Intel to sell 10% stake in IMS Nanofabrication to TSMC : vim

(Reuters) -Intel said on Tuesday it has agreed to sell a stake of about 10% in the IMS Nanofabrication business to Taiwan Semiconductor Manufacturing Co. Intel will retain majority ownership of IMS, and the transaction is expected to close in the fourth quarter. "The investment by TSMC we believe also demonstrates the excitement across the whole semiconductor manufacturing ecosystem for the significant opportunity ahead of IMS," Intel vice president of corporate development Matt Poirier said.

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