Lates News

Taiwan Semiconductor Manufacturing Co. (TSM.N) said in a company filing on Wednesday that it has sold its remaining stake in Arm (ARM.O). The filing showed that TSMC Partners sold 1.11 million shares of Arm stock at a price of $207.65 per share on April 28-29, totaling approximately $231 million. This sale had an impact of $174 million on retained earnings. Following the transaction, Taiwan Semiconductor no longer holds any shares of Arm. Taiwan Semiconductor had invested approximately $100 million at a price of $51 per share during Arm's initial public offering in 2023 alongside several strategic investors. Subsequently, Taiwan Semiconductor continued to gradually sell off its stake, cashing out approximately $102 million by selling 850,000 shares at a price of $119.47 per share in 2024.