Intel has agreed to sell a 10% stake in its IMS Nanofabrication business to Taiwan Semiconductor Manufacturing Co (TSMC) for roughly $4.3 billion. The deal, expected to close in the fourth quarter of this year, leaves Intel as the majority owner of the unit.
Intel acquired IMS in 2015. The Austrian fab company is a leading producer of multi-beam mask writing tools, a chip manufacturing component known as “high-NA” extreme ultraviolet equipment that is required for the fast production of AI and mobile chips. Earlier this year, Intel sold a 20% stake in the business to Bain Capital at the same valuation.