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.
