Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) board yesterday approved a higher cash dividend distribution of NT$7 per share on last year’s record high net profit of NT$334.25 billion (US$10.83 billion), according to a company statement.
The cash dividend is its highest in 21 years, although lower than the NT$8 per share estimated by HSBC analyst Steven Pelayo.
The Hsinchu-based chipmaker distributed a cash dividend of NT$6 per common share last year.
The board yesterday also approved the nomination of the firm’s co-CEOs Mark Liu (劉德音) and C.C. Wei (魏哲家) as candidates for the board of directors. They are to stand for election at an annual shareholders’ meeting on June 8.
The board also gave the go-ahead to the expansion of the board from nine seats to 10.
In addition, the board approved capital appropriation of about US$1.93 billion to upgrade advanced technology and expand advanced packaging capacity. TSMC plans to use the funds to help convert some logic technology capacity into specialty technology, while beefing up its research and development investment, the company said.
The board also approved capital injection of less than US$2 billion into TSMC Global Ltd, a wholly-owned British Virgin Islands-based subsidiary, with the aim of reducing foreign-exchange hedging costs.
Among the rows of vibrators, rubber torsos and leather harnesses at a Chinese sex toys exhibition in Shanghai this weekend, the beginnings of an artificial intelligence (AI)-driven shift in the industry quietly pulsed. China manufactures about 70 percent of the world’s sex toys, most of it the “hardware” on display at the fair — whether that be technicolor tentacled dildos or hyper-realistic personalized silicone dolls. Yet smart toys have been rising in popularity for some time. Many major European and US brands already offer tech-enhanced products that can enable long-distance love, monitor well-being and even bring people one step closer to
Malaysia’s leader yesterday announced plans to build a massive semiconductor design park, aiming to boost the Southeast Asian nation’s role in the global chip industry. A prominent player in the semiconductor industry for decades, Malaysia accounts for an estimated 13 percent of global back-end manufacturing, according to German tech giant Bosch. Now it wants to go beyond production and emerge as a chip design powerhouse too, Malaysian Prime Minister Anwar Ibrahim said. “I am pleased to announce the largest IC (integrated circuit) Design Park in Southeast Asia, that will house world-class anchor tenants and collaborate with global companies such as Arm [Holdings PLC],”
Sales in the retail, and food and beverage sectors last month continued to rise, increasing 0.7 percent and 13.6 percent respectively from a year earlier, setting record highs for the month of March, the Ministry of Economic Affairs said yesterday. Sales in the wholesale sector also grew last month by 4.6 annually, mainly due to the business opportunities for emerging applications related to artificial intelligence (AI) and high-performance computing technologies, the ministry said in a report. The ministry forecast that retail, and food and beverage sales this month would retain their growth momentum as the former would benefit from Tomb Sweeping Day
Thousands of parents in Singapore are furious after a Cordlife Group Ltd (康盛人生集團), a major operator of cord blood banks in Asia, irreparably damaged their children’s samples through improper handling, with some now pursuing legal action. The ongoing case, one of the worst to hit the largely untested industry, has renewed concerns over companies marketing themselves to anxious parents with mostly unproven assurances. This has implications across the region, given Cordlife’s operations in Hong Kong, Macau, Indonesia, the Philippines and India. The parents paid for years to have their infants’ cord blood stored, with the understanding that the stem cells they contained