TSMC plans to sell 8.1% stake in Vanguard, says partnership remains unaffected

TSMC announced plans to sell up to 152 million common shares of Vanguard International Semiconductor (VIS), representing about 8.1% of VIS's issued share capital, through block trades to financial institutions. TSMC stated this move is to focus resources on its core business and emphasized it will not affect their strategic partnership, including silicon interposer production and GaN process technology licensing. TSMC's stake will decrease from 27.1% to roughly 19%.