Taiwan Electric Board of Directors today approved a capital budget of US$57.5 million (about NT$62.0262 billion) to build advanced processes, advanced packaging, mature processes or special process capacity, as well as factory building and factory facilities projects.
Taiwan Electric pointed out that the capital budget approved by the board of directors is mainly due to long-term production capacity planning based on market demand predictions and technical development blueprints, including advanced processes, advanced packaging, mature and special process capacity.
The Taiwan Electric Board of Directors also approved that it is not more than the NT$60 billion. The domestic market raised unsecured ordinary company debts in batches to support the financial needs of energy expansion and green related expenditures.
In order to reduce the cost of foreign exchange avoidance, the TAIR Board approved the increase of 100% of its holdings in subsidiary TSMC Global within the rating of no more than US$10 billion.