Intel to Sell 10% Stake in IMS Nanofabrication Business to TSMC for $4.3B
Portfolio Pulse from Benzinga Newsdesk
Intel Corporation has agreed to sell a 10% stake in its IMS Nanofabrication business to TSMC for $4.3 billion. The deal values IMS at $4.3 billion, consistent with a recent stake sale to Bain Capital. Intel will retain majority ownership of IMS, which will continue to operate as a standalone subsidiary. The transaction is expected to close in Q4 2023.
September 12, 2023 | 12:50 pm
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Intel is selling a 10% stake in IMS Nanofabrication to TSMC, but will retain majority ownership. The deal is expected to close in Q4 2023.
The sale of a minority stake in IMS to TSMC is a significant transaction for Intel, but as they are retaining majority ownership, the immediate impact on their stock is likely to be neutral. The deal could potentially free up capital for other investments or debt reduction.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
TSMC is acquiring a 10% stake in IMS Nanofabrication from Intel for $4.3 billion. The transaction is expected to close in Q4 2023.
TSMC's acquisition of a 10% stake in IMS is a significant investment, but as it is a minority stake, the immediate impact on their stock is likely to be neutral. The deal could potentially provide TSMC with access to new technology or markets.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100