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Investing.com -- Taiwan Semiconductor Manufacturing Company’s board of directors has approved a capital injection of up to $10 billion to its unit TSMC Global to reduce foreign exchange hedging costs.
The board also approved the issuance of unsecured corporate bonds worth up to NT$60 billion in multiple offerings in the domestic market. These funds will be used to finance capacity expansion and green initiatives.
In addition, TSMC will distribute a NT$5 per share cash dividend for the second quarter of 2025.
The semiconductor manufacturer’s board approved capital appropriations of approximately $20.7 billion for various purposes including the installation of advanced technology capacity, advanced packaging, mature and specialty technology capacity, fab construction, and installation of fab facility systems.
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