TSMC Board of Directors met this week. The Council approved the report for 2021. The world's largest semiconductor contract manufacturer had consolidated revenues of $59.7 billion and net income of $22.5 billion.

The Board of Directors also approved the distribution of cash dividends to shareholders and bonuses to employees, but more interesting is the information on capital investments. Capex was approved in the amount of approximately $20.944 billion. These funds will be used to install and upgrade advanced technological facilities; to install mature and specialized processing facilities; to install advanced facilities for packing crystals into cases; for the construction of factories and the installation of infrastructure systems; for R&D in the second half of the year.

Notably, the board has adopted a special program designed to attract and retain corporate executives and critical professionals. To tie their compensation to the interests of shareholders, the board of directors approved the issue of 1,387,000 restricted shares to reward employees. To compensate for the dilution of shares caused by the increase in the number of shares outstanding in connection with this issue, the board approved a common share buyback program.

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