Taiwan Semiconductor Manufacturing Co. (TSMC) announced an increase in its cash dividend to NT$6 (US$0.19) per share for the third quarter, a rise from the previous quarter's NT$5 payout. This decision followed the report of a record high net profit of NT$452.3 billion for the third quarter. Analysts suggest this move is intended to enhance the stock's appeal to investors. In the same announcement, TSMC's board approved a substantial capital appropriation plan of approximately US$14.98 billion. These funds are earmarked for the installation and expansion of advanced technology and packaging capacity, the construction of new fabs, and for research and development. The company also finalized the sale of older machinery and equipment to Vanguard International Semiconductor Corporation as it repurposes facilities for next-generation technologies.
TSMC Boosts Shareholder Payouts and Approves US$14.98 Billion for Future Growth
TSM
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