# TSMC plans to sell ‌up to 152 million shares in Vanguard International Semiconductor via a block trade.

*semiconductor · news · 2026-05-15 · Bnn Bloomberg*

## Key points

- TSMC plans to sell up to 152 million VIS shares via a block trade to institutions.
- TSMC's stake in Vanguard will drop from 27.1% to approximately 19% after the sale.
- TSMC no longer has representation on VIS’s board as of June 2024.
- The sale will not affect TSMC's outsourcing or licensing agreements with VIS.

**Companies:** TSMC, Vanguard International Semiconductor
**Countries:** Taiwan

[Read the full story on Bnn Bloomberg](https://www.bnnbloomberg.ca/business/2026/05/15/tsmc-plans-to-sell-152-million-shares-in-chipmaker-vanguard/)

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