TSMC to decide this week whether to invest in Arm IPO
Reuters
Published Sep 06, 2023 02:52
By Ben Blanchard
TAIPEI (Reuters) -TSMC, the world's largest contract chipmaker, will decide this week whether to invest in chip designer Arm Holdings' blockbuster initial public offering (IPO), Chairman Mark Liu said on Wednesday.
Speaking on the sidelines of the SEMICON Taiwan summit, Liu said his company was still evaluating the matter and, when pressed on when a decision may come, he added "this week".
"Arm is an important element of our ecosystem, our technology and our customers' ecosystem. We want it to be successful, we want it to be healthy. That's the bottom line," Liu said.
On Tuesday, SoftBank Group's Arm Holdings launched the roadshow for its IPO as the chip designer tries to convince investors it is worth as much as $52 billion in this year's biggest share sale.
Arm has already signed up many of its major clients as cornerstone investors in its IPO, including Apple (NASDAQ:AAPL), Nvidia, Alphabet (NASDAQ:GOOGL), Advanced Micro Devices (NASDAQ:AMD), Intel (NASDAQ:INTC) and Samsung Electronics (KS:005930).
Speaking about Taiwan Semiconductor Manufacturing Co Ltd's (TSMC) plant in the U.S. state of Arizona, where it is investing $40 billion in a massive project, Liu said he had no concern over its ability to be successful.
"I just came from Arizona last month. Any project of that new fertile ground will have some learning curve. In the past five months the improvement has been tremendous. I’m sure it will be a very successful project," he said.
In July, TSMC said production due to start next year at its first chip fabrication facility, or fab, in Arizona would be delayed until 2025 due a shortage of specialist workers.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.