Intel sells stake in IMS Nanofab

Intel has agreed to sell an approximately 10 per cent stake in its IMS Nanofabrication business to Taiwan Semiconductor Manufacturing Co (TSMC) in a deal valued at about US$4.3 billion. It remains the majority shareholder in IMS, which will continue to operate as a standalone subsidiary.

The deal is expected to close in Q4. In June, Intel sold a 20 per cent stake of IMS to Bain Capital at the same valuation.

Would you recommend this article?


Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.

Jim Love, Chief Content Officer, IT World Canada

Featured Download

CDN in your inbox

CDN delivers a critical analysis of the competitive landscape detailing both the challenges and opportunities facing solution providers. CDN's email newsletter details the most important news and commentary from the channel.

Big Bytes

Related Bytes