Taiwan Semiconductor Manufacturing Company (TSMC) announced on December 3 that it had disposed of approximately 234 million shares of Semiconductor Manufacturing International (SMIC) at HK$0.341 (US$0.04) each, cutting its stake in the China foundry to 4%.

TSMC in July sold a part of its holding in SMIC. The transaction already cut TSMC's stake in SMIC to 7.6%.

TSMC in late 2009 reached an agreement with SMIC to settle their trade secrets dispute, which allowed the Taiwan foundry to receive cash payments as well as an about 8% stake in SMIC.

By: DocMemory
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