National Development Fund Holds TSMC at Nearly Zero Cost, No Short-Term Divestment Plans

Taipei, April 13 (CNA) The National Development Fund (NDF) has long held shares in Taiwan Semiconductor Manufacturing Company (TSMC), with annual substantial dividends making it a "golden goose." National Development Council Deputy Minister Kao Hsien-kuei stated today during a legislative finance committee interpellation that, after accounting for stock and cash dividends, the NDF holds TSMC shares at "nearly zero cost." Considering TSMC as a crucial national semiconductor manufacturer and a core holding, there are no short-term plans for divestment.

TSMC, with its leading advanced process technology advantages and strong capital moat, firmly holds its position as the global wafer foundry leader. The NDF, as TSMC's single largest shareholder, has its holding attitude closely watched.

Kuomintang Legislator Lo Ming-tsai today questioned the NDF's cost of holding TSMC and its future plans at the legislative finance committee. Kao Hsien-kuei stated that after years of stock and cash dividends, the NDF holds TSMC at "nearly zero cost," currently holding about 6.5% of shares, with a market value of trillions of New Taiwan Dollars.

Lo Ming-tsai asked if, with TSMC's stock price reaching NT$2,000, there was any consideration of selling. Kao Hsien-kuei stated that TSMC is an important semiconductor manufacturer and plays a key role in the global supply chain, but TSMC is also a core holding of the NDF. Not only will it not be divested, but not a single share has been sold in recent years.

Kao Hsien-kuei emphasized that the NDF has relevant policies and principles for divestment. For TSMC, there are no short-term divestment plans. (Editor: Pan Yi-ching) 1150413