TSMC plans to sell 152 million shares in chipmaker Vanguard
TSMC plans to sell 152 million shares in chipmaker Vanguard
ReutersFri, May 15, 2026 at 8:03 AM UTC
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FILE PHOTO: The logo of Taiwan Semiconductor Manufacturing Company (TSMC) is displayed at TSMC Museum of Innovation in Hsinchu, Taiwan April 9, 2026. REUTERS/Ann Wang/File Photo
TAIPEI, May 15 (Reuters) - TSMC, the world's largest contract chipmaker, said on Friday it plans to sell up to 152 million shares in Vanguard International Semiconductor through a block trade to financial institutional investors, reducing its stake in the chipmaker.
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TSMC said the proposed share sale would reduce its holding in Vanguard International Semiconductor, or VIS, to about 19% from around 27.1% on a fully diluted basis. The company said it had no plans to sell additional VIS shares in the foreseeable future.
(Reporting by Wen-Yee Lee; Editing by Muralikumar Anantharaman)
Source: “AOL Money”
