TSMC plans to inject $30 billion into its subsidiary to reduce foreign exchange hedging costs
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Glonghui, February 10th｜According to a statement on the company's website, TSMC's board of directors has approved an injection of up to $30 billion into its subsidiary TSMC Global to reduce foreign exchange hedging costs. It has also approved the issuance of up to NT$60 billion (US$1.9 billion) in unsecured corporate bonds in the domestic market in batches to support its capacity expansion and green initiatives.
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