TSMC buys nine Taichung plants from AU Optronics for NT$38.8 billion
In short
TSMC is buying nine plants and related facilities in Taichung from AU Optronics (友达光电) for a total of NT$38.8 billion, about US$1.2 billion, according to an exchange filing. AU Optronics said it expects a disposal gain of about NT$18.5 billion.
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CLS reported on 29 October, citing an exchange announcement, that TSMC is buying nine plants and related facilities in Taichung from AU Optronics (友达光电). The total transaction value is NT$38.8 billion, which CLS and 36Kr put at US$1.2 billion. The facilities are for operations and production use. [ 2 , 3 , 4 ]
AU Optronics also published an announcement saying it expects a disposal gain of about NT$18.5 billion. According to CLS and 36Kr, the company said it is committed to an asset-light operating model, asset revitalisation and an improved financial structure. [ 2 , 3 , 4 ]
Why it matters
The documents give TSMC's stated purpose only as operations and production use. AU Optronics said the sale fits its asset-light model and aims to improve its financial structure.
Key facts
- TSMC is acquiring nine plants and related facilities in Taichung from AU Optronics (友达光电). [ 2 , 3 , 4 ]
- The total transaction value is NT$38.8 billion, which CLS and 36Kr put at US$1.2 billion. [ 1 , 2 , 3 , 4 ]
- The facilities are for operations and production use. [ 2 , 3 , 4 ]
- AU Optronics expects a disposal gain of about NT$18.5 billion. [ 2 , 3 , 4 ]
- AU Optronics said it is committed to an asset-light operating model, asset revitalisation and an improved financial structure. [ 2 , 3 ]
Confirmed by several sources
Still unclear
- When the transaction will be completed. None of the documents gives a closing date or timetable.
- What TSMC plans to produce or do at the facilities. The documents say only that they are for operations and production use.
What local media are saying
Timeline, local time
- CLS reported that TSMC was buying Taichung plants and related facilities for NT$38.8 billion. [ 1 ]
- CLS reported the seller as AU Optronics and gave the details of nine plants and the expected gain. [ 2 ]
- 36Kr reported the same filing details. [ 3 ]
- Jiemian reported the purchase and AU Optronics' expected gain. [ 4 ]