November 9, 2011 — Taiwan Semiconductor Manufacturing Company (TSMC, NYSE:TSM) Board of Directors have approved about $1,061.4 million in capital expenditures to grow advanced technology process capacity. The funds will also be used to build and expand 12" GigaFab facilities.
The TSMC Board of Directors meeting also led to approvals on R&D capital appropriations and 2012 sustaining capital appropriations of $233.9 million.
Also read: Gartner: 2011 capex softer, 2012 messy
TSMC is a dedicated IC foundry with businesses in the solar and light emitting diode (LED) manufacturing industries as well. Learn more at www.tsmc.com.