Log in
Forgot 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

share with twitter share with LinkedIn share with facebook
share via e-mail
04/11/2014 | 10:36am CEST

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
share with twitter share with LinkedIn share with facebook
share via e-mail
React to this article
07:45p TAIWAN SEMICONDUCTOR MFG : Shares end below 8,200 after investor confidence hurt..
05/04 TAIWAN SEMICONDUCTOR MFG : shares end below 8,200 points
05/03 TAIWAN SEMICONDUCTOR MFG : TSMC leaves Motech Industries board, in a move away f..
04/29 TAIWAN SEMICONDUCTOR MFG : shares suffer heavy losses for 2nd consecutive day
04/29 TAIWAN SEMICONDUCTOR MFG : Domestic shares plunge, end below 8,500 points
04/28 TAIWAN SEMICONDUCTOR MFG : Patent Issued for Density Gradient Cell Array (USPTO ..
04/28 TAIWAN SEMICONDUCTOR MFG : shares plunge, end below 8,500 points
04/26 TAIWAN SEMICONDUCTOR MFG : shares edge higher in thin turnover
04/23 TAIWAN SEMICONDUCTOR MFG : industrial output drops 3.57% in March
04/22 TAIWAN SEMICONDUCTOR MFG : Shares end up at 8,568.65 on technical rebound
Income Statement Evolution
More Financials