In a recent meeting of the Board of Directors, TSMC announced several crucial resolutions that will shape the company's future endeavors and financial outlook.

Financial Performance and Dividend Declaration

TSMC's Board of Directors approved the 2023 Business Report and Financial Statements, revealing robust results. The consolidated revenue for the period totaled NT$2,161.74 billion, with a net income of NT$838.50 billion. The diluted earnings per share were recorded at NT$32.34. In addition, the board declared a cash dividend of NT$3.50 per share for the fourth quarter of 2023, with a set record date of June 19, 2024, for common stock shareholders. The ex-dividend date for common shares is scheduled for June 13, 2024. The dividend payment is slated for July 11, 2024. TSMC's American Depositary Shares (ADSs) will also follow the ex-dividend date of June 13, 2024.

Employee Incentives and Investments

The board approved the distribution of employees’ business performance bonus and profit sharing totaling approximately NT$100,181.06 million for 2023. This includes business performance bonus distribution following each quarter of 2023 and profit sharing to be distributed in July 2024. Furthermore, capital appropriations of approximately US$9,421.48 million were approved for various purposes, including technology capacity installation and fab construction. The capital injection of significant amounts to key subsidiaries such as Japan Advanced Semiconductor Manufacturing, Inc. (JASM), TSMC Arizona, and TSMC Global Ltd. underscores TSMC's strategic global investment initiatives.

Executive Compensation and Governance

To align executive compensation with shareholders' interests and ESG achievements, the board approved the issuance of 2,960,000 shares of 2023 employee restricted stock awards (RSAs) and no more than 4,185,000 common shares of RSAs for 2024. These initiatives are aimed at attracting and retaining corporate executives and critical talents.

Future Plans and AGM Announcement

The board also greenlighted the convening of the 2024 Annual General Meeting (AGM) on June 4, 2024, where shareholders will elect TSMC’s 10-member Board of Directors, including 7 independent directors. Additionally, several personnel promotions within TSMC were announced, including the elevation of Mr. Wendell Huang and Ms. Sylvia Fang to Senior Vice President positions.

The resolutions passed by TSMC's Board of Directors outline the company's continued focus on financial performance, employee incentives, global investments, executive compensation, and governance. These strategic decisions reflect TSMC's commitment to sustained growth, innovation, and value creation for its stakeholders.