lora-ho-discusses-her-role-as-cfo-of-tsmc

Lora Ho discusses her role as CFO of TSMC

One of Ho's biggest challenges is managing the company's $2 billion annual capex.
Lora Ho has a problem that many executives would love to have û too much cash. She is the chief financial officer of Taiwan Semiconductor Manufacturing Company TSMC, which is sitting on $6 billion net cash.

ôIt means we have abundant resources to fund our business but the question is how do you use it effectively,ö she says.

This is a question that is key to the profitability of the worldÆs largest dedicated semiconductor foundry, which makes semiconductor chips for third-party designers and invests some $2 billion a year in its business. TSMC is TaiwanÆs largest listed company and accounts for about 9% of the benchmark TAIEX index.

TSMC was set up in 1987...
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