Taiwan Semiconductor Hikes Dividend, Approves $15 Billion Spending Plan For New Chip Factories

Benzinga

TSMC raised its quarterly dividend 20% after reporting record profit and approving a nearly $15 billion capital plan to expand advanced chip capacity. The $1.5 trillion chipmaker, a key supplier to Nvidia and Apple, has gained over 47% this year.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Taiwan Semiconductor raises third-quarter cash dividend 20% to about 19 cents per share,

00:08signaling financial stability and profitability to investors, according to Benzinga.

00:12The company approved the dividend increase after reporting record quarterly net profit

00:16of about $14.56 billion, roughly 56 cents per share, for July through September.

00:22Chairman C.C. Wei will receive about $1.39 million of dividends,

00:25while the National Development Fund will collect roughly $320 million as the company's largest shareholder.

00:31TSMC's board approved a $14.98 billion capital plan to expand advanced and specialty technology capacity,

00:39build new fabs, and support research and development.

00:42A $1.5 trillion company stock is up more than 47% this year as a key supplier to NVIDIA and Apple.

00:49For all things money, visit Benzinga.com.

Category

Transcript

Be the first to comment

Recommended