TSMC supplier LCY says KKR will exit stake: report
Seeking Alpha··1 min read
TSMC supplier LCY says KKR will exit stake: report
Private equity giant KKR (KKR) plans to gradually sell its stake in LCY Group’s business, the Taiwan chemical maker’s chairman said, paving the way for the family-controlled company to accelerate the expansion of its semiconductor material operations. Bowei Lee, chairman of LCY Group, which supplies specialty chemicals to technology companies inclu...
Private equity giant KKR (KKR) plans to gradually sell its stake in LCY Group’s business, the Taiwan chemical maker’s chairman said, paving the way for the family-controlled company to accelerate the expansion of its semiconductor material operations.
Bowei Lee, chairman of LCY Group, which supplies specialty chemicals to technology companies including Taiwan Semiconductor Manufacturing Co. (TSM) and Intel (INTC), told Bloomberg in an interview, declining to say who may be the buyer for KKR’s interests, which include stakes in LCY Chemical Corp. and an affiliate.
More on Taiwan Semiconductor Manufacturing Company, KKR & Co.
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