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

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

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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.



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Financials ( TWD)
Sales 2017 973 963 M
EBIT 2017 384 956 M
Net income 2017 341 356 M
Finance 2017 428 454 M
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Chung Mou Chang Chairman
Li Mei Ho Head-Finance & Accounting, Senior Deputy GM
Peter Leahy Bonfield Independent Director
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