Taiwan’s approved outbound investment nears US$3bn in July

Want China Times
Date: 2015-07-29

Taiwan’s outbound investment approved by the government in July reached nearly US$3

TSMC's company logo. (File photo/Yen Chien-lung)

TSMC’s company logo. (File photo/Yen Chien-lung)

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]

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