Want China Times
Taiwan’s outbound investment approved by the government in July reached nearly US$3
billion after Taiwan Semiconductor Manufacturing applied to send a large sum overseas, according to the country’s Investment Commission.
The commission approved three applications in a monthly review meeting held Monday and the three, including the one submitted by TSMC to remit US$2 billion as an overseas investment, totaled US$2.78 billion.
The commission said TSMC wanted to boost the capital of its subsidiary — TSMC Global — located in the British Virgin Islands for financial investment purposes.
Market sources said TSMC is scheduled to hold a board meeting in early August to finalize the plan. It will be the second time TSMC is remitting US$2 billion to TSMC Global after having made a similar remittance in the second half of last year. [FULL STORY]