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TSMC targets CoWoS expansion with potential purchase of Innolux plant

At the close of 2023, Innolux shuttered its 5.5-generation LCD panel facility. Reports suggest that potential buyers for this plant include Micron and TSMC. Recently, TSMC has reportedly offered NT$20 billion (US$617 million) for the acquisition, which could substantially enhance Innolux’s non-operating income. Neither TSMC nor Micron has commented on the speculation.