Hsinchu, Taiwan [9-Oct-2024] – Taiwan Semiconductor Manufacturing Company (TSMC) (TWSE: 2330, NYSE: TSM) today announced a significant investment in Vanguard International Semiconductor Corporation (VIS), further solidifying its position in the global semiconductor industry. TSMC has acquired 42,485,831 shares of VIS at NT$88 per share, representing a total investment of approximately US$116 million. This increases TSMC’s ownership stake in VIS to 27.55%, totaling 506,709,324 shares.
This equity investment underscores TSMC’s long-term commitment to VIS and represents a significant step in expanding its global manufacturing capabilities. Post-acquisition, this investment will comprise 33.71% of TSMC’s total assets and 43.34% of its parent company’s equity. TSMC’s current working capital is US$13 billion. The investment includes no restrictions on rights or dispositive interests.
This announcement follows the October 7th approval by Taiwan’s Ministry of Economic Affairs Investment Commission of TSMC’s US$5 billion investment in TSMC Global Ltd., based in the British Virgin Islands. This investment will also support the establishment of the first 12-inch fab in Singapore through a joint venture between Vanguard International Semiconductor and NXP, known as VSMC.
The expansion into Singapore, through the VSMC joint venture, marks a significant milestone in TSMC’s global strategy, enhancing its ability to serve its customers worldwide.
