TSMC board's resolutions -- $50mn approved for solar

HSINCHU, TAIWAN: TSMC held a meeting of the Board of Directors, which passed the following resolutions:
1. Appointed L.C. Tu as Vice President of Human Resources; Transferred P.H. Chang to serve as Vice President of Materials Management and Risk Management.

2. Approved capital appropriations of $1,116.8 million to expand 45nm process capacity and install 32nm process capacity.

3. Approved the appropriation of $50 million for possible use in investment in solar energy-related areas.

4. Approved semi-annual financial statements for the first half of 2009. Consolidated revenue for the January-June period was NT$113.712 billion, and net income was NT$25.933 billion.