DivestmentMay 15, 2026, 08:17 AM
TSMC to Reduce VIS Shareholding to 19% from 27.1%
AI Summary
Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC) announced its intention to reduce its shareholding in Vanguard International Semiconductor Corporation (VIS) from approximately 27.1% to 19%. This strategic move is aimed at focusing TSMC's resources on its core business activities. The company also confirmed that it ceased to have representation on VIS' board of directors in June 2024 and has no plans for further share sales in the foreseeable future.
Key Highlights
- TSMC to reduce its shareholding in VIS to approximately 19%.
- TSMC currently holds approximately 27.1% of VIS shares.
- TSMC ceased representation on VIS' board of directors in June 2024.
- No plans to sell more VIS shares in the foreseeable future.
- Divestment is part of TSMC's plan to focus on core business activities.
Price Impact
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