TSMC Details Resolutions from Board of Directors Meeting 

HSINCHU, Taiwan, Feb. 14, 2023 -- TSMC today held a meeting of the Board of Directors, which passed the following resolutions:

• Approved the 2022 Business Report and Financial Statements. Consolidated revenue totaled NT$2,263.89 billion and net income was NT$1,016.53 billion, with diluted earnings per share of NT$39.20.
• Approved the distribution of a NT$2.75 per share cash dividend for the fourth quarter of 2022, and set June 21, 2023 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 June 15, 2023. As required by Article 165 of Taiwan’s Company Law, the shareholders’ register shall be closed for five days prior to the record date (June 17 through June 21, 2023) for registration transfer, and the dividend will be paid on July 13, 2023. In addition, the ex-dividend date for TSMC American Depositary Shares (ADSs) will be June 15, 2023. The record date for TSMC ADSs entitled to participate in this cash dividend distribution will be June 16, 2023.
• Approved distribution of employees’ business performance bonus and profit sharing totaling approximately NT$121,404.00 million for 2022. This includes business performance bonus of NT$60,702.00 million distributed following each quarter of 2022 and profit sharing of NT$60,702.00 million to be distributed in July 2023.
• Approved capital appropriations of approximately US$6,959.5 million for purposes including: 1) Installation and upgrade of advanced technology capacity; 2) Installation of specialty technology capacity; 3) Fab construction, and installation of fab facility systems.
• Approved the capital injection of not more than US$3.5 billion to TSMC Arizona, a wholly-owned subsidiary of TSMC.
• Approved the issuance of unsecured corporate bonds in the domestic market for an amount not to exceed NT$60 billion to finance TSMC’s capacity expansion and/or pollution prevention related expenditures.
• 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 2,110,000 shares of 2022 employee restricted stock awards (RSAs). In addition, the board approved the issuance of no more than 6,249,000 common shares of RSAs for the year 2023, which will be submitted to the 2023 Annual Shareholders’ Meeting for approval.
• Approved the renaming of “Audit Committee” to “Audit and Risk Committee”, and the renaming of “Compensation Committee” to “Compensation and People Development Committee”, and the establishment of a “Nominating, Corporate Governance and Sustainability Committee” of the Board of Directors.
• Approved the convening of the 2023 AGM for 9:00 a.m. on June 6, 2023 at Ambassador Hotel Hsinchu (10F, No. 188, Section 2, Zhonghua Road, Hsinchu).

For information on TSMC's recent January 2023 Revenue Report, click here.

About TSMC

TSMC (TWSE: 2330, NYSE: TSM) created the semiconductor Dedicated IC Foundry business model when it was founded in 1987. TSMC served about 535 customers and manufactured more than 12,302 products for various applications covering a variety of end markets including smartphones, high performance computing, the Internet of Things (IoT), automotive, and digital consumer electronics. Annual capacity of the manufacturing facilities managed by TSMC and its subsidiaries exceeded 13 million 12-inch equivalent wafers in 2021. These facilities include four 12-inch wafer GIGAFAB fabs, four 8-inch wafer fabs, and one 6-inch wafer fab – all in Taiwan – as well as one 12-inch wafer fab at a wholly owned subsidiary, TSMC Nanjing Company Limited, and two 8-inch wafer fabs at wholly owned subsidiaries, WaferTech in the United States and TSMC China Company Limited.

Source: TSMC