TSMC has reported consolidated revenues of NT$70.16 billion (US$2.26 billion) for May 2015, representing a 15.4% increase on year but 6.9% decrease on month.

TSMC's revenues totaled NT$367.52 billion for the first five months of 2015, rising 35.7% from a year ago.

In other news, TSMC's board of directors has approved a capital appropriation in the amount of approximately US$1.45 billion for the purpose of installing advanced and specialty technology capacity, converting certain logic capacity to specialty technologies, and for R&D capital investments and sustaining capex in the third quarter. The board also approved a capital injection of up to US$2 billion to subsidiary TSMC Global for the purpose of reducing foreign exchange hedging costs.

At a board meeting held on June 10, Morris Chang was re-elected as chairman and FC Tseng as vice chairman of TSMC.

By: DocMemory
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