Taiwan Semiconductor Manufacturing Company Limited (TSEC:2330) announces a share repurchase program. Under the plan, the company will repurchase up to 8,000,000 shares, representing 1.16% of the issued share capital for a total of TWD 5,210.55 million. The shares will be purchased at a price in the range of TWD 8 to TWD 10 per share.

The shares will be purchased through Taiwan Stock Exchange. The purpose of the share repurchase program is to transfer the shares to employees. The shares may be repurchased continuously.

The program is valid till March 20, 2014. As of January 20, 2014, the company has 7,846,000 own shares.