TSMC to expand its business scope in LED production

TSMC recently held a meeting of the Board of Directors, which passed the following resolutions:

1. Approved capital appropriations of US$1,972.3 million to expand advanced process technology capacity at 12-inch fabs.

2. Approved capital appropriations of US$369 million to continue construction of Fab 15.

3. Approved capital appropriations of US$258.1 million to provide specialty technology capacity.

4. Approved a capital injection of no more than US$225 million into TSMC China Company Limited.

5. Approved the increase of TSMC’s 2010 R&D and sustaining capital appropriation to US$678.73 million from US$534.63 million.

6. Approved capital appropriations of US$319.6 million to develop new businesses, including US$101.6 million for a LED production line and US$218 million to construct a fab for the production of thin-film solar photovoltaic modules.

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