Gate News message, April 29 — Taiwan Semiconductor Manufacturing Company (TSMC) sold its remaining stake in Arm Holdings for approximately $231 million on April 28 and 29, according to a company filing. The sale marks TSMC’s complete exit from its investment in the British chip designer’s 2023 initial public offering.
TSMC’s subsidiary TSMC Partners sold 1.11 million Arm shares at $207.65 each, adding $174 million to retained earnings. TSMC originally invested approximately $100 million in Arm shares at $51 per share during the IPO and had previously sold 850,000 shares in 2024 for about $102 million.
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