TSMC, the world’s largest semiconductor foundry, will buy 75.3 million shares of Motech at a 17% discount to their 3-month trading average. The $193m purchase price vastly exceeds the $50m investment TSMC’s board reportedly approved in August to allow the Hsinchu-based firm to dip its toes into the solar industry.
The news follows close on the heels of an announcement from Gintech, the second largest Taiwanese solar-cell maker, that it will splash out $170m doubling its production capacity to more than 1 gigawatt within the next two years, as it looks to tap surging solar demand across Asia.
Speculation
