IMS

Intel and TSMC have announced an agreement in which TSMC will acquire a 10% stake in IMS Nanofabrication. IMS, controlled by Intel, produces multi e-beam photomask writing tools, whose significance is on the rise. TSMC has collaborated with IMS Nano since 2012, and this investment is expected to deepen their partnership. TSMC's acquisition of a 10% stake in IMS Nano is priced at $430 million, aligning with the company's valuation of approximately $4.3 billion. Earlier this year, Intel divested a 20% stake in IMS Nano to Bain Capital for $860 million, aiming to enhance its independence and valuing the company at the same $4.3 billion. After this transaction with TSMC, Intel will still hold about 70% of the multi-e-beam photomask tool company. "TSMC has been working...