News Article
TSMC To Invest $319.6 million Into LEDs & Solar Cells
The firm will put forward $101.6 million for a LED production line and $218 million to construct a fab for the production of thin-film solar photovoltaic modules.
Following its July 2010 financial release, Taiwanese firm TSMC held a meeting of the Board of Directors, which passed a number of resolutions.
They approved capital appropriations of US $319.6 million to develop new businesses, including US$ 101.6 million for a LED production line and US$218 million to construct a fab for the production of thin-film solar photovoltaic modules.
TSMC’s net sales for July 2010, on an unconsolidated basis, were approximately NT$36.16 billion, an increase of 3 % over June 2010 and an increase of 19.4 % over July 2009. Revenues for January through July 2010 totaled NT$226.97 billion, an increase of 62.3 % compared to the same period in 2009.
On a consolidated basis, net sales for July 2010 were approximately NT$ 37.22 billion, an increase of 2.4 % over June 2010 and an increase of 19.4 % over July 2009. Revenues for January through July 2010 totaled NT$234.37 billion, an increase of 61.8 % compared to the same period in 2009.
