Member access

4-Traders Homepage  >  Shares  >  TAIWAN STOCK EXCHANGE  >  Taiwan Semiconductor Mfg. Co. Ltd.    2330   TW0002330008

SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Taiwan Semiconductor Mfg : TSMC to Sell 5% of Vanguard International Semiconductor

04/11/2014 | 04:36am US/Eastern

Hsinchu, Taiwan, R.O.C. - April 11, 2014 -The TSMC (TWSE: 2330, NYSE: TSM) Board of Directors today approved the sale of 82 million common shares of Vanguard International Semiconductor Corporation (VIS), approximately 5% of VIS' paid-in-capital, at a price of about NT$42.55 per share and a total price of approximately NT$3.49 billion. Currently, TSMC holds approximately 38.3% of VIS shares on a fully diluted basis, which would decline to approximately 33.3% after the sale.

TSMC will remain the largest shareholder of VIS, and TSMC announces that it has no plan to sell more VIS shares in the foreseeable future. This share sale will not affect the strategic relations between the two companies. TSMC expects to continue its close collaboration with VIS, including licensing certain technologies and transferring certain technical know-how to, and sourcing wafers from, the latter.



distributed by
React to this article
Latest news on TAIWAN SEMICONDUCTOR MFG.
09:04a TAIWAN SEMICONDUCTOR MFG : Low wage growth surprises Bernanke
07:48a TAIWAN SEMICONDUCTOR MFG : shares end above 9,700 points
05/27 TAIWAN SEMICONDUCTOR MFG : Ex-Fed Chairman Bernanke attends Taipei finance forum
05/25 TAIWAN SEMICONDUCTOR MFG : shares close almost flat
05/23 TAIWAN SEMICONDUCTOR MFG : IC output estimated to grow by over 5% in 2015
05/22 Taiwan Semiconductor to Acquire Machinery Equipment from DISCO, Tokyo Electro..
05/18 TAIWAN SEMICONDUCTOR MFG : shares ends above 9,600 points
05/11 TAIWAN SEMICONDUCTOR MFG : shares close down
05/08 TAIWAN SEMICONDUCTOR MFG : TSMC April sales reach 3rd-highest level UMC sales hi..
05/08 TAIWAN SEMICONDUCTOR MFG : shares fail to maintain early strength
Advertisement
Income Statement Evolution
More Financials