AUO sells Taichung plant to TSMC for NT$38.8B, scraps Quanta deal

AUO approved the sale of its Taichung Plant Phase II facilities and related infrastructure to TSMC for NT$38.8 billion (US$1.2 billion), excluding taxes. The company also terminated a planned NT$19.7 billion sale of its Huaya facilities to Quanta.

• TSMC deal is valued at NT$38.8 billion, or about US$1.2 billion
• Sale covers Phase II facilities at the Taichung plant
• Planned NT$19.7 billion sale to Quanta was terminated