TSMC Selling ASML Stake for $1.5 Billion as Lockup Period Ends

Taiwan Semiconductor Manufacturing Co. is selling its stake in Dutch chip-equipment maker ASML Holding NV for 1.3 billion euros ($1.5 billion) as a 2 1/2-year lockup period expires in April.

TSMC, a supplier of chips to Apple Inc. and Qualcomm Inc., is selling 21 million ASML shares at 62.59 euros apiece, Chief Financial Officer Lora Ho told reporters in Taipei. The Hsinchu, Taiwan-based company will book a profit of 21 billion Taiwanese dollars ($660 million) from the sale.