TSMC to invest up to $100 million in Arm Holdings' IPO
Reuters
Published Sep 12, 2023 08:53
TAIPEI (Reuters) -TSMC, the world's largest contract chipmaker, will invest up to $100 million in chip designer Arm Holdings Plc's initial public share offering (IPO), it said on Tuesday.
SoftBank Group's Arm Holdings, which launched the roadshow last week, aims to raise up to $4.87 billion in its U.S. IPO, according to a regulatory filing.
Arm has already signed up other 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).
TSMC's Chairman Mark Liu said last week that "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."
TSMC also agreed to purchase 10% equity interest in IMS Nanofabrication Global, LLC from Intel for up to $432.8 million, the company said in a statement.
The investment valued IMS Nanofabrication at approximately $4.3 billion, said Intel, which will retain majority ownership of IMS.
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.