TSMC announced plans to sell up to 152.0 million common shares of Vanguard International Semiconductor Corporation (VIS), representing approximately 8.1% of VIS’ fully-diluted paid-in capital, through a block trade to financial institutional investors.
The transaction forms part of TSMC’s strategy to focus resources on its core business activities. Following the sale, TSMC’s shareholding in VIS is expected to decrease from the current 27.1% to approximately 19% on a fully diluted basis. TSMC stated it has no plans to sell additional VIS shares in the foreseeable future.
The share sale will not impact TSMC’s strategic relationship with VIS, including the outsourcing of interposer production and the licensing of GaN technology. TSMC ceased representation on VIS’ board of directors in June 2024.
