TSMC’s investment arm to raise capital of USD10 bn to cut forex hedging costs
Taipei [Taiwan] June 26 (ANI): The world’s largest contract chipmaker, Taiwan Semiconductor Manufacturing Co. (TSMC) on Wednesday announced that, company’s financial investment arm, has decided to increase its capital by USD 10 billion, with an aim to cut foreign exchange hedging costs as Taiwanese dollar appreciates against the U.S. dollar.
