Taiwan Semiconductor Manufacturing Plans $30 Billion Capital Injection into Subsidiary to Reduce FX Hedging Expenses
Deep News
3 hours ago
According to a statement on the company's website, the board of Taiwan Semiconductor Manufacturing has approved a capital injection of up to $30 billion into its subsidiary TSMC Global to lower foreign exchange hedging costs. The board also approved the issuance of up to NT$60 billion ($1.9 billion) in unsecured corporate bonds in the domestic market in multiple tranches to support its capacity expansion and green initiatives. Additionally, it approved the distribution of a cash dividend of NT$6 per share for the fourth quarter of 2025. The board also ratified the promotion of Michael Wu and Geoffrey Yeap, currently serving as vice presidents of research and development, to senior vice presidents.
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