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Intel to sell 10% stake in IMS Nanofabrication to TSMC

Credit: REUTERS/DADO RUVIC

September 12, 2023 — 08:34 am EDT

Written by Yuvraj Malik for Reuters ->

Sept 12 (Reuters) - Intel INTC.O said on Tuesday it has agreed to sell a stake of about 10% in the IMS Nanofabrication business to Taiwan Semiconductor Manufacturing Co 2330.TW.

The transaction values IMS at about $4.3 billion.

(Reporting by Yuvraj Malik in Bengaluru; Editing by Shounak Dasgupta)

((yuvraj.malik@thomsonreuters.com))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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