EE Times India, 11 Sep 2009
Chartered was originally formed by the Singaporean government. Temasek Holdings, an Asia investment house headquartered in Singapore, owns a huge stake in Chartered.
In recent times, Temasek made it no secret it was seeking to unload Chartered. The investment firm was most likely tired of the cyclical nature of the semiconductor business. It was also sick and tired of the losses at Chartered. While Chartered was racking up losses, TSMC was rolling in profits over the years. It must have been frustrating for the investment firm.
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