Taiwan Semiconductor Manufacturing Company's (TSMC) board of directors has adopted a proposal recommending the distribution of a NT$8 (US$0.27) cash dividend per share for 2017. The proposal will be discussed and decided at TSMC's annual general meeting on June 5.
TSMC posted net profits of NT$343.11 billion on consolidated revenues of NT$977.45 billion in 2017, with diluted earnings per share of NT$13.23. Profits and revenues for the year were both record-high levels.
The board also approved a capital appropriation in the amount of about US$2.83 billion for purposes including advanced technology capacity installation, upgrades and expansions, the conversion of logic capacity to specialty technology, and second-quarter 2018 R&D capital investments and sustained capital expenditures.