TSMC Supplier LCY Says KKR Will Exit Stake: Report (TSM:NYSE)

TSMC supplier LCY says KKR will exit stake: report (TSM:NYSE)

KKR plans to gradually sell its stake in Taiwan’s LCY Group, a key TSMC and Intel chemical supplier.

TSMC-Supplier LCY Says KKR Will Exit, Allowing Faster US Growth

Private equity giant KKR & Co. 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.

KKR plans gradual exit from TSMC supplier LCY

KKR is preparing to gradually sell its investment in Taiwanese chemical manufacturer LCY Group, according to the company’s chairman, as the family-controlled business looks to accelerate growth in semiconductor materials, according to a report by Bloomberg. LCY Group also wants to expand its international manufacturing footprint. There report cite chairman, Bowei Lee, as saying that the private equity firm would exit its interests in LCY Chemica…

Chip Stocks Keep Falling Even as TSMC and ASML Crush Earnings — Here’s Why

Something unusual is happening in the semiconductor sector: the earnings are outstanding, and the stocks keep falling. Taiwan Semiconductor Manufacturing (TSM) reported a record-breaking Q2 with revenue up 36% year-over-year to $40.2 billion and net income surging 77%. ASML posted a blowout quarter. Samsung Electronics reported a colossal 15-fold surge in operating profit. Yet TSMC sold off 5% after its report, ASML dropped 5%, and Samsung tanke…

TSMC vs NVIDIA vs ASML: Same Growth, Very Different Price Tags

NVIDIA, TSMC and ASML are all wonderful businesses riding the same wave. But “wonderful” and “cheap enough to buy today” are two different sentences, and one of them is charging a lot more for its growth than the others. If you’ve watched a single minute of the AI boom, the same three names keep turning up: NVIDIA, TSMC and ASML. All three are quality operators, all three are printing cash, and all three are riding the biggest capex super-cycle …