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

Taiwan

TAIPEI, April 29 : 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. CNA Games

Taiwan's TSMC exits Arm with $231 million share sale https://www.channelnewsasia.com/ - 08:48

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Taiwan's TSMC exits Arm with $231 million share sale https://www.channelnewsasia.com/ - 08:48