TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED TSMC (NYSE: TSM) today held a meeting of the Board of Directors, which passed the following resolutions:
1. Approved capital appropriations of approximately US$4,488.09 million for purposes including: 1) Construction of fab facilities; 2) Installation, expansion, and upgrade of advanced technology capacity; 3) Conversion of logic capacity to specialty technology capacity; 4) Conversion of mature technology capacity to specialty technology capacity; 5) Expansion and upgrade of specialty technology capacity; 6) Expansion of advanced packaging technology capacity; 7) Fourth quarter 2018 R&D capital investments and sustaining capital expenditures.
2. Approved the capital injection of not more than US$2 billion to TSMC Global Ltd., a wholly-owned BVI subsidiary, for the purpose of reducing foreign exchange hedging costs.
3. Approved the appointment of Dr. H.-S. Philip Wong as Vice President of TSMC. Dr. Wong will serve as Head of Corporate Research and report directly to Senior Vice President Dr. Y. J. Mii.
Profile of Dr. H.-S. Philip Wong:
Dr. H.-S. Philip Wong holds a Ph.D. degree in Electrical Engineering from Lehigh University, USA. Prior to joining TSMC, Dr. Wong was a Tenured Professor of Electrical Engineering at Stanford University, and also has 16 years of semiconductor industry experience in IBM.
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TSMC - Taiwan Semiconductor Manufacturing Company Ltd. published this content on 14 August 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 14 August 2018 09:25:08 UTC
