-- Vanguard International Semiconductor (TWO:5347) board approved a capital budget for machinery and related facilities equipment worth NT$8.56 billion, according to a filing on Monday.
Shares gained about 2% in Tuesday's midday trade.
The investment covers equipment for both 8-inch and 12-inch wafer fabs.
The 8-inch fab machinery and facilities budget amounts to NT$3.63 billion, while the 12-inch fab allocation stands at NT$4.93 billion.
The equipment will be used for production purposes, the filing added.