TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD acquired Acer Semiconductor Manufacturing Inc. (TSMC-Acer / TASMC), a transaction completed in June 2000, structured as equity purchase - remainder merger accounted for as a purchase.
Acer Semiconductor Manufacturing Inc. (TSMC-Acer / TASMC) operates in DRAM / 200mm foundry fab, is based in Hsinchu Science Park, Taiwan. In August 1999 TSMC acquired 32% of Acer Semiconductor Manufacturing Inc., a specialized DRAM manufacturer with one 200mm fab in the Hsinchu Science Park, and the company was renamed TSMC-Acer Semiconductor Manufacturing Corporation. On June 30, 2000, TSMC acquired by merger the remaining interest it did not already own; the merger was accounted for as a purchase, and TSMC-Acer's results were consolidated from the merger date.
Acquired to rapidly increase capacity in response to strong demand for foundry services.
Integrated as a wholly owned 200mm foundry fab
To rapidly increase our capacity in response to strong demand for our services in 1999, in August 1999, we acquired 32% of the outstanding equity securities of Acer Semiconductor Manufacturing Inc. ... On June 30, 2000, we acquired by merger the remainder of TSMC-Acer that we did not already own. The merger was accounted for as a purchase.TSMC FY2003 Form 20-F, Item 4 Business
Advisory firms were not disclosed for this transaction.