(CercleFinance.com) – Intel announces that it has agreed to sell a stake of approximately 10% in IMS Nanofabrication to TSMC, an investment which values IMS at approximately $4.3 billion, ‘which corresponds to the valuation of the recent sale of participation in Bain Capital’.
The microprocessor giant will, however, retain majority ownership of IMS, which will continue to operate as a standalone subsidiary under CEO Elmar Platzgummer. The transaction is expected to close in the fourth quarter of 2023.
Together, Bain Capital and TSMC’s investments provide IMS with increased autonomy that will help accelerate its growth and ‘drive the next phase of lithographic technology innovation.’
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