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Intel to Sell 10% Stake in IMS Nanofab Business to TSMC

By Will Feuer


Intel said it has agreed to sell a roughly 10% stake in its IMS Nanofabrication business to contract-chip manufacturer TSMC in a deal that Intel says values the IMS business at about $4.3 billion.

Intel said it will continue to hold a majority stake in the business, which will keep operating as a standalone subsidiary of Intel. The deal is expected to close in the fourth quarter.

In June, Intel said it agreed to sell a roughly 20% stake in the IMS business to private-equity firm Bain Capital.

Intel first invested in IMS in 2009 and then bought the rest of the company in 2015.


Write to Will Feuer at


(END) Dow Jones Newswires

September 12, 2023 08:57 ET (12:57 GMT)

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