Taiwan Semiconductor Manufacturing (TSM) unit TSMC Global has issued 10,000 shares at $1 million per share par value to its parent company, according to a 6-K regulatory filing Wednesday with the US Securities and Exchange Commission.
The aim of the issuance is to help hedge against forex swings, according to a Bloomberg report that cited a company statement.
The Taiwan dollar's recent gains have caused concerns among the country's exporters, according to the report.
Taiwan Semiconductor did not immediately reply to a request for comment from MT Newswires.
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