QUICK SPARK: KKR Moves Toward Exit from TSMC Supplier LCY after $1.56B Investment
KKR & Co. is planning to gradually exit Taiwanese semiconductor materials supplier LCY Group following its $1.56 billion investment in 2019.
KKR, a big investment company, is slowly selling its ownership in a company that makes materials for computer chips. This shows the investment didn't work out as hoped, so it's time for KKR to move money to other ideas.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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