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TSMC Increases Capital investments of US$3790M to Expand Advanced Technology Capacity

By Pual Liu
Published: Aug 03,2016

HSINCHU, Taiwan – TSMC announced yesterday that the company will increase its capital investments of approximately US$3,790.4 million to expand advanced technology capacity and 2016 Q4 R&D capital expenditures.

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TSMC yesterday held a meeting of the Board of Directors, which approved capital appropriations of approximately US$3,790.4 million for expansion of advanced technology capacity, and conversion of certain logic capacity to specialty technologies. And fourth quarter 2016 R&D capital investments and sustaining capital expenditures.

In addition, to simplify investment structure, the board also approved TSMC’s acquisition from VisEra Holding Company of 86.9% shareholding in VisEra Technologies Company Ltd. at the book value, and 6.9% shareholding in Xintec Inc. at the market price.

As a result, VisEra Holding Company will be dissolved and merged into TSMC Partners, Ltd., which is 100% owned by TSMC. After the transaction, TSMC will own 86.9% of VisEra Technologies Company Ltd. and 41.3% of Xintec Inc. directly, which are the same as what TSMC has held directly and indirectly prior to this transaction.

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