TSMC to Transfer Solar, LED Units into Two New Subsidiaries

As report goes, Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC) scheduled to transfer its solar and solid-state lighting businesses into two new subsidiaries.

Its LED-based solid-state lighting business will be transferred at a value not exceeding NT$2.8 billion ($96.9 million) to serve as initial paid-in capital for TSMC Solid State Lighting Ltd. And its previously-announced solar business will be transferred value not exceeding NT$12.5 billion ($432.8 million) to serve as initial paid-in capital for TSMC Solar Ltd..

TSMC expects the establishment of these two subsidiaries can motivate entrepreneurship and facilitate business specialization to strengthen overall competitiveness and operational efficiency.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<

Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.