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Taiwan Semiconductor Manufacturing Company (TSMC), the world’s leading contract chipmaker, has officially divested its remaining stake in Arm Holdings, marking the end of its investment in the UK-based chip designer. According to a recent company filing released Wednesday, TSMC completed the sale through its subsidiary, TSMC Partners, offloading 1.11 million Arm shares between April 28 and April 29 at an average price of $207.65 per share. The transaction generated approximately $231 million in proceeds.
The move had a notable financial impact, contributing around $174 million to TSMC’s retained earnings. Following this latest disposal, the semiconductor giant no longer holds any shares in Arm, signaling a complete exit from the investment. The company described the transaction as part of a broader equity investment disposal strategy, aligning with its ongoing portfolio optimization efforts.
TSMC initially invested roughly $100 million in Arm during the chip designer’s initial public offering (IPO) in 2023, purchasing shares at $51 each. This investment was made alongside several strategic partners, highlighting industry confidence in Arm’s long-term growth potential. However, TSMC has been gradually reducing its position over time. In 2024, it sold 850,000 shares at $119.47 each, generating about $102 million, based on earlier disclosures.
The timing of TSMC’s full exit comes as Arm shares experienced volatility, with the stock declining 7.98% on Tuesday. Despite the recent dip, Arm’s share price remains significantly higher than its IPO level, suggesting that TSMC capitalized on strong market performance to secure substantial returns.
This development underscores TSMC’s strategic approach to managing investments while maintaining its core focus on semiconductor manufacturing. As the global chip industry continues to evolve, TSMC’s decision reflects a shift toward prioritizing operational efficiency and capital allocation in a competitive market landscape.
