TSMC plans to sell 152 million shares in chipmaker Vanguard

FILE -A worker walks past the logo of TSMC or Taiwan Semiconductor Manufacturing Corp., a Taiwanese multinational semiconductor contract manufacturing and design company, in Hsinchu, Taiwan, on Thursday, Jan. 29, 2026. (AP Photo/Daniel Ceng, File)

TAIPEI - TSMC, the world’s largest contract chipmaker, said ​on Friday it plans to sell ‌up to 152 million shares in Vanguard International Semiconductor via a block trade to ​financial institutional investors, cutting its stake ​in the chipmaker.

TSMC said the proposed ⁠share sale would reduce its holding ​in Vanguard International Semiconductor, or VIS, to ​about 19 per cent from around 27.1 per cent on a fully diluted basis. TSMC said it has no ​plans to sell additional VIS shares ​in the foreseeable future.

At current prices, 152 million VIS ‌shares ⁠are worth around 26.8 billion Taiwan dollars (US$850 million).

TSMC said the sale would not affect its strategic relationship with VIS, ​including outsourcing ​interposer production ⁠and licensing gallium nitride (GaN) technology to the company. It added that ​the share sale is part ​of ⁠its plan to focus resources on core business activities.

In June 2024, TSMC ceased ⁠to ​have representation on VIS’s ​board of directors.

Reporting by Wen-Yee Lee. ​Editing by Muralikumar Anantharaman and Mark Potter