Plans to Divest 8.1% Stake in Vanguard International Semiconductor
Original: 台積公司擬出售8.1%世界先進公司股權
Summary
TSMC announced plans to sell an 8.1% equity stake in Vanguard International Semiconductor (VIS), a Taiwan-listed foundry specializing in mature-node and analog processes in which TSMC has long been a strategic shareholder. A divestiture of this size is material for both companies — it could pressure VIS's share price near-term and signals TSMC's intent to reduce its holding in the mature-node affiliate. Full body available on MOPS.
Full Translation
TSMC intends to divest an 8.1% equity stake in Vanguard International Semiconductor Corporation (世界先進). Vanguard is a Taiwan-listed pure-play foundry focused on 8-inch mature-node and specialty processes, in which TSMC has historically been a major strategic shareholder. The disclosed transaction size (8.1%) is substantial and would represent a partial monetization of TSMC's long-standing affiliate position. [Body not available — subject line only. See MOPS for full announcement.]