The board of Taiwan Semiconductor Manufacturing Company (TSMC) has approved capital appropriations of US$3.96 billion for expanding capacity for advanced-node manufacturing, and packaging and assembly, as well as construction of fab facilities and installation of facility systems, and first-quarter 2016 R&D capital investments and sustaining capital expenditures.

At its most-recent investors meeting, TSMC estimated capex for 2015 at US$8 billion, a downward revision from the previously-set US$10.5-11 billion. Capex for 2016 will be higher than 2015 levels, the company said.

TSMC reported NT$721.72 billion (US$22.1 billion) in consolidated revenues for the first 10 months of 2015, up 16.2% from a year earlier.

By: DocMemory
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