TSMC to invest in Tela for US$65 million

Jessie Shen, DIGITIMES

TSMC Partners, a TSMC unit engaged in making investments in semiconductor companies, will buy about 10 million shares of Tela Innovations for US$6.24 a share or a total of US$65 million, according to a company filing with the Taiwan Stock Exchange (TSE).

The transaction will enable TSMC Partners to hold a 25% stake in Tela, the filing disclosed.

In February 2009, TSMC and Tela formed a strategic partnership to develop co-optimized design solutions using Tela’s patented lithography-optimized design technology and TSMC’s derivative processes.

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