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Short Take: TSM buys stake in wafer maker

Taiwan Semiconductor Manufacturing has entered into an agreement to buy Altera's 23 percent ownership in WaferTech, a facility in Camas, Wash. that produces silicon wafers for chipmaking operations. TSM will pay $350 million for Altera's stake in the company, which is jointly owned by a number of companies. TSM, which manufacturers chips for companies that do not have their own factories, makes chips for Altera and will continue to do so, according to the companies.

Taiwan Semiconductor Manufacturing has entered into an agreement to buy Altera's 23 percent ownership in WaferTech, a facility in Camas, Wash. that produces silicon wafers for chipmaking operations. TSM will pay $350 million for Altera's stake in the company, which is jointly owned by a number of companies. TSM, which manufacturers chips for companies that do not have their own factories, makes chips for Altera and will continue to do so, according to the companies.