TSMC’s board approved about $40.9 billion in capital appropriations on November 10, bringing the total approved at its four regular meetings in 2026 to about $146.6 billion, according to board resolutions the company filed with the Securities and Exchange Commission. The four regular meetings in 2025 approved about $68.0 billion, less than half as much.
The November appropriation is mainly for installing and upgrading advanced technology capacity, advanced packaging and mature or specialty capacity, fab construction and facility systems, and 2027 research and development capital, sustaining capital spending and capitalized leased assets, TSMC said. It is about 2.7 times the $15.0 billion the board approved in November 2025 for a similar list of purposes.
The 2026 approvals were $45.0 billion in February, $31.3 billion in May, $29.4 billion in August and $40.9 billion in November. The tally leaves out other board approvals, including a capital injection of up to $30 billion into TSMC Global, a subsidiary, in February to reduce foreign exchange hedging costs, and up to $20 billion for TSMC Arizona in May. Appropriations authorize spending and do not show how much TSMC spends in a given period; the November approvals in both years included research and development capital for the following year.
The same meeting authorized up to $500 million each for Anthropic common shares at its initial public offering price and for preferred stock in OpenAI Group PBC. Anthropic’s amended IPO filing lists TSMC among seven chip and cloud partners that have agreed to buy about $26 billion of its stock at the IPO price, in a private placement that depends on the offering closing. The board also approved up to $500 million to set up an investment company for strategic investments in the semiconductor industry and its ecosystem.
The board approved third-quarter financial statements that TSMC first reported in October, showing revenue of NT$1,494.24 billion and net income of NT$763.06 billion, up 50.9 percent and 68.7 percent from a year earlier. It set a quarterly cash dividend of NT$9.0 per share, up from NT$7.0 for the second quarter and NT$6.0 a year earlier, payable on April 8, 2027.
In a separate filing on November 12, TSMC said some data on current and former employees had been made available on an external website without authorization. The data matched records stored in the system services of a cloud service provider, which TSMC did not name, and the company said it had so far found no evidence that its own systems were compromised. TSMC said the information is unrelated to its operations or customer data. It is notifying affected employees and working with the cloud vendor, “the relevant investigating authorities, and a third-party cybersecurity agency.”
Sources: TSMC (board resolutions), TSMC (employee data statement), Ars Technica
–
By the Control Plane Editorial Team