TSMC Board of Directors Meeting Resolutions
HSINCHU, Taiwan, R.O.C., Aug. 13, 2024 – The TSMC (TWSE: 2330, NYSE: TSM) Board of Directors today held a meeting, which passed the following resolutions:
1. Approved the 2024 second quarter Business Report and Financial Statements. Second quarter consolidated revenue totaled NT$673.51 billion and net income was NT$247.85 billion, with diluted earnings per share of NT$9.56.
2. Approved the distribution of a NT$4.00 per share cash dividend for the second quarter of 2024, and set December 18, 2024 as the record date for common stock shareholders entitled to participate in this cash dividend distribution, and the ex-dividend date for the common shares shall be December 12, 2024. As required by Article 165 of Taiwan’s Company Law, the shareholders’ register shall be closed for five days prior to the record date (December 14 through December 18, 2024) for registration transfer, and the dividend will be paid on January 9, 2025. In addition, the ex-dividend date for TSMC American Depositary Shares (ADSs) will be December 12, 2024. Beginning May 28, 2024, the New York Stock Exchange has shortened the securities settlement cycle from two business days to one business day, and the record date for TSMC ADSs entitled to participate in this cash dividend distribution will also be December 12, 2024.
3. 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$29,615.47 million for purposes including: 1) Installation and upgrade of advanced technology capacity; 2) Installation and upgrade of advanced packaging, mature and/or specialty technology capacity; 3) Fab construction, and installation of fab facility systems.
4. Approved the capital injection of not more than US$7.5 billion to TSMC Arizona, a wholly-owned subsidiary of TSMC.
5. To attract and retain corporate executives and critical talents and to link their compensation with shareholders’ interests and ESG achievements, the board approved the issuance of 2,353,000 shares of 2024 employee restricted stock awards (RSAs).
6. Approved the promotion of Materials Management Organization Senior Director Ms. Vanessa Lee to Vice President.
