[News] TSMC Board Approves USD 17 billion Investment to Boost Capacity, No Update on U.S. Expansion Plans

With the world watching, TSMC has unveiled its board meeting decisions. According to its press release, the chip giant has greenlit a massive US$17 billion investment to boost production capacity.

Reports hinted that TSMC might unveil plans for a third Arizona fab, a potential fourth fab, or its first advanced packaging plant after the board meeting. However, no updates have been confirmed yet.

According to TSMC, to meet long-term capacity plans based on market demand forecasts and TSMC’s technology development roadmap, the board approved capital appropriations of approximately US$17,141.40 million for the following purposes: installation and upgrade of advanced technology capacity, installation and upgrade of advanced packaging, mature and/or specialty technology capacity, fab construction, and installation of fab facility systems.

TSMC stated in its earnings call in mid-January that its capital expenditures for 2025 would be in the range of USD 38-42 billion, indicating an up to 40% year-over-year increase.

At the board meeting, TSMC also approved the 2024 business report and financial statements. Its consolidated revenue totaled NT$2,894.31 billion and net income was NT$1,173.27 billion, with diluted earnings per share of NT$45.25.

Meanwhile, it approved the distribution of a NT$4.50 per share cash dividend for the fourth quarter of 2024, and set June 18, 2025 as the record date for common stock shareholders entitled to participate in this cash dividend distribution.

Additionally, the company approved the promotion of Human Resources Organization Senior Director Mr. P.H. Chen to Vice President.

(Photo credit: TSMC)