Summary by Moomoo AI
Taiwan Semiconductor's Board of Directors has approved significant capital appropriations totaling $17.36 billion for advanced technology capacity expansion, packaging upgrades, and fab construction. The board also authorized a $5 billion capital injection into TSMC Global Ltd. to reduce foreign exchange hedging costs.The company announced a donation program of up to NT$4 billion to support semiconductor research and education at major Taiwanese universities and high schools. Additionally, to counter share dilution from Employee Restricted Stock Awards, the board approved a share buyback program for 3,249,000 common shares on the Taiwan Stock Exchange.TSMC continues to maintain its industry leadership, having deployed 288 distinct process technologies and manufactured 11,895 products for 528 customers in 2023, offering comprehensive advanced and specialty technology services across its global operations in Asia, Europe, and North America.
