{"id":237884,"date":"2021-04-23T09:51:53","date_gmt":"2021-04-23T09:51:53","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=315449"},"modified":"2021-04-23T09:51:53","modified_gmt":"2021-04-23T09:51:53","slug":"tsmc-board-clears-2-9b-funding-move","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2021\/04\/23\/tsmc-board-clears-2-9b-funding-move\/","title":{"rendered":"TSMC board clears $2.9B funding move"},"content":{"rendered":"

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\tTaiwan-based contract chipmaker TSMC received board approval to increase capex by $2.9 billion to boost capacity, as it moves to alleviate supply shortages it expects to persist into 2022.<\/p>\n

CFO Wendell Huang last week said the company would nearly double capex [1] year-on-year to $30 billion, after previously allocating up to $28 billion. TSMC is bracing for customers increasing inventories and a resulting impact on capacity into 2022.<\/p>\n

It explained in a statement the additional funds were for\u00a0“installing mature technology capacity”.<\/p>\n

In a special meeting, the TSMC board also approved a proposal to issue more than 2.6 million common shares of restricted stock awards for 2021 to attract and retain executives. The move requires shareholder approval.<\/p>\n

TSMC previously outlined plans to invest $100 billion over the next three years to expand capacity.<\/p>\n

US chip company Intel last month\u00a0committed $20 billion [2] to increase its chip manufacturing facilities, including establishing a standalone foundry division.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/asia\/asia-news\/tsmc-warns-on-chip-shortages
\n[2] https:\/\/www.mobileworldlive.com\/featured-content\/home-banner\/intel-puts-20b-into-major-chip-manufacturing-move<\/p>\n\n

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Taiwan-based contract chipmaker TSMC received board approval to increase capex by $2.9 billion to boost …<\/p>\n

The post TSMC board clears $2.9B funding move<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":248,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"TSMC board clears $2.9B funding move - ITTeacherITFreelance.hk","description":"Taiwan-based contract chipmaker TSMC received board approval to increase capex by $2.9 billion to boost ... The post TSMC board clears $2.9B funding move appear"},"footnotes":""},"categories":[11,8,21],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/237884"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/248"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=237884"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/237884\/revisions"}],"predecessor-version":[{"id":237885,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/237884\/revisions\/237885"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=237884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=237884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=237884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}