Taiwan Semiconductor's overseas subsidiary plans to issue $10 billion in stock to cope with foreign exchange fluctuations
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Taiwan Semiconductor's overseas subsidiary plans to issue $10 billion in new shares to enhance its foreign exchange hedging capabilities and mitigate the risks posed by the appreciation of the New Taiwan Dollar. This is the third such transaction since 2024 and the largest in scale. The appreciation of the New Taiwan Dollar has raised concerns about the economy's excessive reliance on exports, which has affected Taiwan Semiconductor's operating profit margin
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