TSMC Expands Investment in VIS with $116 Million Stake Increase
Taiwan Semiconductor Manufacturing Company (TSMC) announced on October 8 to subscribe to a cash capital increase for Vanguard International Semiconductor Corporation (VIS), further expanding its footprint in the semiconductor industry.
According to the announcement, TSMC will purchase 42,485,831 shares of VISC common stock at NT$88 per share, amounting to a total investment of NT$3.74 billion (approximately US$116 million). This latest acquisition brings TSMC’s total shareholding in VIS to 506,709,324 shares, representing a 27.55% ownership stake. TSMC also noted that the investment is not subject to any restrictions on rights or the calculation of dispositive interests.
TSMC clarified that this equity-method investment is a long-term commitment to its affiliate, Vanguard International Semiconductor.
Following the transaction, TSMC's total investment will account for 33.71% of its total assets and 43.34% of its parent company’s equity as per the most recent financial statements. The company's current working capital stands at NT$422.1 billion.
Additionally, on October 7, Taiwan’s Ministry of Economic Affairs Investment Commission approved TSMC’s US$5 billion (NT$164.35 billion) investment in TSMC Global Ltd. in the British Virgin Islands, as well as an investment in the first 12-inch fab in Singapore, executed through Vanguard International’s joint venture with NXP, VSMC.