TSMC's Board of Directors convened yesterday with the intention of defining the company's strategy for future developments and investment. The result was a commitment of $4.5B to investments ranging from construction of fab facilities; installation, expansion, and upgrade of advanced technology capacity; conversion of logic capacity to specialty technology capacity; conversion of mature technology capacity to specialty technology capacity; expansion and upgrade of specialty technology capacity; expansion of advanced packaging technology capacity; and fourth quarter 2018 R&D capital investments and sustaining capital expenditures. These values pale in comparison to Samsung's usual investment applications, of course; but let's not forget is an industry behemoth with more product lines and investment opportunities that TSMC's comparably "specific" domain of the market.