Courtesy of Benzinga.
Taiwan Semiconductor (NYSE: TSM) today announced to sell 29.16 million common shares of Motech Industries, Inc. (“Motech”), or approximately 6% of Motech’s paid-in-capital. After the sale, TSMC will hold approximately 12% of Motech shares. TSMC intends to exit from its financial investment in Motech in an orderly manner in the future.
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