Alchip Technologies Buys Machinery Worth NT$671 Million from TSMC; Shares Rally 5%

MT Newswires Live04-24

Alchip Technologies (TPE:3661) procured machinery and equipment worth NT$670.7 million, according to a Thursday Taiwan Exchange filing.

Shares rose nearly 5% in Friday's early afternoon trade.

The equipment was purchased from Taiwan Semiconductor Manufacturing (TPE:2330), or TSMC, between Jan. 1 and April 23.

The acquisition is aimed at supporting the company's production operations, the filing said.

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