TSMC's board of directors today approved a quarterly capital budget of approximately US$9,421.48 million (approximately NT$2,953.).9.5 billion yuan), which will be used to build advanced processes, advanced packaging, and mature special process production capacity; Plant construction and plant works, including the construction of a zero waste manufacturing centre in the Southern Science Park and capitalization of leased assets.
TSMC's board of directors also approved a capital increase in Japan's JAS within a limit of not more than US$5,262 million; Approved a 100% capital increase of its Arizona subsidiary, TSMC Arizona in the U.S., with a limit not exceeding US$5 billion. Approved a 100% capital increase in TSMC Global, a subsidiary with a minimum of US$3 billion, to reduce foreign exchange hedging costs.
In order to attract and retain the company's senior executives and key talents, and link their rewards and rewards with shareholder interests and ESG (environmental, social, and governance) results, TSMC's board of directors today approved the issuance of a total of 2,960 thousand new shares with restricted employee rights in 2023, an increase of about 4% from 2,110 thousand shares in 2022.
In addition, TSMC's board of directors also approved the issuance of no more than 418The 2024 new shares of 50,000 shares restricting employees' rights will be sent to the 2024 general meeting of shareholders for approval.
TSMC's board of directors also approved the convening of the 2024 annual meeting of shareholders, which is scheduled to be held at 9 a.m. on June 4 at the Ambassador Hotel in Hsinchu, at which a total of 10 directors, including 7 independent directors, will be re-elected.