TSMC personnel adjustment capacity expansion Zhang Zhongmou as chairman

TSMC Tuesday afternoon held the tenth session of the board of directors for the first time, the board of directors elected Zhang Zhongmou as chairman and vice chairman of Fancheng once. In addition, the capital of the capital budget of $1 billion 200 million, in order to expand the production capacity of 6 inches, 8 inches and 14 inches of 12 inches.

TSMC spokesman He Limei, deputy director, said the board passed 5 important resolutions:

First, the approval of the capital budget of $966 million 300 thousand, in order to expand the chip factory plant 14, and an increase of 90 nm, 65 nm process capacity.

Two, approved the capital budget of $242 million 100 thousand to expand the production capacity of 6 inches and 8 inches factory.

Three, no more than $1 billion 300 million in approved quota, through overseas subsidiaries holding fixed income bond portfolio of the company are denominated in dollars, to reduce the company's cost of foreign exchange hedging. The establishment of the subsidiary is focused on the need for cash management of TSMC, rather than planning for other purposes. This amount is less than 20% of the company currently holds a cash deposit, it will not affect the company's normal capital operation. At the same time, the company will comply with the provisions of the government in the quarterly financial statements to disclose the investment targets and related information.

Four, approved the promotion of Dr. Sun Yuancheng and Dr. Xu Fujie appointment as deputy general manager of the company.

Five, approved the appointment of Peter Bong Faye (Sir Peter Bonfield), sir Resteso Lo (Lester Thurow) Professor, Mr. Stan Shih, Carly Fiorina (Carly Fiorina) served as a member of the audit committee of the company, and by Sir Peter Bong Faye served as chairman of the committee.