TSMC Open to Selling Stake to Chinese Investors

Alan Patterson
11/10/2015 05:17 PM EST

TAIPEI — Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest foundry, said it is open to the possibility of selling a stake in itself to Chinese investors.

TSMC Chairman Morris Chang said he would consider the possibility “if the price is right and it is beneficial to shareholders”. He made the comment at TSMC’s annual sports day event on Nov. 7.

Chang’s comment comes as Chinese investors such as Tsinghua Unigroup show an increased interest in taking stakes in Taiwanese chipmakers. Tsinghua last month bought a 25 percent stake in Taiwan chip packager Powertech, and it also expressed an interest in buying shares in MediaTek, Taiwan’s largest chip designer.

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