TSMC plans to invest $30 billion into its subsidiary in order to reduce foreign exchange hedging costs.

According to a statement on the company's website, the board of directors of TSMC has approved an investment of up to $30 billion in its subsidiary TSMC Global to reduce foreign exchange hedging costs. It also approved the issuance of unsecured corporate bonds worth up to 60 billion New Taiwan Dollars in the domestic market in batches to support its capacity expansion and green initiatives.