Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said that its board of directors has approved the issuance of US$1 billion of unsecured bonds in Taiwan and up to US$8 billion of bonds in the US to fund its capacity expansion.
The chipmaker told investors last month that it plans to invest US$8 billion in a 12-inch fab in Arizona over the next three years, a part of its US$12 billion investment in the US from this year to 2029.
The Arizona fab is under construction and is to start producing 5-nanometer chips in the first quarter of 2024, it said.
Photo: Bloomberg
TSMC has raised its capital spending for this year to US$30 billion, with 80 percent of the amount earmarked for advanced technology capacity expansion that includes 3-nanometer, 5-nanometer and 7-nanometer technologies in Taiwan.
The board approved capital appropriations of about US$17.57 billion for the installation of advanced, mature and specialty technology capacity, as well as the installation and upgrade of advanced packaging capacity, TSMC said in a statement.
The funds will also cover research and development, and capital expenditure for next quarter.
The directors also ratified a donation of 5 million doses of the Pfizer-BioNTech COVID-19 vaccine to the Centers for Disease Control to help curb a domestic virus outbreak.
The overall cost of the donation is estimated at US$175 million, including vaccine procurement, cold-chain logistics, handling services and insurance, it said.
The board also approved a proposal to pay a cash dividend of NT$2.75 per share for the second quarter of this year.
In a separate statement, TSMC said its revenue contracted 16.1 percent to NT$124.56 billion (US$4.48 billion) last month from NT$148.47 billion in June.
On an annual basis, revenue expanded 17.5 percent from NT$105.96 billion.
Consolidated revenue expanded 18.1 percent to NT$859.11 billion in the first seven months of this year, compared with NT$727.26 billion in the same period last year.
On Ireland’s blustery western seaboard, researchers are gleefully flying giant kites — not for fun, but in the hope of generating renewable electricity and sparking a “revolution” in wind energy. “We use a kite to capture the wind and a generator at the bottom of it that captures the power,” said Padraic Doherty of Kitepower, the Dutch firm behind the venture. At its test site in operation since September 2023 near the small town of Bangor Erris, the team transports the vast 60-square-meter kite from a hangar across the lunar-like bogland to a generator. The kite is then attached by a
Foxconn Technology Co (鴻準精密), a metal casing supplier owned by Hon Hai Precision Industry Co (鴻海精密), yesterday announced plans to invest US$1 billion in the US over the next decade as part of its business transformation strategy. The Apple Inc supplier said in a statement that its board approved the investment on Thursday, as part of a transformation strategy focused on precision mold development, smart manufacturing, robotics and advanced automation. The strategy would have a strong emphasis on artificial intelligence (AI), the company added. The company said it aims to build a flexible, intelligent production ecosystem to boost competitiveness and sustainability. Foxconn
Leading Taiwanese bicycle brands Giant Manufacturing Co (巨大機械) and Merida Industry Co (美利達工業) on Sunday said that they have adopted measures to mitigate the impact of the tariff policies of US President Donald Trump’s administration. The US announced at the beginning of this month that it would impose a 20 percent tariff on imported goods made in Taiwan, effective on Thursday last week. The tariff would be added to other pre-existing most-favored-nation duties and industry-specific trade remedy levy, which would bring the overall tariff on Taiwan-made bicycles to between 25.5 percent and 31 percent. However, Giant did not seem too perturbed by the
TARIFF CONCERNS: Semiconductor suppliers are tempering expectations for the traditionally strong third quarter, citing US tariff uncertainty and a stronger NT dollar Several Taiwanese semiconductor suppliers are taking a cautious view of the third quarter — typically a peak season for the industry — citing uncertainty over US tariffs and the stronger New Taiwan dollar. Smartphone chip designer MediaTek Inc (聯發科技) said that customers accelerated orders in the first half of the year to avoid potential tariffs threatened by US President Donald Trump’s administration. As a result, it anticipates weaker-than-usual peak-season demand in the third quarter. The US tariff plan, announced on April 2, initially proposed a 32 percent duty on Taiwanese goods. Its implementation was postponed by 90 days to July 9, then
RSS