Wednesday, May 26, 2010
Taiwan Semiconductor Manufacturing Co. Ltd announce it will invest $5 million, or about NT$160 million, in a venture capital company based in Shanghai.
Taiwan's Investment Commission has approved the investment in the company, in which TSMC will only take a minor stake. The venture capital firm will be capitalized at 500 million yuan (about $75 million).
"The new venture capital firm will focus on China's IC design business, which has enjoyed high growth.The investment is expected to bring a good return to TSMC," the report quoted an unnamed TSMC executive as saying. The TSMC investment is being made through TSMC Partners.
By: DocMemory
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