Other capital allocations include R&D investments for 2025, ongoing capital expenditures, and capitalized lease assets for the following year. According to the pure-play foundry, these investments align with market demand forecasts and TSMC's technology roadmap to achieve its long-term capacity goals.
The board also approved the issuance of unsecured corporate bonds totaling up to 60 billion NTD (around $1.85 billion) in various markets to fund capacity development and/or pollution control expenditures.
Additionally, TSMC's board approved a cash dividend of 4.50 NTD per share for the third quarter of 2024. TSMC reported a net income of 325.26 billion NTD, or 12.54 NTD in diluted earnings per share, on total revenue of 759.69 billion NTD.
TSMC's third-quarter revenue and profit margins exceeded guidance released three months prior. The company expects fourth-quarter revenue in USD terms to increase 13% quarter-over-quarter at the midpoint.
In response to strong AI-related demand, TSMC anticipates capital expenditures of slightly over $30 billion for 2024, with 2025 capital expenditures expected to exceed this year's level.