TSMC to Sell 5.1% of Xintec Inc.
Hsinchu, Taiwan, R.O.C. – Nov. 27, 2015 - TSMC (TWSE: 2330, NYSE: TSM) today announced to sell 5.1% ownership of Xintec Inc (“Xintec”). The above 5.1% Xintec ownership is part of the 10.2% Xintec ownership TSMC obtained from its purchase of OmniVision Technologies, Inc.’s 49.1% ownership in VisEra Holding Cayman, Ltd. (“VisEra”) and 100% ownership in Taiwan OmniVision Investment Holding Co. Inc. (“OVT Taiwan”) on November 20, 2015, pursuant to TSMC’s board approval on August 11, 2015.
TSMC intends to sell the above mentioned 10.2% Xintec shares in an orderly manner when these shares are released from the IPO lock-ups. The 5.1% Xintec shares to be sold were released from lock-up on September 30, 2015, and the remaining 5.1% will be released on March 30, 2016.
After the Xintec shares sales, TSMC will remain as the largest shareholder of Xintec with approximately 41% ownership. The share sales will not affect the business relations between the two companies. TSMC expects to continue its close collaboration with Xintec in the business areas of CMOS image sensor, MEMS, and etc.
|
Related News
- TSMC to Sell 5.1% of Xintec Inc.
- TSMC to Sell 5% of Vanguard International Semiconductor
- MindTree's Q2 Revenue Grows 5.1% QoQ in Dollar Terms; 3.4% in Rupee Terms
- Electronic System Design Industry Posts $5.1 Billion in Revenue in Q3 2024, ESD Alliance Reports
- M31 Completes Validation of 7nm ONFI 5.1 I/O IP - Targeting for the Global AI Big Data Storage Market
Breaking News
- Baya Systems Raises $36M+ to Propel AI and Chiplet Innovation
- Andes Technology D45-SE Processor Achieves ISO 26262 ASIL-D Certification for Functional Safety
- VeriSilicon and Innobase collaboratively launched second-generation Yunbao series 5G RedCap/4G LTE dual-mode modem IP
- ARM boost in $100bn Stargate data centre project
- MediaTek Adopts AI-Driven Cadence Virtuoso Studio and Spectre Simulation on NVIDIA Accelerated Computing Platform for 2nm Designs
Most Popular
- Alphawave Semi to Lead Chiplet Innovation, Showcase Advanced Technologies at Chiplet Summit
- Arm Chiplet System Architecture Makes New Strides in Accelerating the Evolution of Silicon
- InPsytech Announces Finalization of UCIe IP Design, Driving Breakthroughs in High-Speed Transmission Technology
- Cadence to Acquire Secure-IC, a Leader in Embedded Security IP
- Blue Cheetah Tapes Out Its High-Performance Chiplet Interconnect IP on Samsung Foundry SF4X
E-mail This Article | Printer-Friendly Page |