TSMC says approves $568 mln capex to expand advanced tech capacity

TAIPEI Tue May 13, 2014 8:47pm EDT

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TAIPEI May 14 (Reuters) - Taiwan Semiconductor Manufacturing Co., the world's largest contract chip maker, said its board had approved a capital budget of $568.23 million to establish, convert and upgrade advanced technology capacity.

TSMC's board also approved $107 million for research and development, the company said in a statement late on Monday, without elaborating. (Reporting by Faith Hung; Editing by Miral Fahmy)

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