Overview
- TSMC said it will sell up to 152 million Vanguard International Semiconductor shares to institutional buyers in a block trade that shifts big share lots off the open market.
- The planned sale would lower TSMC’s ownership in VIS from about 27.1% to roughly 19% on a fully diluted basis.
- At current prices, the shares are valued at about NT$26.8 billion, equal to roughly $850 million.
- TSMC described the sale as a portfolio adjustment to focus on contract chip manufacturing and said it does not plan further VIS sell-downs.
- The step follows TSMC’s 2024 exit from VIS’s board and keeps outsourcing of interposer work and gallium nitride (GaN) licensing to VIS in place.