(PR) Intel to Sell Minority Stake in IMS Nanofabrication Business to TSMC

Intel Corporation today announced that it has agreed to sell an approximately 10% stake in the IMS Nanofabrication business ("IMS") to TSMC. TSMC's investment values IMS at approximately $4.

3 billion, consistent with the valuation of the recent stake sale to Bain Capital Special Situations ("Bain Capital"). Intel will retain majority ownership of IMS, which will continue to ope ...