TSMC approached to buy Chartered?

Posted on Thursday, October 30 2008 @ 0:05 CET by Thomas De Maesschalck
Word is going around that Taiwanese foundry TSMC has been approached to buy all or part of Singaporean rival Chartered Semiconductor Manufacturing:
''TSMC, the world's top contract chip maker, said on Monday it had no comment on market speculation that Singapore's Temasek Holdings had approached TSMC to sell its stake in Chartered Semiconductor,'' according to a report from Reuters.

Singapore's Temasek Holdings is a major shareholder in Chartered. In the report, TSMC declined to comment.


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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.



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