Intel: to sell minority stake in IMS Nanofabrication
(CercleFinance.com) - Intel Corporation today announced that it has agreed to sell an approximately 10% stake in the IMS Nanofabrication business to TSMC.
TSMC's investment values IMS at approximately $4.3 billion, consistent with the valuation of the recent stake sale to Bain Capital Special Situations.
Intel will retain majority ownership of IMS, which will continue to operate as a standalone subsidiary under the leadership of CEO Dr. Elmar Platzgummer. The transaction is expected to close in the fourth quarter of 2023.
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