Taiwan Foundry 聯電 Board Approves About $3.2 Billion for Expansion
Photo: TokenPost
The board of Taiwanese foundry 聯電 (2303) approved about $3.2 billion in added spending for projects in Singapore and Tainan as quarterly wafer shipments hit a record and shares fell. Shares dropped as much as 8.98% to NT$116.5 during Taiwan trading Thursday, Oct. 29, reaching their lowest level in nearly two months. Third-quarter wafer shipments increased 7.3% from the previous quarter to 1.212 million 12-inch-equivalent wafers. Capacity utilization rose to 92% from 85%, with several 12-inch plants operating at full capacity. Revenue increased 25.6% from a year earlier to NT$74.24 billion, the company’s second-highest quarterly total.
Source: TokenPost
