Taiwan Semiconductor Manufacturing : TSMC Board Approves $15.1 Billion Capital Expenditure

By Kosaku Narioka

Taiwan Semiconductor Manufacturing Co. said its board approved capital expenditure of about US$15.1 billion to expand capacity and fund other initiatives.

TSMC's board also approved an investment to establish a wholly-owned subsidiary in Arizona with a paid-in capital of US$3.5 billion.

The Taiwanese semiconductor maker's statement late Tuesday said the board declared a dividend of 2.5 New Taiwan dollars (9 cents) per share for the third quarter.

Write to Kosaku Narioka at [e-mail]

(END) Dow Jones Newswires

11-10-20 1943ET