Philips announces internal transfer of TSMC shares

Royal Philips Electronics announced today that it has acquired from its fully owned subsidiary Philips Electronics Industries (Taiwan) approximately 1928 million shares of Taiwan Semiconductor Manufacturing Company (TSMC).

As a result PEI will no longer hold shares in TSMC and Philips is the sole holder of shares in TSMC held within the Philips Group.

More here at DigiTimes.

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