Taiwan Semiconductor Manufacturing Co. is set to inject $10 billion in capital to its overseas unit to shore up its currency hedging operations, its biggest such move to counter a volatile local exchange rate.
TSMC Global Ltd., a wholly-owned unit of the world’s largest contract chipmaker, has approved a plan to increase its capital by issuing $10 billion worth new shares to its parent to help it reduce foreign exchange hedging costs, the company said in a statement. It’s the third such deal since 2024, and by far the largest. They occurred during periods when the Taiwan dollar tended ...
