digitimes.com, Aug. 14, 2019 –
The board of Taiwan Semiconductor Manufacturing Company (TSMC) has approved capital appropriations of about US$6.5 billion for the construction of new fab facilities, installation, expansion and upgrade of advanced technology capacity, as well as installation of specialty technology capacity.
TSMC disclosed during an investor conference in July that capex this year will exceed US$11 billion, with the actual figure to be unveiled at its next investors meeting in October.
In addition, TSMC's board also approved the promotion of company deputy CFO Wendell Huang to VP, CFO and spokesperson effective September 1, 2019. Lora Ho, the current TSMC CFO, will be dedicated to supervising the pure-play foundry's Europe and Asia business.