TSMC Board of Directors Meeting Resolutions
Hsinchu, Taiwan, R.O.C. – Aug 12, 2014 –TSMC (NYSE: TSM) today held a meeting of the Board of Directors, which passed the following resolutions:
1. Approved capital appropriations of US$3,054.7 million for expansion of advanced capacity, conversion of certain logic capacity to specialty technologies, building and facility installation as well as capacity setup for advanced packaging and assembly, and fourth quarter 2014 R&D capital appropriations and sustaining capital appropriations.
2. Approved the capital injection of not more than US$2 billion to TSMC Global Ltd., a wholly-owned BVI subsidiary, for the purpose of reducing foreign exchange hedging costs.
3. Appointed General Counsel Ms. Sylvia Fang and Director of Human Resources Ms. Connie Ma as Vice Presidents of TSMC, effective August 12, 2014.
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