Asia Tech Wire (Aug 2) -- TSMC has called online advertisements for low-priced subscriptions to its treasury shares a scam.

TSMC said in a statement Friday that the company does not participate in any investment or stock-trading related public organizations, publish such advertisements, or share investment and financial experiences.

The chip maker pointed out that investment advertisements on social networks claiming that TSMC treasury shares can be purchased at a low price are fraudulent.

"The company reserves the right of legal recourse against fraudulent situations," TSMC emphasized.