To increase the production capacity of advanced processes, packaging and special processes, TSMC approved a budget of more than NT $ 430 billion | TechNews Technology News



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Foundry leader TSMC announced that the board of directors approved on the 10th a resolution to allocate a cash dividend of NT $ 2.5 per share for the third quarter of 2020. In order to increase advanced manufacturing, specialty manufacturing and capacity advanced packaging, the approved capital budget was exceeded. 430.6 billion yuan. In addition, it also approved NT $ 3.555 billion to build a zero-waste manufacturing center in Zhongke, and approved a wholly-owned subsidiary in Arizona, USA, with a capital of 99.75 billion yuan.

Regarding the TSMC board meeting on the 10th, the important agreements are the following:

1. Approval of the distribution of cash dividends per share for the third quarter of 2020 of 2.5 RMB. The base date of the dividend for common shares is set at March 23, 2021 and the date of the ex-dividend transaction is March 17, 2021. Article 165 establishes that the transfer of common shares will stop within 5 days prior to the base date of the company’s decision to distribute dividends, that is, from March 19, 2021 to March 23, and the distribution will take place on April 15, 2021. In addition, the ex-dividend trading date of TSMC’s U.S. Certificates of Deposit listed on the New York Stock Exchange is also March 17, 2021, which is the same as common shares. The base date of dividends for the TSMC American Depositary Receipt is set for March 18, 2021.

2. The approved capital budget is approximately US $ 15.1 billion 9.1 million (approximately NT $ 430.6 billion, 934 million), which includes:
1. Develop and expand advanced process production capacity
2. Develop special process capacity
3. Create and upgrade advanced packaging capability
4. Plant construction, manufacturing facility engineering, and capitalized leased assets
5. R&D capital budget and recurring capital budget for the first quarter of 2021.

3. The approved capital budget is approximately US $ 124.7 million (NT $ 3.55 billion) to build a zero-waste manufacturing facility in Central Science Park.

4. Approval of the establishment of a wholly owned subsidiary in Arizona, USA, with paid capital of US $ 3.5 billion (approximately NT $ 99.75 billion).

5. Approve the following personnel promotion cases:
1. Promote the senior director of the company’s Eurasian business organization, Dr. You Qiushan, to deputy general manager.
2. Promote Dr. He Jun, senior director of the company’s quality and reliability organization, to deputy general manager.

(Source of first image: Photo by Technology News)





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