Summary by Futu AI
On November 12, 2024, Taiwan Semiconductor Manufacturing Company Ltd. (TSMC) conducted a Board of Directors meeting where several key resolutions were passed. The Board approved the 2024 third quarter Business Report and Financial Statements, which showed a consolidated revenue of NT$759.69 billion and a net income of NT$325.26 billion, resulting in diluted earnings per share of NT$12.54. Additionally, a cash dividend of NT$4.50 per share for the third quarter was approved, with a record date set for March 24, 2025, and payment to be made on April 10, 2025. The Board also sanctioned capital appropriations of approximately US$15.48 billion for various purposes including fab construction, advanced technology capacity, and R&D investments for 2025. Furthermore, the issuance of unsecured corporate bonds in the domestic market was approved, not to exceed NT$60 billion, to finance capacity expansion and pollution prevention expenditures. TSMC, a pioneer of the pure-play foundry business model, continues to lead the semiconductor industry with its extensive process technologies and product portfolio, serving a wide range of global customers and partners.