TSMC to sell 5.1% of Xintec TSMC announced plans to sell 5.1% ownership of Xintec, which is part of the 10.2% Xintec ownership TSMC obtained from its purchase of OmniVision Technologies' 49.1% ownership in VisEra Holding and 100% ownership in Taiwan OmniVision Investment Holding on November 20, pursuant to TSMC's board approval on August 11. TSMC intends to sell the above mentioned 10.2% Xintec shares in an orderly manner when these shares are released from the IPO lock-ups. The 5.1% Xintec shares to be sold were released from lock-up on September 30, 2015, and the remaining 5.1% will be released on March 30, 2016. After the Xintec shares sales, TSMC will remain as the largest shareholder of Xintec with approximately 41% ownership. The share sales will not affect the business relations between the two companies and TSMC expects to continue its close collaboration with Xintec, the company noted.