TSMC Sells Shares in Optical Sensor Unit Before Planned Spinoff
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Taiwan Semiconductor Manufacturing Co. sold shares in VisEra Technologies Co. before a planned initial public offering of the image sensor provider.
Taiwan’s largest chipmaker sold 38 million shares in VisEra at NT$240 ($8.60) apiece, cutting its stake in the company to 73.9%, according to a filing to the Taiwan stock exchange Tuesday. It sold the stock to 17 investors, including Fidelity International, Singapore sovereign wealth fund GIC Pte and domestic institutions Cathay Life Insurance Co. and Fubon Life Insurance Co.