Powerchip Investment Holding Corp. – the parent company of chip foundry PSMC – is facing a corporate control battle following the passing of founder Frank Huang on July 31, media report. Management has filed a lawsuit against a group of minority shareholders who are seeking a 20% equity stake to challenge board seats at an election on Nov. 25. Minority faction’s proposal: NT$50/share buyout (NT$13.6 billion total) versus the current unlisted market bid prices of NT$37-NT$38. https://money.udn.com/money/story/5612/9853059?from=edn_subcatelist_cate&dark_mode=1