May 20, 2004 – TSMC is denying reports that it has entered into a three-way deal with Macronix International Co. Ltd. and Vanguard International Semiconductor Corp. to outsource part of its chip production.
The Taiwan Economic News had reported that TSMC was using Macronix’s 200mm fab to make 0.35-micron LCD drivers for Himax Technology, and that it also might help equip Macronix’s 300mm fab in exchange for promised capacity. Vanguard was mentioned as a possible third partner in TSMC’s outsourcing plan. Moreover, the story said that Macronix would issue $303 million in global depository receipts (GDRs) in 2H04, with TSMC and VIS ready to subscribe.
TSMC responded by saying that it has no plans to purchase any GDRs, and that a deal with Macronix to helped TSMC with “handling one or two steps out of a 200-step 150mm IC manufacturing process” ended several months ago.