TSMC Board Approves NT$984.8 Billion Capital Budget for Factory Construction and Advanced Capacity Expansion

(Central News Agency reporter Chang Chien-chung, Hsinchu 12th) TSMC's board of directors today approved a capital budget of US$31.2843 billion, approximately NT$984.8 billion, for the construction of advanced process capacity and factory facility engineering.

At the same time, TSMC's board of directors also approved an capital increase of up to US$20 billion for its wholly-owned subsidiary, TSMC Arizona.

Regarding the capital budget of US$31.2843 billion, approximately NT$984.8 billion, approved by the board of directors, TSMC stated that it is mainly to meet the long-term capacity planning based on market demand forecasts and technology development roadmaps, including the construction of advanced process capacity, factory construction, and factory facility engineering.

In addition, TSMC's board of directors approved four personnel promotions: Li Chun-hsien, Vice President of Corporate Planning Organization, was promoted to Senior Vice President; Wu Yi-huang, Senior Director of Quality and Reliability Organization, was promoted to Vice President; Ku Yao-chin, Senior Director of Nanometer Imaging Technology Development in Research and Development Organization, was promoted to Vice President; and Lu Chin-sheng, Senior Director of Smart Manufacturing Center in Operations Organization, was promoted to Vice President. (Editor: Lin Shu-yuan) 1150512

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