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TSMC Partners, a subsidiary, sold 1.11 million Arm shares on April 28-29 at a price of $207.65 per share. In total, it generated approximately $231 million from the sale. As a result of the transaction, TSMC no longer holds any Arm shares.
The deal reduced TSMC's retained earnings by $174 million. The company emphasized that the sale of Arm shares was part of its withdrawal from equity investments in the chipmaker.
TSMC invested roughly $100 million in Arm during the chipmaker's initial public offering in 2023. At that time, together with strategic investors, it purchased securities at a price of $51 per share. Since then, TSMC has progressively reduced its stake in Arm: in 2024, it sold 850,000 shares worth approximately $102 million, at $119.47 each.
source: reuters.com
The deal reduced TSMC's retained earnings by $174 million. The company emphasized that the sale of Arm shares was part of its withdrawal from equity investments in the chipmaker.
TSMC invested roughly $100 million in Arm during the chipmaker's initial public offering in 2023. At that time, together with strategic investors, it purchased securities at a price of $51 per share. Since then, TSMC has progressively reduced its stake in Arm: in 2024, it sold 850,000 shares worth approximately $102 million, at $119.47 each.
source: reuters.com
