152 days ago • Posted by William Ramstein

TSM sells VisEra Tech shares, raises $326.8M

The sale was to facilitate a proposed listing of VisEra in Taiwan. TSM sold the shares to 17 investors, including Fidelity International, Singapore sovereign wealth fund GIC Pte, and domestic institutions like Cathay Life Insurance Co. and Fubon Life Insurance Co. TSM had set up VisEra in 2003 with Santa Clara, California-based OmniVision Technologies Inc., before buying out its partner in 2015. TSM intends to spin off the unit following the semiconductor boom leading to surging chipmaker prices. Source: Bloomberg