TSMC (NYSE: TSM) today held a meeting of the Board of Directors, which passed the following resolutions:
1. Approved capital appropriations of approximately US$3,963.3 million for purposes of capacity expansion of advanced technology and packaging and assembly; construction of fab facilities and installation of facility systems; first quarter 2016 R&D capital investments and sustaining capital expenditures.
2. Approved the promotion of Dr. Y.L. Wang as Vice President.
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