National Development Fund Holds TSMC Shares at Nearly Zero Cost, No Short-Term Divestment Plans
Taiwan's National Development Fund announced it holds TSMC shares at "almost zero cost" due to long-term stock and cash dividends. Despite TSMC's high stock price, the fund, being TSMC's largest single shareholder with approximately 6.5% ownership valued at trillions of NTD, has no short-term plans to divest. This decision underscores TSMC's critical role as a national semiconductor industry leader and a core strategic holding.
📋 Article Processing Timeline
- 📰 Published: April 13, 2026 at 15:53
- 🔍 Collected: April 13, 2026 at 16:01 (8 min after Published)
- 🤖 AI Analyzed: April 13, 2026 at 16:11 (9 min after Collected)
(Taipei, April 13, Central News Agency reporter Pan Tzu-hsuan) The National Development Fund has long held TSMC shares, receiving substantial annual dividends, making it a "golden goose." National Development Council Deputy Minister Kao Hsien-kuei stated today during a legislative finance committee inquiry that, after accounting for stock and cash dividends, the National Development Fund's holdings in TSMC are at "almost zero cost." Considering TSMC is a crucial national semiconductor manufacturer and a core holding, there are no short-term plans for divestment.
TSMC has solidified its position as the global foundry leader, building a moat with its advanced process technology leadership and strong capital. The National Development Fund, as TSMC's largest single shareholder, has its holding strategy closely watched.
KMT legislator Luo Ming-tsai today inquired at the legislative finance committee about the National Development Fund's cost and future plans for its TSMC holdings. Kao Hsien-kuei responded that after years of stock and cash dividends, the National Development Fund's holdings in TSMC are at "almost zero cost," currently holding about 6.5%, with a market value of trillions of New Taiwan Dollars.
Luo Ming-tsai asked if selling shares was considered, given TSMC's stock price had reached the NT$2000 level. Kao Hsien-kuei stated that TSMC is a crucial semiconductor manufacturer and plays a key role in the global supply chain. However, TSMC is also a core holding of the National Development Fund, and not only will it not be divested, but not a single share has been sold in recent years.
Kao Hsien-kuei emphasized that the National Development Fund has relevant policies and principles for divesting shares, and for TSMC, there are no short-term divestment plans. (Editor: Pan Yi-ching) 1150413
Stand with facts, every sponsorship is a force to protect press freedom.
Download the Central News Agency "First-hand News" APP to stay updated with the latest news.
The text, images, and videos on this website may not be reproduced, publicly broadcast, or publicly transmitted and used without authorization.
TSMC has solidified its position as the global foundry leader, building a moat with its advanced process technology leadership and strong capital. The National Development Fund, as TSMC's largest single shareholder, has its holding strategy closely watched.
KMT legislator Luo Ming-tsai today inquired at the legislative finance committee about the National Development Fund's cost and future plans for its TSMC holdings. Kao Hsien-kuei responded that after years of stock and cash dividends, the National Development Fund's holdings in TSMC are at "almost zero cost," currently holding about 6.5%, with a market value of trillions of New Taiwan Dollars.
Luo Ming-tsai asked if selling shares was considered, given TSMC's stock price had reached the NT$2000 level. Kao Hsien-kuei stated that TSMC is a crucial semiconductor manufacturer and plays a key role in the global supply chain. However, TSMC is also a core holding of the National Development Fund, and not only will it not be divested, but not a single share has been sold in recent years.
Kao Hsien-kuei emphasized that the National Development Fund has relevant policies and principles for divesting shares, and for TSMC, there are no short-term divestment plans. (Editor: Pan Yi-ching) 1150413
Stand with facts, every sponsorship is a force to protect press freedom.
Download the Central News Agency "First-hand News" APP to stay updated with the latest news.
The text, images, and videos on this website may not be reproduced, publicly broadcast, or publicly transmitted and used without authorization.