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TSMC to Sell 5% of Vanguard International Semiconductor

By Vincent Wang
Published: Apr 11,2014

TAIPEI, Taiwan — The TSMC Board of Directors today approved the sale of 82 million common shares of Vanguard International Semiconductor Corporation (VIS), approximately 5 percent 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.

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Currently, TSMC holds approximately 38.3 percent of VIS shares on a fully diluted basis, which would decline to approximately 33.3 percent 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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