TSMC to Sell 152M Vanguard Shares

TSMC plans to sell 152 million Vanguard shares, reducing its stake to 19%.

ByBenjamin Moore- Senior Editor

Today / 08:25|Last updated: Today / 08:28

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TSMC to Sell 152M Vanguard Shares — Photo: Prepared by Bond.az

TSMC, the world's largest contract chipmaker, plans to sell up to 152 million shares in Vanguard International Semiconductor (VIS) via a block trade to institutional investors.

The sale will reduce TSMC's stake in VIS from about 27.1% to 19% on a fully diluted basis. TSMC said it has no plans to sell additional VIS shares in the foreseeable future.

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TSMC to Sell 152M Vanguard Shares | Bond.az