TSMC sells 5% of Vanguard
Morris Chang, Chairman of TSMC
TSMC is to sell 5% of its holding in the Taiwanese foundry Vanguard International Semiconductor.
The sale will raise $116 million.
TSMC owns 38% of 20 year-old Vanguard which started off as a DRAM company and became a pure-play foundry ten years ago.
TSMC is thought to be selling because the foundry business is booming in Taiwan and it’s a good time to sell.
Related Tech News
Machine-to-machine communication industry body Weightless is switching its focus from…more »
At the 5G Global Summit, taking place in South Korea this…more »
Delivering a system-on-chip (SoC) is no longer simply deploying silicon.…more »
Spansion is sampling 96 new variants of its ARM-based microcontrollers.…more »
Share your knowledge - Leave a comment