TSMC to Sell 5.1% of Xintec Inc.

Hsinchu, Taiwan, R.O.C. – Nov. 27, 2015 - TSMC (TWSE: 2330, NYSE: TSM) today announced to sell 5.1% ownership of Xintec Inc (“Xintec”). The above 5.1% Xintec ownership is part of the 10.2% Xintec ownership TSMC obtained from its purchase of OmniVision Technologies, Inc.’s 49.1% ownership in VisEra Holding Cayman, Ltd. (“VisEra”) and 100% ownership in Taiwan OmniVision Investment Holding Co. Inc. (“OVT Taiwan”) on November 20, 2015, pursuant to TSMC’s board approval on August 11, 2015. 

TSMC intends to sell the above mentioned 10.2% Xintec shares in an orderly manner when these shares are released from the IPO lock-ups. The 5.1% Xintec shares to be sold were released from lock-up on September 30, 2015, and the remaining 5.1% will be released on March 30, 2016.

After the Xintec shares sales, TSMC will remain as the largest shareholder of Xintec with approximately 41% ownership. The share sales will not affect the business relations between the two companies. TSMC expects to continue its close collaboration with Xintec in the business areas of CMOS image sensor, MEMS, and etc.




Review Article Be the first to review this article
Aldec Webinar Nov 30

Featured Video
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
Computer History Museum: the Future of War is Here
More Editorial  
Jobs
Senior PIC Test Development Engineer for Infinera Corp at Sunnyvale, CA
REVISED***Director Product Line RF/IC for EDA Careers at San Jose, CA
ASIC Design Engineer for Infinera Corp at Sunnyvale, CA
Senior SW Developer for EDA Careers at San Jose, CA
Principal PIC Hardware Controls Engineer for Infinera Corp at Sunnyvale, CA
Upcoming Events
“Empowering Leadership with WIT and WISDOM” at SEMI 673 South Milpitas Blvd. Milpitas CA - Nov 28, 2017
Artificial Intelligence and Convolution Neural Networks Discussion at San Jose State University Student Union Theater San Jose CA - Dec 4, 2017
Silicon Valley's Only Comprehensive Embedded Systems Conference at San Jose Convention Center 150 W. San Carlos St. San Jose CA - Dec 5 - 7, 2017
Oski Technology’s Decoding Formal Club Meeting at The Conference Center San Jose CA - Dec 7, 2017



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise