Taiwan’s TSMC Sells Struggling LED Business to Epistar for $26M

Taiwan Semiconductor Manufacturing Co Ltd has agreed to sell its LED lighting unit to local firm Epistar Corp in a $26 million deal that will allow both Taiwanese companies to focus on their core business.

The deal, announced on Friday, underscores the price wars that have slashed the profitability of LED makers.

The lighting unit, established in 2011, was considered a late entrant into the LED market and has “struggled” to reach profitability, both companies said in a stock exchange filing on the deal.