TSMC Board Approves Expansion of 45 Nanometer Capacity
TSMC’s (NYSE: TSM) Board of Directors today approved capital appropriation of US$205 million for expanding 45 nanometer process capacity in Fab 12.
TSMC’s Vice President and Chief Financial Officer, Ms. Lora Ho, said other major conclusions of the Board meeting were as follows:
1. Approved a proposal setting the number of directors of TSMC’s Board of Directors at eight.
2. Approved a capital increase to reflect the issuance of 3,271,373 new TSMC common shares as a result of employees exercising their stock options, and set May 15, 2007 as the record date for the capital increase.
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