TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD acquired Worldwide Semiconductor Manufacturing Corporation (WSMC), a transaction completed in June 2000, structured as stock - accounted for as a pooling-of-interest.
Worldwide Semiconductor Manufacturing Corporation (WSMC) operates in Dedicated wafer foundry, is based in Hsinchu, Taiwan. Worldwide Semiconductor Manufacturing Corporation was the third-largest dedicated foundry in Taiwan, established in May 1996. In June 2000, with demand for foundry services running hot, TSMC acquired WSMC to rapidly add manufacturing capacity. The transaction was structured as a merger and accounted for as a pooling-of-interest, so TSMC's consolidated financial statements were restated to include WSMC's results for all periods presented.
Acquired to rapidly increase capacity in response to strong demand for foundry services in early 2000.
Absorbed into TSMC's Taiwan foundry manufacturing base
To rapidly increase our capacity in response to strong demand for our services in early 2000, in June 2000, we acquired Worldwide Semiconductor, the third-largest dedicated foundry in Taiwan established in May 1996. The merger was accounted for as a pooling-of-interest.TSMC FY2003 Form 20-F, Item 4 Business
Advisory firms were not disclosed for this transaction.