TSMC Disposes of 152 Million VIS Shares, Recording NT$63.2 Billion Gain
TSMC announced the disposal of 152 million shares of Vanguard International Semiconductor (VIS) for NT$24.4 billion. The transaction will result in a total gain of NT$63.2 billion, including the remeasurement of the remaining stake.
📋 Article Processing Timeline
- 📰 Published: May 19, 2026 at 06:31
- 🔍 Collected: May 19, 2026 at 06:31 (0 min after Published)
- 🤖 AI Analyzed: May 19, 2026 at 06:34 (2 min after Collected)
Taiwan Semiconductor Manufacturing Co., Ltd. (TSMC, 2330) announced on May 18, 2026, the disposal of its equity investment in Vanguard International Semiconductor (VIS).
### Transaction Details
- **Security:** Vanguard International Semiconductor Corporation (Common Stock)
- **Quantity:** 152,000,000 shares
- **Unit Price:** NT$160.6 per share
- **Total Amount:** NT$24,411 million
### Financial Impact
TSMC expects to record a gain of NT$63,202 million from this disposal. This gain includes the profit generated from remeasuring the remaining shares at fair value following the change in accounting treatment.
### Post-Transaction Holding
Following the sale, TSMC holds 354,709,324 shares of VIS, representing an ownership stake of 19.0%. Prior to this transaction, VIS was an equity-method affiliate of TSMC.
### Purpose of Disposal
The company stated that the objective of this transaction is the disposal of equity investments as part of its strategic portfolio management. The transaction was not with a related party.
### Transaction Details
- **Security:** Vanguard International Semiconductor Corporation (Common Stock)
- **Quantity:** 152,000,000 shares
- **Unit Price:** NT$160.6 per share
- **Total Amount:** NT$24,411 million
### Financial Impact
TSMC expects to record a gain of NT$63,202 million from this disposal. This gain includes the profit generated from remeasuring the remaining shares at fair value following the change in accounting treatment.
### Post-Transaction Holding
Following the sale, TSMC holds 354,709,324 shares of VIS, representing an ownership stake of 19.0%. Prior to this transaction, VIS was an equity-method affiliate of TSMC.
### Purpose of Disposal
The company stated that the objective of this transaction is the disposal of equity investments as part of its strategic portfolio management. The transaction was not with a related party.
FAQ
Did TSMC sell all its shares in VIS?
No, it was a partial disposal. TSMC retains 354,709,324 shares, representing a 19.0% stake in Vanguard International Semiconductor.
Why is the disposal gain higher than the transaction amount?
The gain includes the remeasurement of the remaining stake to its fair value, in addition to the profit from the shares actually sold.
What was the execution date of this transaction?
The transaction was executed on May 18, 2026, following the authorization granted around May 15, 2026.