TSMC Shareholders Approve Transfer of Solar and Solid State
Posted: Thu Jun 09, 2011 5:25 am
TSMC Shareholders Approve NT$3.0 Cash Dividend and Transfer of Solar and Solid State Lighting Businesses
Hsinchu, Taiwan, R.O.C. – June 9, 2011 - TSMC (NYSE: TSM) today held a shareholders’ meeting, which passed the following major resolutions:
1. Approved the 2010 Business Report and Financial Statements. Consolidated revenue for 2010 totaled NT$419.54 billion and net income was NT$161.61 billion, with earnings per share of NT$6.23.
2. Approved the distribution of a NT$3.0 cash dividend per common share.
3. Approved the transfer of TSMC's solar business and solid state lighting business into two new TSMC wholly-owned companies respectively.
4. Elected Ms. Kok-Choo Chen and Mr. Gregory C. Chow to the Board of Directors as additional Independent Directors.