Intel to Sell 10% Stake in IMS Nanofabrication to TSMC for $430 Million
September 12, 2023
Intel agreed to sell a 10% minority stake in its IMS Nanofabrication business to Taiwan Semiconductor Manufacturing Company (TSMC) in a deal valued at about $430 million. The investment values IMS at roughly $4.3 billion, with Intel retaining majority ownership as IMS continues operating as a standalone subsidiary under CEO Dr. Elmar Platzgummer.
- Buyers
- TSMC
- Targets
- IMS Nanofabrication
- Sellers
- Intel Corporation
- Industry
- IT Services
- Location
- Austria
- Transaction Type
- Growth capital
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