TSMC’s board approved approximately US$40.93 billion in capital appropriations on November 10, alongside a NT$9-per-common-share dividend for the third quarter of 2026. The decisions put shareholder distributions and substantial investment plans on the same agenda.
The dividend equals about 31% of the quarter’s NT$29.43 diluted earnings per share, an earnings comparison rather than cash-flow coverage. Common shareholders have a March 11, 2027 ex-dividend date, a March 17 record date and an April 8 payment date. The NT$9 figure is not a per-ADS amount.
The capital authorization covers manufacturing and packaging capacity, fab construction and facility systems, plus 2027 research-and-development investment, sustaining expenditures and capitalized leased assets. Appropriations authorize projects; they do not establish that US$40.93 billion has already been spent or that the entire amount belongs to one year’s cash-capex budget.
Separately, directors approved up to US$500 million for Anthropic common shares at its initial-public-offering price and up to US$500 million for OpenAI preferred stock. These are investment ceilings, not disclosed completed purchases. The filing leaves the timing of these cash outlays, and their interaction with future operating cash generation, unresolved.
Sources: TSMC Form 6-K, November 10, 2026 · TSMC board meeting resolutions.
Structural research, not investment advice.