KKR Plans to Exit Li Chang Rong Stake, Enabling TSMC Supplier's Semiconductor Materials Expansion

KKR0.43%
TSM-1.27%
According to Bloomberg, KKR & Co. plans to gradually sell its stake in Li Chang Rong, a Taiwanese chemical company and Taiwan Semiconductor Manufacturing Company (TSMC) supplier. Li Chang Rong's president stated that KKR's exit will help accelerate the family-owned firm's expansion in semiconductor materials business, removing a potential constraint on growth.
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