Reported about 1 year ago
TSMC recently announced the repurchase of 3249 shares of common stock for a maximum of 4.1 billion NT dollars, and within just 6 trading days, the company has spent approximately 543.44 million NT dollars to buy 592 shares at an average price of 917.97 NT dollars per share. The purpose of TSMC's share buyback is mainly to offset the dilution impact caused by issuing new shares to employees and could also be a strategy to stabilize stock prices in the short term when facing operational headwinds.
Source: YAHOO