Home » Business » Ministry of Economic Affairs Approves TSMC’s $4.5 Billion Investment in Arizona Plant

Ministry of Economic Affairs Approves TSMC’s $4.5 Billion Investment in Arizona Plant

The Investment Review Committee of the Ministry of Economic Affairs approved eight major investment cases today, including TSMC’s investment of US$4.5 billion (approximately NT$143.8 billion) in an Arizona plant in the United States as working capital. The Investment Review Committee stated that this capital increase will be conducive to the continued growth of Taiwan’s semiconductor industry and deepen supply chain connections.

The Investment Review Committee of the Ministry of Economic Affairs approved eight major investment cases on the 18th, including TSMC’s investment of US$4.5 billion (approximately NT$143.8 billion) in its Arizona plant in the United States as working capital. (Central News Agency file photo)

In March this year, the Investment Review Committee approved TSMC’s first capital increase in its Arizona plant. At that time, the capital increase was US$3.5 billion (approximately NT$111.8 billion). This is TSMC’s second capital increase after half a year and the amount is expanded.

The Investment Review Committee of the Ministry of Economic Affairs held its 1227th committee meeting today, during which a total of 8 major investment cases were approved and reviewed. Among them, there are 2 cases of overseas investment. The first case is that Luxembourg businessman CI III ZHONG NENG K/S SCSP increased its investment in Zhongfa Holdings Co., Ltd. with NT$580.16 million to engage in general investment business. The second case is that the Japanese company REFINE HOLDINGS CO, LTD invested 1.8 billion yen, equivalent to NT$391,137,840, to increase capital in Taiwan Ruihuan Co., Ltd., which is engaged in wholesale of chemical raw materials, international trade, and management consulting. Waiting for business.

In addition, there are a total of 6 foreign investments. The first one is Yang Ming Shipping Co., Ltd.’s investment in Singapore Yang Ming (Singapore) Pte Ltd (YANG MING LINE (SINGAPORE) PTE LTD) with US$800 million (approximately NT$25.5 billion). , engaged in business investment, ship transportation, trading and leasing, and shipping contracting.

The second case is that Formosa Resources Co., Ltd. invested US$100 million (approximately NT$3.1 billion) in the Australian FORMOSA RESOURCES AUSTRALIA PTY LTD to engage in investment holding business, including reinvestment in mining and mineral product trading.

The third case is that Taiwan Semiconductor Manufacturing Co., Ltd. increased its investment in TSMC ARIZONA CORPORATION in the United States with US$4.5 billion as working capital to engage in the manufacturing, sales, testing and computer-aided design of integrated circuits and other semiconductor devices. In this regard, the Investment Review Committee issued a press release stating that this capital increase will not only enable industry players to establish closer relationships with customers, but will also be conducive to the continued growth of Taiwan’s semiconductor industry and deepening supply chain connections.

The fourth case is that Zhiyi Technology Co., Ltd. increased its investment in ACADYAN HOLDING (BVI) CORP. of the British Virgin Islands with US$60 million (approximately NT$1.9 billion) to engage in general investment business. The fifth case is that Inventec Co., Ltd. increased its investment in Thailand INVENTEC ELECTRONICS (THAILAND) CO, LTD with US$84.058 million (approximately NT$2.6 billion), which is engaged in the business of computer product assembly and sales.

The sixth case is that Fubon Life Insurance Co., Ltd. increased its capital in BOW BELLS HOUSE (JERSEY) LIMITED, British Jersey, with GBP 137.95 million (approximately NT$5.4 billion) to engage in real estate investment business.

Editor-in-Chief: Yu Weining

See more related news
TSMC’s second capital increase of US$4.5 billion to invest in Arizona plant investment review committee approved
One thing is a big win: American Zhang Zhongmou points out three major competitive advantages of Taiwan’s wafer manufacturing
President Tsai’s meeting with the new governor of Arizona on the 19th is expected to touch on the issue of TSMC’s plant construction
Foreign capital downgrades TSMC’s capital expenditure analyst: advanced process has not exploded
TSMC is betting that silicon photonic chips will become the next wave of AI

2023-09-18 11:22:54
#TSMCs #capital #increase #US4.5 #billion #invest #Arizona #plant #investment #review #committee #approved

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.