27%</FONT></TD>
      <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">22%</FONT></TD>
    </TR>
    <TR>
      <TD width="64%"><font size="2" face="Arial, Helvetica, sans-serif">Japan</font></TD>
      <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">2%</FONT></TD>
      <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">2%</FONT></TD>
      <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">1%</FONT></TD>
    </TR>
    <TR>
      <TD width="64%"><font size="2" face="Arial, Helvetica, sans-serif">Other
        Asia</font></TD>
      <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">2%</FONT></TD>
      <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">3%</FONT></TD>
      <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">8%</FONT></TD>
    </TR>
  </table>
</div>
  <br>
  <font size="2" face="Arial, Helvetica, sans-serif"><B>Packaging Services</B></font><br>
<div align=center>
  <table width="90%" border="1" cellpadding="2" cellspacing="0" bordercolor="#000000">
    <TR>
    <TD width="64%"><font size="2" face="Arial, Helvetica, sans-serif">Amounts
      in NT $ Millions</font></TD>
    <TD align="center" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">2Q/03</FONT></TD>
    <TD align="center" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">1Q/03</FONT></TD>
    <TD align="center" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">2Q/02</FONT></TD>
  </TR>
  <TR>
      <TD width="64%" rowspan="2" valign="top" bgcolor="#000099"><font color="#FFFFFF" size="2" face="Arial, Helvetica, sans-serif"><B>Net
        Revenues<br>
        Revenues by End Application</B></font></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">9,987</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">9,021</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">8,437</FONT></TD>
  </TR>
  <TR>
    <TD width="12%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="64%"><FONT size=2 face="Arial, Helvetica, sans-serif">Communication</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">36%</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">36%</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">31%</FONT></TD>
  </TR>
  <TR>
    <TD width="64%"><font size="2" face="Arial, Helvetica, sans-serif">Computer</font></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">37%</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">38%</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">35%</FONT></TD>
  </TR>
  <TR>
    <TD width="64%"><FONT size=2 face="Arial, Helvetica, sans-serif">Automotive
      and Consumers</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">26%</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">25%</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">33%</FONT></TD>
  </TR>
  <TR>
    <TD width="64%"><font size="2" face="Arial, Helvetica, sans-serif">Others</font></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">1%</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">1%</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">1%</FONT></TD>
  </TR>
  <TR>
      <TD width="64%" bgcolor="#000099"><font color="#FFFFFF" size="2" face="Arial, Helvetica, sans-serif"><B>Revenues
        by Package Type</B></font></TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="64%"><FONT size=2 face="Arial, Helvetica, sans-serif">BGA
      &amp; other substrate -based</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">50%</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">53%</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">47%</FONT></TD>
  </TR>
  <TR>
    <TD width="64%"><FONT size=2 face="Arial, Helvetica, sans-serif">QFP,
      TQFP, LQFP</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">26%</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">26%</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">33%</FONT></TD>
  </TR>
  <TR>
    <TD width="64%"><FONT size=2 face="Arial, Helvetica, sans-serif">PDIP,
      PLCC, Sos</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">9%</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">10%</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">12%</FONT></TD>
  </TR>
  <TR>
    <TD width="64%"><font size="2" face="Arial, Helvetica, sans-serif">Others</font></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">15%</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">11%</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">8%</FONT></TD>
  </TR>
  <TR>
      <TD width="64%" bgcolor="#000099"><font color="#FFFFFF" size="2" face="Arial, Helvetica, sans-serif"><B>Capacity</B></font></TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="64%"><FONT size=2 face="Arial, Helvetica, sans-serif">CapEx
      (US$ Millions) *</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">50</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">69</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">64</FONT></TD>
  </TR>
  <TR>
    <TD width="64%"><FONT size=2 face="Arial, Helvetica, sans-serif">Number
      of Wirebonders</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">4,688</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">4,660</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">4,032</FONT></TD>
  </TR>
</table>
</div>
<br>
<font size="2" face="Arial, Helvetica, sans-serif"><B>Testing
      Services</B></font><br>
<div align=center>
  <table width="90%" border="1" cellpadding="2" cellspacing="0" bordercolor="#000000">
    <TR>
    <TD width="64%"><font size="2" face="Arial, Helvetica, sans-serif">Amounts
      in NT $ Millions</font></TD>
    <TD align="center" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">2Q/03</FONT></TD>
    <TD align="center" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">1Q/03</FONT></TD>
    <TD align="center" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">2Q/02</FONT></TD>
  </TR>
  <TR>
      <TD width="64%" rowspan="2" valign="top" bgcolor="#000099"><font color="#FFFFFF" size="2" face="Arial, Helvetica, sans-serif"><B>Net
        Revenues<br>
        Revenues by End Application</B></font></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">2,752</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">2,535</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">2,390</FONT></TD>
  </TR>
  <TR>
    <TD width="12%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="64%"><FONT size=2 face="Arial, Helvetica, sans-serif">Communication</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">35%</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">37%</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">34%</FONT></TD>
  </TR>
  <TR>
    <TD width="64%"><FONT size=2 face="Arial, Helvetica, sans-serif">Computer</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">24%</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">23%</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">27%</FONT></TD>
  </TR>
  <TR>
    <TD width="64%"><FONT size=2 face="Arial, Helvetica, sans-serif">Automotive
      and Consumers</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">38%</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">37%</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">35%</FONT></TD>
  </TR>
  <TR>
    <TD width="64%"><font size="2" face="Arial, Helvetica, sans-serif">Others</font></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">3%</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">3%</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">4%</FONT></TD>
  </TR>
  <TR>
      <TD width="64%" bgcolor="#000099"><font color="#FFFFFF" size="2" face="Arial, Helvetica, sans-serif"><B>Revenues
        by Testing Type</B></font></TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="64%"><font size="2" face="Arial, Helvetica, sans-serif">Final
      test</font></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">82%</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">83%</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">86%</FONT></TD>
  </TR>
  <TR>
    <TD width="64%"><font size="2" face="Arial, Helvetica, sans-serif">Wafer
      sort</font></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">13%</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">11%</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">6%</FONT></TD>
  </TR>
  <TR>
    <TD width="64%"><FONT size=2 face="Arial, Helvetica, sans-serif">Engineering
      test</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">5%</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">6%</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">8%</FONT></TD>
  </TR>
  <TR>
      <TD width="64%" bgcolor="#000099"><font color="#FFFFFF" size="2" face="Arial, Helvetica, sans-serif"><B>Capacity</B></font></TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="64%"><FONT size=2 face="Arial, Helvetica, sans-serif">CapEx
      (US$ Millions) *</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">43</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">29</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">26</FONT></TD>
  </TR>
  <TR>
    <TD width="64%"><FONT size=2 face="Arial, Helvetica, sans-serif">Number
      of Testers</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">1,107</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">1,092</FONT></TD>
    <TD align="right" width="12%"><FONT size=2 face="Arial, Helvetica, sans-serif">1,048</FONT></TD>
  </TR>
</TABLE>
</div>
<blockquote>
  <p> <FONT size=2 face="Arial, Helvetica, sans-serif">* Capital expenditure
    amounts exclude building construction cost. </FONT> </p>
</blockquote>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr align="right">
    <td width="50%"><FONT size=2 face="Arial, Helvetica, sans-serif">5</FONT></td>
    <td width="50%"><FONT size=2 face="Arial, Helvetica, sans-serif">August
      6, 2003</FONT> </td>
  </tr>
</table>
<br>
<br>
<hr size=3 color=GRAY noshade>
<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 1; page: 1" -->
<br>
<br>
<P align="center"> <font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Advanced
  Semiconductor Engineering, Inc.</B></font></P>
<P align="center"><font size="2" face="Arial, Helvetica, sans-serif"><B>
  Consolidated Summary Income Statements Data</B></font></P>
<P align="center"><font size="2" face="Arial, Helvetica, sans-serif"><B>(In
  NT$ millions, except per share data)</B></font></P>
<P align="center"><font size="2" face="Arial, Helvetica, sans-serif"><B>(Unaudited)
  </B> </font></P>
<div align="center">
  <table cellpadding="0" cellspacing="0" border="0" width="90%">
    <tr valign="bottom">
      <th width="64%"></th>
      <th width="12%"></th>
      <th width="12%"></th>
      <th width="12%"></th>
    </tr>
    <tr valign="bottom">
      <td width="64%" align="left">&nbsp;</td>
      <td colspan="3" align="center"><font size="2" face="Arial, Helvetica, sans-serif">For
        the three months ended</font></td>
    </tr>
    <tr valign="bottom">
      <td width="64%" align="left">&nbsp;</td>
      <td colspan="3" align="right"><hr align="left" width=100% size=1 noshade color="#000000">
      </td>
    </tr>
    <tr valign="bottom">
      <td width="64%" align="left">&nbsp;</td>
      <td width="12%" align="center"><font size="2" face="Arial, Helvetica, sans-serif">Jun.
        30</font></td>
      <td width="12%" align="center"><font size="2" face="Arial, Helvetica, sans-serif">Mar.
        31</font></td>
      <td width="12%" align="center"><font size="2" face="Arial, Helvetica, sans-serif">Jun.
        30</font></td>
    </tr>
    <tr valign="bottom">
      <td width="64%" align="left">&nbsp;</td>
      <td width="12%" align="center"><font size="2" face="Arial, Helvetica, sans-serif">2003</font></td>
      <td width="12%" align="center"><font size="2" face="Arial, Helvetica, sans-serif">2003</font></td>
      <td width="12%" align="center"><font size="2" face="Arial, Helvetica, sans-serif">2002</font></td>
    </tr>
    <tr valign="bottom">
      <td width="64%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">Net
        revenues:</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;</font></td>
    </tr>
    <tr valign="bottom">
      <td width="64%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;&nbsp;Packaging</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">9,987</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">9,021</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">8,437</font></td>
    </tr>
    <tr valign="bottom">
      <td width="64%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;&nbsp;Testing</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">2,752</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">2,535</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">2,390</font></td>
    </tr>
    <tr valign="bottom">
      <td width="64%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;&nbsp;Others</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">34</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">28</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">1</font></td>
    </tr>
    <tr valign="bottom">
      <td width="64%" align="left">&nbsp;</td>
      <td width="12%" align="right"> <hr align="right" width=95% size=1 noshade color="#000000"></td>
      <td width="12%" align="right"> <hr align="right" width=95% size=1 noshade color="#000000"></td>
      <td width="12%" align="right"> <hr align="right" width=95% size=1 noshade color="#000000"></td>
    </tr>
    <tr valign="bottom">
      <td width="64%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">Total
        net revenues</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">12,773</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">11,584</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">10,828</font></td>
    </tr>
    <tr valign="bottom">
      <td align="left">&nbsp;</td>
      <td align="right"> <hr align="right" width=95% size=1 noshade color="#000000"></td>
      <td align="right"> <hr align="right" width=95% size=1 noshade color="#000000"></td>
      <td align="right"> <hr align="right" width=95% size=1 noshade color="#000000"></td>
    </tr>
    <tr valign="bottom">
      <td align="left">&nbsp;</td>
      <td align="right">&nbsp;</td>
      <td align="right">&nbsp;</td>
      <td align="right">&nbsp;</td>
    </tr>
    <tr valign="bottom">
      <td width="64%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">Cost
        of revenues</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">10,803</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">10,073</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">9,188</font></td>
    </tr>
    <tr valign="bottom">
      <td align="left">&nbsp;</td>
      <td align="right"> <hr align="right" width=95% size=1 noshade color="#000000"></td>
      <td align="right"> <hr align="right" width=95% size=1 noshade color="#000000"></td>
      <td align="right"> <hr align="right" width=95% size=1 noshade color="#000000"></td>
    </tr>
    <tr valign="bottom">
      <td width="64%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">Gross
        Profit</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">1,970</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">1,511</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">1,640</font></td>
    </tr>
    <tr valign="bottom">
      <td align="left">&nbsp;</td>
      <td align="right"> <hr align="right" width=95% size=1 noshade color="#000000"></td>
      <td align="right"> <hr align="right" width=95% size=1 noshade color="#000000"></td>
      <td align="right"> <hr align="right" width=95% size=1 noshade color="#000000"></td>
    </tr>
    <tr valign="bottom">
      <td width="64%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">Operating
        expenses: </font></td>
    </tr>
    <tr valign="bottom">
      <td width="64%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;&nbsp;Research
        and development</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">550</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">543</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">494</font></td>
    </tr>
    <tr valign="bottom">
      <td width="64%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;&nbsp;Selling,
        general and administrative</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">1,261</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">1,169</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">1,118</font></td>
    </tr>
    <tr valign="bottom">
      <td align="left">&nbsp;</td>
      <td align="right"> <hr align="right" width=95% size=1 noshade color="#000000"></td>
      <td align="right"> <hr align="right" width=95% size=1 noshade color="#000000"></td>
      <td align="right"> <hr align="right" width=95% size=1 noshade color="#000000"></td>
    </tr>
    <tr valign="bottom">
      <td width="64%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;&nbsp;Total
        operating expenses</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">1,811</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">1,712</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">1,612</font></td>
    </tr>
    <tr valign="bottom">
      <td align="left">&nbsp;</td>
      <td align="right"> <hr align="right" width=95% size=1 noshade color="#000000"></td>
      <td align="right"> <hr align="right" width=95% size=1 noshade color="#000000"></td>
      <td align="right"> <hr align="right" width=95% size=1 noshade color="#000000"></td>
    </tr>
    <tr valign="bottom">
      <td width="64%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">Operating
        income (loss)</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">159</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">(201)</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">28</font></td>
    </tr>
    <tr valign="bottom">
      <td align="left">&nbsp;</td>
      <td align="right"> <hr align="right" width=95% size=1 noshade color="#000000"></td>
      <td align="right"> <hr align="right" width=95% size=1 noshade color="#000000"></td>
      <td align="right"> <hr align="right" width=95% size=1 noshade color="#000000"></td>
    </tr>
    <tr valign="bottom">
      <td width="64%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">Net
        non-operating (income) expenses:</font></td>
    </tr>
    <tr valign="bottom">
      <td width="64%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;&nbsp;Interest
        expenses (income) - net</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">(153)</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">389</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">332</font></td>
    </tr>
    <tr valign="bottom">
      <td width="64%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;&nbsp;Foreign
        currency loss (gain) - net</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">25</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">14</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">262</font></td>
    </tr>
    <tr valign="bottom">
      <td width="64%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;&nbsp;Loss
        (income) on long-term investment</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">63</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">96</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">87</font></td>
    </tr>
    <tr valign="bottom">
      <td width="64%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;&nbsp;Loss
        (gain) on disposal of assets</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">415</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">54</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">32</font></td>
    </tr>
    <tr valign="bottom">
      <td width="64%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;&nbsp;Others</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">(52)</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">(43)</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">(306)</font></td>
    </tr>
    <tr valign="bottom">
      <td align="left">&nbsp;</td>
      <td align="right"> <hr align="right" width=95% size=1 noshade color="#000000"></td>
      <td align="right"> <hr align="right" width=95% size=1 noshade color="#000000"></td>
      <td align="right"> <hr align="right" width=95% size=1 noshade color="#000000"></td>
    </tr>
    <tr valign="bottom">
      <td width="64%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;&nbsp;Total
        non-operating expenses</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">298</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">510</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">407</font></td>
    </tr>
    <tr valign="bottom">
      <td align="left">&nbsp;</td>
      <td align="right"> <hr align="right" width=95% size=1 noshade color="#000000"></td>
      <td align="right"> <hr align="right" width=95% size=1 noshade color="#000000"></td>
      <td align="right"> <hr align="right" width=95% size=1 noshade color="#000000"></td>
    </tr>
    <tr valign="bottom">
      <td width="64%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">Income
        (loss) before tax</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">(139)</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">(711)</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">(379)</font></td>
    </tr>
    <tr valign="bottom">
      <td height="25" align="left">&nbsp;</td>
      <td align="right"> <hr align="right" width=95% size=1 noshade color="#000000"></td>
      <td align="right"> <hr align="right" width=95% size=1 noshade color="#000000"></td>
      <td align="right"> <hr align="right" width=95% size=1 noshade color="#000000"></td>
    </tr>
    <tr valign="bottom">
      <td align="left">&nbsp;</td>
      <td align="right">&nbsp;</td>
      <td align="right">&nbsp;</td>
      <td align="right">&nbsp;</td>
    </tr>
    <tr valign="bottom">
      <td width="64%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">Income
        tax expense (benefit)</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">(504)</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">(8)</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">(204)</font></td>
    </tr>
    <tr valign="bottom">
      <td align="left">&nbsp;</td>
      <td align="right"> <hr align="right" width=95% size=1 noshade color="#000000"></td>
      <td align="right"> <hr align="right" width=95% size=1 noshade color="#000000"></td>
      <td align="right"> <hr align="right" width=95% size=1 noshade color="#000000"></td>
    </tr>
    <tr valign="bottom">
      <td width="64%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">Net
        income (loss) before minority interest</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">365</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">(703)</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">(175)</font></td>
    </tr>
    <tr valign="bottom">
      <td height="25" align="left">&nbsp;</td>
      <td align="right"> <hr align="right" width=95% size=1 noshade color="#000000"></td>
      <td align="right"> <hr align="right" width=95% size=1 noshade color="#000000"></td>
      <td align="right"> <hr align="right" width=95% size=1 noshade color="#000000"></td>
    </tr>
    <tr valign="bottom">
      <td align="left">&nbsp;</td>
      <td align="right">&nbsp;</td>
      <td align="right">&nbsp;</td>
      <td align="right">&nbsp;</td>
    </tr>
    <tr valign="bottom">
      <td width="64%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">Minority
        interest</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">5</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">(355)</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">(249)</font></td>
    </tr>
    <tr valign="bottom">
      <td width="64%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">Net
        income (loss)</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">360</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">(348)</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">74</font></td>
    </tr>
    <tr valign="bottom">
      <td width="64%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">Per
        share data:</font></td>
    </tr>
    <tr valign="bottom">
      <td width="64%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">Earnings
        per common share</font></td>
    </tr>
    <tr valign="bottom">
      <td width="64%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;-
        Basic</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">NT$0.11</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">NT$(0.11)</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">NT$0.02</font></td>
    </tr>
    <tr valign="bottom">
      <td width="64%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;-
        Diluted</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">NT$0.11</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">NT$(0.11)</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">NT$0.02</font></td>
    </tr>
    <tr valign="bottom">
      <td width="64%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">Earnings
        per pro forma equivalent ADS</font></td>
    </tr>
    <tr valign="bottom">
      <td width="64%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;-
        Basic</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">US$0.017</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">US$(0.016)</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">US$0.003</font></td>
    </tr>
    <tr valign="bottom">
      <td width="64%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;-
        Diluted</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">US$0.017</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">US$(0.016)</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">US$0.003</font></td>
    </tr>
    <tr valign="bottom">
      <td width="64%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">Number
        of weighted average shares used</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">3,142,200</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">3,090,678&nbsp;</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">3,090,678</font></td>
    </tr>
    <tr valign="bottom">
      <td width="64%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">in
        the EPS calculation (in thousands)</font></td>
    </tr>
    <tr valign="bottom">
      <td width="64%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">Forex
        (NT$ per US$1)</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">34.70</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">34.65</font></td>
      <td width="12%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">34.61</font></td>
    </tr>
  </table>
</div>
<br>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr align="right">
    <td width="50%"><font size="2" face="Arial, Helvetica, sans-serif">6</font></td>
    <td width="50%"><FONT size=2 face="Arial, Helvetica, sans-serif">August
      6, 2003</FONT> </td>
  </tr>
</table>
<br>
<br>
<hr size=3 color=GRAY noshade>
<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 1; page: 1" -->
<br>
<br>
<P align="center"> <font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Advanced
  Semiconductor Engineering, Inc.</B></font></P>
<P align="center"><font size="2" face="Arial, Helvetica, sans-serif"><B>Consolidated
  Summary Income Statements Data</B></font></P>
<P align="center"><font size="2" face="Arial, Helvetica, sans-serif"><B>
  (In NT$ millions, except per share data) </B></font></P>
<P align="center"><font size="2" face="Arial, Helvetica, sans-serif"><B>(Unaudited)
  </B> </font></P>
<div align="center">
  <table cellpadding="0" cellspacing="0" border="0" width="90%">
    <tr valign="bottom">
      <th width="72%"></th>
      <th width="14%"></th>
      <th width="14%"></th>
    </tr>
    <tr valign="bottom">
      <td align="left">&nbsp;</td>
      <td colspan="2" align="center"><font size="2" face="Arial, Helvetica, sans-serif">For
        the six months ended</font></td>
    </tr>
    <tr valign="bottom">
      <td width="72%" align="left">&nbsp;</td>
      <td colspan="2" align="center"><hr align="left" width=100% size=1 noshade color="#000000">
      </td>
    </tr>
    <tr valign="bottom">
      <td width="72%" align="left">&nbsp;</td>
      <td width="14%" align="center"><font size="2" face="Arial, Helvetica, sans-serif">Jun.
        30</font></td>
      <td width="14%" align="center"><font size="2" face="Arial, Helvetica, sans-serif">Jun.
        30</font></td>
    </tr>
    <tr valign="bottom">
      <td width="72%" align="left">&nbsp;</td>
      <td width="14%" align="center"><font size="2" face="Arial, Helvetica, sans-serif">2003</font></td>
      <td width="14%" align="center"><font size="2" face="Arial, Helvetica, sans-serif">2002</font></td>
    </tr>
    <tr valign="bottom">
      <td width="72%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">Net
        revenues:</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;</font></td>
    </tr>
    <tr valign="bottom">
      <td width="72%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;&nbsp;Packaging</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">19,008</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">16,252</font></td>
    </tr>
    <tr valign="bottom">
      <td width="72%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;&nbsp;Testing</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">5,287</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">4,618</font></td>
    </tr>
    <tr valign="bottom">
      <td width="72%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;&nbsp;Others</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">62</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">2</font></td>
    </tr>
    <tr valign="bottom">
      <td align="left">&nbsp;</td>
      <td align="right"><hr align="right" width=95% size=1 noshade color="#000000">
      </td>
      <td align="right"><hr align="right" width=95% size=1 noshade color="#000000"></td>
    </tr>
    <tr valign="bottom">
      <td width="72%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">Total
        net revenues</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">24,357</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">20,872</font></td>
    </tr>
    <tr valign="bottom">
      <td align="left">&nbsp;</td>
      <td align="right"><hr align="right" width=95% size=1 noshade color="#000000">
      </td>
      <td align="right"><hr align="right" width=95% size=1 noshade color="#000000"></td>
    </tr>
    <tr valign="bottom">
      <td align="left">&nbsp;</td>
      <td align="right">&nbsp;</td>
      <td align="right">&nbsp;</td>
    </tr>
    <tr valign="bottom">
      <td width="72%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">Cost
        of revenues</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">20,876</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">17,984</font></td>
    </tr>
    <tr valign="bottom">
      <td align="left">&nbsp;</td>
      <td align="right"><hr align="right" width=95% size=1 noshade color="#000000">
      </td>
      <td align="right"><hr align="right" width=95% size=1 noshade color="#000000"></td>
    </tr>
    <tr valign="bottom">
      <td width="72%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">Gross
        Profit</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">3,481</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">2,888</font></td>
    </tr>
    <tr valign="bottom">
      <td align="left">&nbsp;</td>
      <td align="right"><hr align="right" width=95% size=1 noshade color="#000000">
      </td>
      <td align="right"><hr align="right" width=95% size=1 noshade color="#000000"></td>
    </tr>
    <tr valign="bottom">
      <td align="left">&nbsp;</td>
    </tr>
    <tr valign="bottom">
      <td width="72%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">Operating</font></td>
    </tr>
    <tr valign="bottom">
      <td width="72%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">expenses:</font></td>
    </tr>
    <tr valign="bottom">
      <td width="72%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;&nbsp;Research
        and development</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">1,093</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">916</font></td>
    </tr>
    <tr valign="bottom">
      <td width="72%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;&nbsp;Selling,
        general and administrative</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">2,430</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">2,170</font></td>
    </tr>
    <tr valign="bottom">
      <td align="left">&nbsp;</td>
      <td align="right"><hr align="right" width=95% size=1 noshade color="#000000">
      </td>
      <td align="right"><hr align="right" width=95% size=1 noshade color="#000000"></td>
    </tr>
    <tr valign="bottom">
      <td width="72%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;&nbsp;Total
        operating expenses</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">3,523</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">3,086</font></td>
    </tr>
    <tr valign="bottom">
      <td align="left">&nbsp;</td>
      <td align="right"><hr align="right" width=95% size=1 noshade color="#000000">
      </td>
      <td align="right"><hr align="right" width=95% size=1 noshade color="#000000"></td>
    </tr>
    <tr valign="bottom">
      <td width="72%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">Operating
        income (loss)</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">(42)</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">(198)</font></td>
    </tr>
    <tr valign="bottom">
      <td align="left">&nbsp;</td>
      <td align="right"><hr align="right" width=95% size=1 noshade color="#000000">
      </td>
      <td align="right"><hr align="right" width=95% size=1 noshade color="#000000"></td>
    </tr>
    <tr valign="bottom">
      <td align="left">&nbsp;</td>
      <td align="right">&nbsp;</td>
      <td align="right">&nbsp;</td>
    </tr>
    <tr valign="bottom">
      <td width="72%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">Net
        non-operating(income) expenses:</font></td>
    </tr>
    <tr valign="bottom">
      <td width="72%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;&nbsp;Interest
        expenses (income) - net</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">236</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">775</font></td>
    </tr>
    <tr valign="bottom">
      <td width="72%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;&nbsp;Foreign
        currency loss (gain) - net</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">39</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">265</font></td>
    </tr>
    <tr valign="bottom">
      <td width="72%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;&nbsp;Loss
        (income) on long-term investment</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">159</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">158</font></td>
    </tr>
    <tr valign="bottom">
      <td width="72%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;&nbsp;Loss
        (gain) on disposal of assets</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">469</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">48</font></td>
    </tr>
    <tr valign="bottom">
      <td width="72%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;&nbsp;Others</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">(95)</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">(448)</font></td>
    </tr>
    <tr valign="bottom">
      <td align="left">&nbsp;</td>
      <td align="right"><hr align="right" width=95% size=1 noshade color="#000000">
      </td>
      <td align="right"><hr align="right" width=95% size=1 noshade color="#000000"></td>
    </tr>
    <tr valign="bottom">
      <td width="72%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;&nbsp;Total
        non-operating expenses</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">808</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">798</font></td>
    </tr>
    <tr valign="bottom">
      <td align="left">&nbsp;</td>
      <td align="right"><hr align="right" width=95% size=1 noshade color="#000000">
      </td>
      <td align="right"><hr align="right" width=95% size=1 noshade color="#000000"></td>
    </tr>
    <tr valign="bottom">
      <td width="72%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">Income
        (loss) before tax</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">(850)</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">(996)</font></td>
    </tr>
    <tr valign="bottom">
      <td align="left">&nbsp;</td>
      <td align="right"><hr align="right" width=95% size=1 noshade color="#000000">
      </td>
      <td align="right"><hr align="right" width=95% size=1 noshade color="#000000"></td>
    </tr>
    <tr valign="bottom">
      <td align="left">&nbsp;</td>
      <td align="right">&nbsp;</td>
      <td align="right">&nbsp;</td>
    </tr>
    <tr valign="bottom">
      <td width="72%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">Income
        tax expense (benefit)</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">(512)</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">(313)</font></td>
    </tr>
    <tr valign="bottom">
      <td align="left">&nbsp;</td>
      <td align="right"><hr align="right" width=95% size=1 noshade color="#000000">
      </td>
      <td align="right"><hr align="right" width=95% size=1 noshade color="#000000"></td>
    </tr>
    <tr valign="bottom">
      <td width="72%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">Net
        income (loss) before minority interest</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">(338)</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">(683)</font></td>
    </tr>
    <tr valign="bottom">
      <td align="left">&nbsp;</td>
      <td align="right"><hr align="right" width=95% size=1 noshade color="#000000">
      </td>
      <td align="right"><hr align="right" width=95% size=1 noshade color="#000000"></td>
    </tr>
    <tr valign="bottom">
      <td align="left">&nbsp;</td>
      <td align="right">&nbsp;</td>
      <td align="right">&nbsp;</td>
    </tr>
    <tr valign="bottom">
      <td width="72%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">Minority
        interest</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">(350)</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">(526)</font></td>
    </tr>
    <tr valign="bottom">
      <td width="72%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">Net
        income (loss)</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">12</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">(157)</font></td>
    </tr>
    <tr valign="bottom">
      <td align="left">&nbsp;</td>
      <td align="right">&nbsp;</td>
      <td align="right">&nbsp;</td>
    </tr>
    <tr valign="bottom">
      <td width="72%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">Per
        share data:</font></td>
    </tr>
    <tr valign="bottom">
      <td width="72%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">Earnings
        per common share</font></td>
    </tr>
    <tr valign="bottom">
      <td width="72%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;-
        Basic</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">NT$0.004</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">NT$(0.05)</font></td>
    </tr>
    <tr valign="bottom">
      <td width="72%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;-
        Diluted</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">NT$0.004</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">NT$(0.05)</font></td>
    </tr>
    <tr valign="bottom">
      <td width="72%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">Earnings
        per pro forma equivalent ADS</font></td>
    </tr>
    <tr valign="bottom">
      <td width="72%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;-
        Basic</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">US$0.001</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">US$(0.007)</font></td>
    </tr>
    <tr valign="bottom">
      <td width="72%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;-
        Diluted</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">US$0.001</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">US$(0.007)</font></td>
    </tr>
    <tr valign="bottom">
      <td align="left">&nbsp;</td>
      <td align="right">&nbsp;</td>
      <td align="right">&nbsp;</td>
    </tr>
    <tr valign="bottom">
      <td width="72%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">Number
        of weighted average shares used</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">3,116,581</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">3,090,678</font></td>
    </tr>
    <tr valign="bottom">
      <td width="72%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">in
        the EPS calculation (in thousands)</font></td>
    </tr>
    <tr valign="bottom">
      <td align="left">&nbsp;</td>
      <td align="right">&nbsp;</td>
      <td align="right">&nbsp;</td>
    </tr>
    <tr valign="bottom">
      <td width="72%" align="left"><font size="2" face="Arial, Helvetica, sans-serif">Forex
        (NT$ per US$1)</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">34.67</font></td>
      <td width="14%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">34.83</font></td>
    </tr>
  </table>
</div>
<br>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr align="right">
    <td width="50%"><font size="2" face="Arial, Helvetica, sans-serif">7</font></td>
    <td width="50%"><FONT size=2 face="Arial, Helvetica, sans-serif">August
      6, 2003</FONT> </td>
  </tr>
</table>
<br>
<br>
<hr size=3 color=GRAY noshade>
<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 1; page: 1" -->
<br>
<br>
<P align="center"> <font size="2" face="Arial, Helvetica, sans-serif"><B>Advanced
  Semiconductor Engineering, Inc.</B></font></P>
<P align="center"><font size="2" face="Arial, Helvetica, sans-serif"><B>Consolidated
  Summary Balance Sheet Data</B></font></P>
<P align="center"><font size="2" face="Arial, Helvetica, sans-serif"><B>
  (In NT$ millions) </B></font></P>
<P align="center"><font size="2" face="Arial, Helvetica, sans-serif"><B>(Unaudited)
  </B> </font></P>
<TABLE width="100%" border=0 cellspacing=0 cellpadding=0>
  <TR>
    <TD>&nbsp;</TD>
    <TD align="center" colspan=2 width="21%"><FONT size=2 face="Arial, Helvetica, sans-serif">As
      of Jun. 30, 2003</FONT></TD>
    <TD width="2%">&nbsp;</TD>
    <TD align="center" width="22%"><FONT size=2 face="Arial, Helvetica, sans-serif">As
      of Mar. 31, 2003</FONT></TD>
    <TD width="2%">&nbsp;</TD>
  </TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD colspan=2><HR noshade size=1></TD>
    <TD>&nbsp;</TD>
    <TD><HR noshade size=1></TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD><FONT size=2 face="Arial, Helvetica, sans-serif">Current assets:</FONT></TD>
    <TD width="13%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="22%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
  </TR>
  <TR>
    <TD><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;&nbsp;Cash
      and cash equivalents</font></TD>
    <TD width="13%">&nbsp;</TD>
    <TD align="right" width="9%"><FONT size=2 face="Arial, Helvetica, sans-serif">11,526</FONT></TD>
    <TD width="2%">&nbsp;</TD>
    <TD align="right" width="22%"><FONT size=2 face="Arial, Helvetica, sans-serif">12,019</FONT></TD>
    <TD width="2%">&nbsp;</TD>
  </TR>
  <TR>
    <TD><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;&nbsp;Short-term
      investments</font></TD>
    <TD width="13%">&nbsp;</TD>
    <TD align="right" width="9%"><FONT size=2 face="Arial, Helvetica, sans-serif">3,063</FONT></TD>
    <TD width="2%">&nbsp;</TD>
    <TD align="right" width="22%"><FONT size=2 face="Arial, Helvetica, sans-serif">2,578</FONT></TD>
    <TD width="2%">&nbsp;</TD>
  </TR>
  <TR>
    <TD><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;&nbsp;Notes
      and accounts receivable</font></TD>
    <TD width="13%">&nbsp;</TD>
    <TD align="right" width="9%"><FONT size=2 face="Arial, Helvetica, sans-serif">9,027</FONT></TD>
    <TD width="2%">&nbsp;</TD>
    <TD align="right" width="22%"><FONT size=2 face="Arial, Helvetica, sans-serif">8,354</FONT></TD>
    <TD width="2%">&nbsp;</TD>
  </TR>
  <TR>
    <TD><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;&nbsp;Inventories</font></TD>
    <TD width="13%">&nbsp;</TD>
    <TD align="right" width="9%"><FONT size=2 face="Arial, Helvetica, sans-serif">3,537</FONT></TD>
    <TD width="2%">&nbsp;</TD>
    <TD align="right" width="22%"><FONT size=2 face="Arial, Helvetica, sans-serif">3,170</FONT></TD>
    <TD width="2%">&nbsp;</TD>
  </TR>
  <TR>
    <TD><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;&nbsp;Others</font></TD>
    <TD width="13%">&nbsp;</TD>
    <TD align="right" width="9%"><FONT size=2 face="Arial, Helvetica, sans-serif">7,078</FONT></TD>
    <TD width="2%">&nbsp;</TD>
    <TD align="right" width="22%"><FONT size=2 face="Arial, Helvetica, sans-serif">1,972</FONT></TD>
    <TD width="2%">&nbsp;</TD>
  </TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><HR noshade size=1></TD>
    <TD>&nbsp;</TD>
    <TD><HR noshade size=1></TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;&nbsp;Total</font></TD>
    <TD width="13%">&nbsp;</TD>
    <TD align="right" width="9%"><FONT size=2 face="Arial, Helvetica, sans-serif">34,231</FONT></TD>
    <TD width="2%">&nbsp;</TD>
    <TD align="right" width="22%"><FONT size=2 face="Arial, Helvetica, sans-serif">28,093</FONT></TD>
    <TD width="2%">&nbsp;</TD>
  </TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD><FONT size=2 face="Arial, Helvetica, sans-serif">Long-term
      investments</FONT></TD>
    <TD width="13%">&nbsp;</TD>
    <TD align="right" width="9%"><FONT size=2 face="Arial, Helvetica, sans-serif">6,474</FONT></TD>
    <TD width="2%">&nbsp;</TD>
    <TD align="right" width="22%"><FONT size=2 face="Arial, Helvetica, sans-serif">6,471</FONT></TD>
    <TD width="2%">&nbsp;</TD>
  </TR>
  <TR>
    <TD><FONT size=2 face="Arial, Helvetica, sans-serif">Properties
      &#150; net</FONT></TD>
    <TD width="13%">&nbsp;</TD>
    <TD align="right" width="9%"><FONT size=2 face="Arial, Helvetica, sans-serif">64,732</FONT></TD>
    <TD width="2%">&nbsp;</TD>
    <TD align="right" width="22%"><FONT size=2 face="Arial, Helvetica, sans-serif">64,504</FONT></TD>
    <TD width="2%">&nbsp;</TD>
  </TR>
  <TR>
    <TD><FONT size=2 face="Arial, Helvetica, sans-serif">Other assets</FONT></TD>
    <TD width="13%">&nbsp;</TD>
    <TD align="right" width="9%"><FONT size=2 face="Arial, Helvetica, sans-serif">9,312</FONT></TD>
    <TD width="2%">&nbsp;</TD>
    <TD align="right" width="22%"><FONT size=2 face="Arial, Helvetica, sans-serif">8,362</FONT></TD>
    <TD width="2%">&nbsp;</TD>
  </TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><HR noshade size=1></TD>
    <TD>&nbsp;</TD>
    <TD><HR noshade size=1></TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD><FONT size=2 face="Arial, Helvetica, sans-serif">Total assets</FONT></TD>
    <TD width="13%">&nbsp;</TD>
    <TD align="right" width="9%"><FONT size=2 face="Arial, Helvetica, sans-serif">114,749</FONT></TD>
    <TD width="2%">&nbsp;</TD>
    <TD align="right" width="22%"><FONT size=2 face="Arial, Helvetica, sans-serif">107,430</FONT></TD>
    <TD width="2%">&nbsp;</TD>
  </TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><HR noshade size=1></TD>
    <TD>&nbsp;</TD>
    <TD><HR noshade size=1></TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD><FONT size=2 face="Arial, Helvetica, sans-serif">Current liabilities:</FONT></TD>
    <TD width="13%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="22%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
  </TR>
  <TR>
    <TD><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;&nbsp;Short-term
      debts- revolving credit</font></TD>
    <TD width="13%">&nbsp;</TD>
    <TD align="right" width="9%"><FONT size=2 face="Arial, Helvetica, sans-serif">4,385</FONT></TD>
    <TD width="2%">&nbsp;</TD>
    <TD align="right" width="22%"><FONT size=2 face="Arial, Helvetica, sans-serif">6,720</FONT></TD>
    <TD width="2%">&nbsp;</TD>
  </TR>
  <TR>
    <TD><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;&nbsp;Short-term
      debts- current portion of long</font></TD>
    <TD width="13%"><FONT size=2 face="Arial, Helvetica, sans-serif">-term
      debts</FONT></TD>
    <TD align="right" width="9%"><FONT size=2 face="Arial, Helvetica, sans-serif">7,051</FONT></TD>
    <TD width="2%">&nbsp;</TD>
    <TD align="right" width="22%"><FONT size=2 face="Arial, Helvetica, sans-serif">5,996</FONT></TD>
    <TD width="2%">&nbsp;</TD>
  </TR>
  <TR>
    <TD><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;&nbsp;Short-term
      debts &#150; current portion of long-term</font></TD>
    <TD width="13%">&nbsp;</TD>
    <TD align="right" width="9%"><FONT size=2 face="Arial, Helvetica, sans-serif">5,378</FONT></TD>
    <TD width="2%">&nbsp;</TD>
    <TD align="right" width="22%"><FONT size=2 face="Arial, Helvetica, sans-serif">0</FONT></TD>
    <TD width="2%">&nbsp;</TD>
  </TR>
  <TR>
    <TD><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;&nbsp;bonds
      payable</font></TD>
    <TD width="13%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="22%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
  </TR>
  <TR>
    <TD><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;&nbsp;Notes
      and accounts payable</font></TD>
    <TD width="13%">&nbsp;</TD>
    <TD align="right" width="9%"><FONT size=2 face="Arial, Helvetica, sans-serif">4,155</FONT></TD>
    <TD width="2%">&nbsp;</TD>
    <TD align="right" width="22%"><FONT size=2 face="Arial, Helvetica, sans-serif">3,824</FONT></TD>
    <TD width="2%">&nbsp;</TD>
  </TR>
  <TR>
    <TD><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;&nbsp;Others</font></TD>
    <TD width="13%">&nbsp;</TD>
    <TD align="right" width="9%"><FONT size=2 face="Arial, Helvetica, sans-serif">8,203</FONT></TD>
    <TD width="2%">&nbsp;</TD>
    <TD align="right" width="22%"><FONT size=2 face="Arial, Helvetica, sans-serif">8,736</FONT></TD>
    <TD width="2%">&nbsp;</TD>
  </TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><HR noshade size=1></TD>
    <TD>&nbsp;</TD>
    <TD><HR noshade size=1></TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD><font size="2" face="Arial, Helvetica, sans-serif">&nbsp;&nbsp;&nbsp;Total</font></TD>
    <TD width="13%">&nbsp;</TD>
    <TD align="right" width="9%"><FONT size=2 face="Arial, Helvetica, sans-serif">29,172</FONT></TD>
    <TD width="2%">&nbsp;</TD>
    <TD align="right" width="22%"><FONT size=2 face="Arial, Helvetica, sans-serif">25,276</FONT></TD>
    <TD width="2%">&nbsp;</TD>
  </TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD><FONT size=2 face="Arial, Helvetica, sans-serif">Long-term
      debts</FONT></TD>
    <TD width="13%">&nbsp;</TD>
    <TD align="right" width="9%"><FONT size=2 face="Arial, Helvetica, sans-serif">30,442</FONT></TD>
    <TD width="2%">&nbsp;</TD>
    <TD align="right" width="22%"><FONT size=2 face="Arial, Helvetica, sans-serif">25,236</FONT></TD>
    <TD width="2%">&nbsp;</TD>
  </TR>
  <TR>
    <TD><FONT size=2 face="Arial, Helvetica, sans-serif">Long-term
      bond s payable</FONT></TD>
    <TD width="13%">&nbsp;</TD>
    <TD align="right" width="9%"><FONT size=2 face="Arial, Helvetica, sans-serif">0</FONT></TD>
    <TD width="2%">&nbsp;</TD>
    <TD align="right" width="22%"><FONT size=2 face="Arial, Helvetica, sans-serif">5,304</FONT></TD>
    <TD width="2%">&nbsp;</TD>
  </TR>
  <TR>
    <TD><FONT size=2 face="Arial, Helvetica, sans-serif">Other liabilities</FONT></TD>
    <TD width="13%">&nbsp;</TD>
    <TD align="right" width="9%"><FONT size=2 face="Arial, Helvetica, sans-serif">2,838</FONT></TD>
    <TD width="2%">&nbsp;</TD>
    <TD align="right" width="22%"><FONT size=2 face="Arial, Helvetica, sans-serif">2,814</FONT></TD>
    <TD width="2%">&nbsp;</TD>
  </TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><HR noshade size=1></TD>
    <TD>&nbsp;</TD>
    <TD><HR noshade size=1></TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD><FONT size=2 face="Arial, Helvetica, sans-serif">Total liabilities</FONT></TD>
    <TD width="13%">&nbsp;</TD>
    <TD align="right" width="9%"><FONT size=2 face="Arial, Helvetica, sans-serif">62,452</FONT></TD>
    <TD width="2%">&nbsp;</TD>
    <TD align="right" width="22%"><FONT size=2 face="Arial, Helvetica, sans-serif">58,630</FONT></TD>
    <TD width="2%">&nbsp;</TD>
  </TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD><FONT size=2 face="Arial, Helvetica, sans-serif">Minority interest</FONT></TD>
    <TD width="13%">&nbsp;</TD>
    <TD align="right" width="9%"><FONT size=2 face="Arial, Helvetica, sans-serif">9,686</FONT></TD>
    <TD width="2%">&nbsp;</TD>
    <TD align="right" width="22%"><FONT size=2 face="Arial, Helvetica, sans-serif">9,695</FONT></TD>
    <TD width="2%">&nbsp;</TD>
  </TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD><FONT size=2 face="Arial, Helvetica, sans-serif">Shareholders&#146;
      equity</FONT></TD>
    <TD width="13%">&nbsp;</TD>
    <TD align="right" width="9%"><FONT size=2 face="Arial, Helvetica, sans-serif">42,611</FONT></TD>
    <TD width="2%">&nbsp;</TD>
    <TD align="right" width="22%"><FONT size=2 face="Arial, Helvetica, sans-serif">39,105</FONT></TD>
    <TD width="2%">&nbsp;</TD>
  </TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><HR noshade size=1></TD>
    <TD>&nbsp;</TD>
    <TD><HR noshade size=1></TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD><FONT size=2 face="Arial, Helvetica, sans-serif">Total liabilities
      &amp; shareholders&#146; equity</FONT></TD>
    <TD width="13%">&nbsp;</TD>
    <TD align="right" width="9%"><FONT size=2 face="Arial, Helvetica, sans-serif">114,749</FONT></TD>
    <TD width="2%">&nbsp;</TD>
    <TD align="right" width="22%"><FONT size=2 face="Arial, Helvetica, sans-serif">107,430</FONT></TD>
    <TD width="2%">&nbsp;</TD>
  </TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><HR noshade size=1></TD>
    <TD>&nbsp;</TD>
    <TD><HR noshade size=1></TD>
    <TD>&nbsp;</TD>
  </TR>
</TABLE>
<P> <FONT size=2 face="Arial, Helvetica, sans-serif">8&nbsp;August
  6, 2003</FONT> </P>
<HR noshade align="center" width="100%" size=2>
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end

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
