TSMC Board of Directors Proposes NT$8 Cash Dividend per Share
Hsinchu, Taiwan, R.O.C. – February 13, 2018 – The TSMC (NYSE: TSM) Board of Directors today adopted a proposal recommending distribution of a NT$8 cash dividend per common share. The proposal is scheduled to be discussed and decided at the Company’s Annual General Meeting (AGM) in the morning of June 5, 2018.
TSMC’s Spokesperson and Senior Vice President, Ms. Lora Ho, said that at its meeting today the Board of Directors:
1. Approved the 2017 Business Report and Financial Statements. Consolidated revenue totaled NT$977.45 billion and net income was NT$343.11 billion, with diluted earnings per share of NT$13.23.
2. Proposed the distribution of a cash dividend of NT$8 per common share and submitted the proposal for approval by the 2018 AGM. The Board of Directors also approved distribution of employees’ cash bonus and profit sharing bonus totaling approximately NT$46,038.16 million. This includes cash bonus of NT$23,019.08 million distributed following each quarter of 2017 and profit sharing bonus of NT$23,019.08 million to be distributed in July 2018.
3. Approved capital appropriation of approximately US$2,834 million for purposes including: 1) Installation, upgrading and expanding advanced technology capacity; 2) Conversion of logic capacity to specialty technology; 3) Second quarter 2018 R&D capital investments and sustaining capital expenditures.
4. Approved the convening of the 2018 AGM for 9:00 a.m. on June 5, 2018 at TSMC’s Fab 12A headquarters (No. 8, Li-Hsin Rd. 6, Hsinchu Science Park, Hsinchu, Taiwan), at which shareholders will hold an election for TSMC’s nine-member Board of Directors, including five independent directors.
5. Approved the following personnel promotions:
- Promoted Operations Organization’s Senior Fab Director of Fab 12B and TSMC Fellow Dr. T.S. Chang to Vice President
- Promoted R&D Organization’s Senior Director of N3 Platform Development Division Dr. Michael Wu to Vice President
- Promoted R&D Organization’s Senior Director of Pathfinding Division Dr. Min Cao to Vice President
6. In gratitude to Dr. Morris Chang, conferred on Dr. Chang the title of “Founder” beginning June 5, 2018.
|
Related News
- TSMC Board of Directors Proposes NT$3.0 Cash Dividend Per Share
- TSMC Shareholders Approve NT$8 Cash Dividend and Elect Board of Directors; Board of Directors Elect Mark Liu as Chairman and C.C. Wei as CEO and Vice Chairman
- M31 earned NT$12.16 per share in 2022 and approved dividend of NT$8 in cash and NT$1 equivalent in stock
- TSMC Board of Directors Proposes NT$2.5 Dividend
- Broadcom Proposes to Acquire Qualcomm for $70.00 per Share in Cash and Stock in Transaction Valued at $130 Billion
Breaking News
- Keysight, Synopsys, and Ansys Deliver Radio Frequency Design Migration Flow to TSMC's N6RF+ Process Node
- Siemens collaborates with TSMC on design tool certifications for the foundry's newest processes and other enablement milestones
- Leveraging Cryogenics and Photonics for Quantum Computing
- Kalray Joins Arm Total Design, Extending Collaboration with Arm on Accelerated AI Processing
- Credo at TSMC 2024 North America Technology Symposium
Most Popular
- Huawei Mate 60 Pro processor made on SMIC 7nm N+2 process
- Silicon Creations Reaches Milestone of 10 Million Wafers in Production with TSMC
- GUC provides 3DIC ASIC total service package to AI/HPC/Networking customers
- Analog Bits to Demonstrate Numerous Test Chips Including Portfolio of Power Management and Embedded Clocking and High Accuracy Sensor IP in TSMC N3P Process at TSMC 2024 North America Technology Symposium
- Alphawave Semi: FY 2023 and 2024 YTD Trading Update and Notice of Results
E-mail This Article | Printer-Friendly Page |