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

AUO has 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, and has terminated a planned NT$19.7 billion sale of its Huaya facilities to Quanta after the two companies failed to agree on usage specifications and delivery schedules. AUO expects the Taichung transaction to generate approximately NT$18.5 billion in disposal gains after related transaction costs and estimated taxes.