Taiwan Semiconductor Manufacturing Company Limited (TSM) or TSMC and Motech Industries Inc. jointly announced the signing of a share subscription agreement, by which TSMC will subscribe through a private placement for 75.32 million new Motech shares. The total consideration is about NT$6.2 billion or US$193 million, or NT$82.7 per share, representing a 16.9% discount to Motech's 3-month average closing price. TSMC will become the largest shareholder of Motech with 20% shareholding through this investment. The transaction is subject to Motech's shareholders' approval and regulatory approval.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.