Taiwan Semiconductor Manufacturing (TSM) has released an update.
Taiwan Semiconductor Manufacturing Company Ltd. (TSMC) has reported robust financial results for the second quarter of 2024, with a net income of NT$247.85 billion and plans to distribute a NT$4.00 per share cash dividend in January 2025. Additionally, the board has approved substantial capital appropriations and investments to bolster future capacity and technology advancements, including a US$29.6 billion outlay for various upgrades and a US$7.5 billion injection into its Arizona subsidiary. The company also aims to incentivize key personnel through restricted stock awards and has announced a promotion within its executive team.
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