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Date: 12-04-14

TSMC to Sell 5% of Vanguard International Semiconductor

TSMC has approved the sale of 82 million common shares of Vanguard International Semiconductor Corporation (VIS), approximately 5% 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. Currently, TSMC holds approximately 38.3% of VIS shares on a fully diluted basis, which would decline to approximately 33.3% after the sale.

TSMC said it will remain the largest shareholder of VIS, and TSMC also says that it has no plan to sell more VIS shares in the foreseeable future and no change in the strategic relations between the two companies. TSMC also said it 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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