ArrowArtboardCreated with Sketch.Title ChevronCrossEye IconIcon FacebookIcon LinkedinShapeCreated with Sketch.Icon Mail ContactPath LayerIcon MailMenu BurgerIcon Opinion QuotePositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter

TSMC acquires Qualcomm facility for $85M

TAIPEI -- Apple supplier Taiwan Semiconductor Manufacturing said in a local exchange filing Wednesday it has reached an agreement with Qualcomm to purchase the U.S. mobile chipmaker's facility in the northern county of Taoyuan for $85 million.

    According to a source familiar with the deal, TSMC will turn the Qualcomm plant, which churns out display products using the U.S. company's mirasol technologies, into an advanced packaging facility.

     "TSMC aims to bolster its partnership with Qualcomm, a major client, with the purchase at a time when the U.S. company is looking to get out of the mirasol display business," Carlos Peng, an analyst with Fubon Securities, said. "TSMC is not really going to invest significantly in advanced packaging."

You have {{numberReadArticles}} FREE ARTICLE{{numberReadArticles-plural}} left this month

Subscribe to get unlimited access to all articles.

Get unlimited access
NAR site on phone, device, tablet

{{sentenceStarter}} {{numberReadArticles}} free article{{numberReadArticles-plural}} this month

Stay ahead with our exclusives on Asia; the most dynamic market in the world.

Benefit from in-depth journalism from trusted experts within Asia itself.

Try 3 months for $9

Offer ends September 30th

Your trial period has expired

You need a subscription to...

See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

See all offers
NAR on print phone, device, and tablet media