TSMC Board of Directors Meeting Resolutions

HSINCHU, Taiwan, R.O.C., May 13, 2025 – The TSMC (TWSE: 2330, NYSE: TSM) Board of Directors today held a meeting, which passed the following resolutions:

1. Approved the 2025 first quarter Business Report and Financial Statements. First quarter consolidated revenue was NT$839.25 billion and net income was NT$361.56 billion, with diluted earnings per share of NT$13.94.

2. Approved the distribution of a NT$5.00 per share cash dividend for the first quarter of 2025, and set September 22, 2025 as the record date for common stock shareholders entitled to participate in this cash dividend distribution, and the ex-dividend date for the common shares shall be September 16, 2025. As required by Article 165 of Taiwan’s Company Law, the shareholders’ register shall be closed for five days prior to the record date (September 18 through September 22, 2025) for registration transfer, and the dividend will be paid on October 9, 2025. In addition, the ex-dividend date and the record date for entitlement to participate in this cash dividend distribution for TSMC American Depositary Shares (ADSs) will be September 16, 2025.

3. To meet long-term capacity plans based on market demand forecasts and TSMC’s technology development roadmap, the Board approved capital appropriations of approximately US$15,247.70 million for purposes including: 1) Installation of advanced technology capacity; 2) Installation of advanced packaging, mature and/or specialty technology capacity; 3) Fab construction, and installation of fab facility systems.

4. Approved transaction to sell TSMC equipment valued at about between US$71 million and US$73 million to VisionPower Semiconductor Manufacturing Company Pte Ltd (VSMC), a subsidiary of TSMC’s affiliate. 

5. Approved the appointment of TSMC controller Ms. Mingli Weng as the head of TSMC’s internal audit, effective August 16, 2025, due to the retirement of Mr. John Liang, the current head of TSMC’s internal audit. Meanwhile, approved the appointment of Mr. Horace Chen as controller of TSMC, effective August 16, 2025.