TSMC Sells Remaining Stake in Arm for $231 Million
Taiwan Semiconductor Manufacturing Co (TSMC) has sold its remaining shares in Arm Holdings for $231 million, marking its complete exit from the company. The sale, conducted by TSMC Partners, involved 1.11 million shares at $207.65 each, resulting in a $174 million impact on retained earnings. This follows previous sales in 2024 and reflects TSMC's strategy to divest its equity investment in Arm.
Tickers: $ARM
Topics: Arm Holdings equity sale investment exit stock market TSMC