Taiwanese electronics company TSMC Global decided to handle a cash increase of US$10 billion, mainly reducing the cost of foreign exchange avoidance.
Taiwan Electric Board of Directors approved the rating of no more than US$10 billion in February this year, increasing its 100% stake in TSMC Global. The Board of Directors of TSMC Global decided to handle a cash increase of US$10 billion today. The purpose of the funds is mainly to reduce foreign exchange and avoid risks.
Taiwan Electric Chairman and President Wei Zhejia said at this year's Stock Exchange Conference that the exchange rate will affect Taiwan's gross profit margin. Every 1% appreciation of New Taiwan Coins will affect the decline of Taiwan Electric's business interest rate by 0.4 percentage points.
Wei Zhejia estimated that the new Taiwan dollar appreciated by about 8%, and the gross profit margin of Taiwan's electricity fell by more than 3 percentage points. He emphasized that NTEC strives to maintain the world's first technology and sells the value it should get.