The world’s leading contract semiconductor manufacturer announced Friday its intention to divest up to 152 million shares of Vanguard International Semiconductor through a block transaction targeting financial institutional investors, thereby decreasing its ownership position in the chipmaker.
The Taiwan-based TSMC stated that the planned divestiture would lower its ownership in Vanguard International Semiconductor, known as VIS, to approximately 19% from its current level of around 27.1% calculated on a fully diluted basis. The semiconductor giant indicated it has no intentions to divest any additional VIS shares in the coming period.
