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TSMC is working hard to ensure its number one spot in the semiconductor manufacturing industry, and it has the funds to back it up. Yesterday TSMC's Board of Directors approved the company budget for another semiconductor fab expansion. With a budget totaling 6.74 billion US dollars allocated, TSMC has "Approved capital appropriations of approximately US$6,742.1 million (approximately NT$200.9 billion) for purposes including: 1) Fab construction, and installation of fab facility systems; 2) Installation and upgrade of advanced technology capacity; 3) Installation of specialty technology capacity; 4) Installation of advanced packaging capacity; 5) Second quarter 2020 R&D capital investments and sustaining capital expenditures."
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