TSMC liquidates remaining Arm shares, cashing out approximately $231 million

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Golden Finance reported that on April 29, TSMC (TSM.N) said in a company filing on Wednesday that it has sold its remaining stake in Arm (ARM.O). The filing shows that TSMC Partners sold 1.11 million shares of Arm stock between April 28 and 29 at a price of $207.65 per share, for a total value of approximately $231 million. The sale had an impact of $174 million on retained earnings. After the transaction was completed, TSMC no longer holds any Arm shares. TSMC previously invested about $100 million during Arm’s initial public offering in 2023, together with several strategic investors, at a price of $51 per share. Since then, TSMC has continued to gradually reduce its holdings, selling 850k shares at $119.47 per share in 2024, raising about $102 million. (Jin10)

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