Acer-TSMC deal draws closer
PrintCould be as much as 35 per cent
Posted in Business, 3rd June 1999 03:48 GMT
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Computex More details have emerged about the deal between Acer and Taiwan Semiconductor Manufacturing Co(TSMC), revealed here yesterday. See Acer set to strike deal with TSMC. Morris Chang, chairman of TSMC, confirmed that both his company and Acer are in talks over an equity stake in the ailing chip division. TSMC may even take as much as 35 per cent share in Acer Semicon, according to sources close to both companies. The two sides are still thrashing out details of the deal. Stan Shih, CEO of Acer, turned his attention to the ailing semiconductor division after its balance sheet look like it was streaked with red blood. See our story from the end of last year: Acer attempting to sell semi division. ®
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