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Taiwan Semiconductor Manufacturing Company Ltd. (TSM.US) Fully Sells Down Stake in Arm Holdings plc (ARM.US), Cashes In Over USD200M
Taiwan Semiconductor Manufacturing Company Ltd. (TSM.US), through its subsidiary TSMC Partners, has fully divested its stake in Arm Holdings plc (ARM.US). The company sold 1.11 million Arm shares between April 28 and 29 for approximately USD231 million, having initially invested as a cornerstone investor in 2023 for about USD100 million. This divestment comes as part of TSM’s strategy to dispose of equity investments, with Arm’s shares experiencing a significant drop recently.