Taipei, Aug. 11 (CNA) Taiwan Semiconductor Manufacturing Co. (TSMC) has approved a capital budget of about US$29.44 billion for expansion amid the ongoing AI boom. According to TSMC, the capital appropriation plan aims to meet a range of requirements such as installing advanced technology capacity and constructing fabs. The NT$7.0 cash dividend for the second-quarter earnings is unchanged from the dividend payout for the first quarter earnings. Wei (魏哲家), who holds 7.45 million TSMC shares, is expected to pocket NT$52.16 million in cash in January. The National Development Fund under the Executive Yuan, TSMC's largest shareholder with 1.65 billion shares, is expected to receive NT$11.58 billion in cash.