TSM · Taiwan Semiconductor Manufacturing Company Limited

Summary

TSMC plans to sell 152 million shares of Vanguard International Semiconductor, reducing its stake from 27.1% to 19%, to focus on core business.

Key takeaways

• TSMC will sell up to 152 million VIS shares (8.1% of VIS) via block trade to institutional investors.
• Post-sale, TSMC's VIS stake drops from 27.1% to 19%; no further sales planned.
• Strategic relations with VIS (interposer outsourcing, GaN licensing) remain unchanged.
• TSMC ceased VIS board representation in June 2024, signaling gradual divestment.
• Sale aligns with TSMC's resource focus on core foundry and advanced packaging activities.