Log in
Lost password
Become a member for free
Sign up
Sign up
Dynamic quotes 

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

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
03:59a Quake fells Taiwan apartment building, at least five dead
12:47a TAIWAN SEMICONDUCTOR MFG : TSMC Assessing February 6 Earthquakes And Planning Re..
02/04 TAIWAN SEMICONDUCTOR MFG : TSMC gets green light to build 12-inch fab in China
02/02 TAIWAN SEMICONDUCTOR MFG : shares down but still end above 8,100 points
02/02 TAIWAN SEMICONDUCTOR MFG : TSMC Board of Directors Proposes NT$6 Cash Dividend p..
02/02 TAIWAN SEMICONDUCTOR MFG : Made in taiwan
01/26 Apple set for slowest ever iPhone sales growth
01/26 TAIWAN SEMICONDUCTOR MFG : TSMC 12-inch wafer plant in China could be OK'd befor..
01/22 Fewer orders at Apple suppliers could signal first iPhone sales decline
01/15DJApple's Suppliers Sound Revenue Warnings
Income Statement Evolution
More Financials