Taiwan's TSMC exits Arm with $231 million share sale

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 8/20/2026

1. TGT
2. EL
3. SPY
4. BILL
5. MRK
6. MRNA
7. ADI
8. LOW
9. WMT
10. TJX

April 28, 2026 11:44 PM EDT

FILE PHOTO: FILE PHOTO: The TSMC logo is displayed on a building in Hsinchu, Taiwan April 15, 2025. REUTERS/Ann Wang/File Photo/File Photo/File Photo

By Wen-Yee ‌Lee

TAIPEI, April ​29 (Reuters) - ​Taiwan Semiconductor Manufacturing Co, the world’s largest contract chipmaker, ‌has sold its remaining stake in ⁠Arm Holdings, according to a company ‌filing on Wednesday.

Its subsidiary, ‌TSMC Partners, sold 1.11 million Arm shares from April 28 to ​29 at $207.65 each, for a total of about $231 million, the ⁠filing showed.

The disposal resulted in an impact on retained ​earnings of $174 million.

Following the transaction, TSMC no longer holds any ​Arm shares.

The company said ‌the transaction was part of a disposal of an ⁠equity investment, according to the filing.

TSMC had invested about $100 million in Arm ⁠at $51 per share during the chip designer’s ​initial public offering in 2023, alongside several strategic investors.

It has been gradually reducing its ‌stake, having sold 850,000 shares in 2024 at $119.47 each ‌for about $102 million, according to ⁠filings at the ‌time.

Arm shares ​fell 7.98% on Tuesday.

(Reporting by Wen-Yee Lee; Editing by Thomas ‌Derpinghaus)


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Reuters

Related Entities

Earnings, IPO