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Taiwan Semiconductor Manufacturing Company

TSMC : Board Approves Plan to Issue up to NT$45 Billion Unsecured Corporate Bonds

Taiwan Semiconductor Manufacturing Co. (TSM), the world's largest contract chip maker by revenue, said Tuesday its board approved the company's plan to issue up to 45 billion New Taiwan dollars ($1.50 billion) worth of unsecured corporate bonds.Proceeds from the bond sale will go to funding capacity expansion, the company said.The Taiwan-based semiconductor firm also said its board approved capital appropriations totaling about US$4.90 billion for research and development and capacity expansion for advanced manufacturing technologies, as well as the installation and construction of new facilities.Write to Lorraine Luk at lorraine.luk@dowjones.comSubscribe to WSJ: http://online.wsj.com?mod=djnwiresCopyright © 2013 Dow Jones Newswires...

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