TSMC acquires Citigroup, Bank of America, Oracle and other corporate bonds, expanding its fixed income market holdings.

Taiwan Semiconductor Manufacturing Company (TSMC) recently announced through its subsidiary TSMC Global that it has been purchasing high-rated corporate bonds from companies such as Citigroup, Bank of America, and Oracle in batches from July 11th to September 25th. On September 26th, TSMC Global acquired two fixed income securities, including corporate bonds from Goldman Sachs and Bank of America. According to the announcement, TSMC holds a total of approximately $428 million in these four corporate bonds, with the highest amount invested in Citigroup at $230 million, followed by $125 million in Goldman Sachs bonds, $60.9 million in Bank of America bonds, and $12 million in Oracle bonds. Analysts believe that TSMC Global's continued increase in financial and corporate bonds allows for flexible use of overseas funds, avoids exchange rate risk, and secures stable income through high-rated corporate bonds. This strategy is particularly attractive as the Federal Reserve begins a rate-cutting cycle, making corporate bonds more appealing in terms of both returns and liquidity, aligning with TSMC's overall financial planning strategy.