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On August 15, according to a report by Liberty Times Net, TSMC announced that it had signed a contract with panel manufacturer Innolux to purchase its plant and associated facilities in the Southern Taiwan Science Park.

The facility spans over 96,000 square meters, and the transaction value is NTD 17.14 billion (US$530.6 million), notably lower than the rumored market price of over NTD 20 billion. TSMC has stated that the acquired facility will be used for operations and production.

Innolux recently announced the sale of its 5.5-generation LCD panel plant, known as the 4th Plant in Tainan. Previously, Economic Daily News reported that both Micron and TSMC were interested in acquiring the facility. Rumors suggested that TSMC had offered a price 20% higher than the base price, intending to use the facility to expand its advanced process or advanced packaging capacity.

According to sources cited by Liberty Times Net, TSMC’s original plant is located in the northwest part of the Southern Taiwan Science Park, while the newly acquired Innolux plant is in the southwest, meaning they are not adjacent.

TSMC has a history of acquiring and repurposing plants in the area. For example, it previously purchased a facility from Hannstar, which it demolished and rebuilt, as the layout of panel plants differs from that of semiconductor fabs. TSMC also acquired a plant from E-Ton Solar Tech in the Southern Taiwan Science Park, which is now being used as an intelligent warehouse.

Innolux’s sale is expected to contribute around NTD 1.84 per share in earnings, based on its post-capital-reduction share capital of NTD 79.8 billion.

Editor：Lulu

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