TSMC to invest up to $100 million in Arm Holdings’ IPO

TSMC, the world’s largest contract chipmaker, will make investments as much as $100 million in chip designer Arm Holdings Plc’s preliminary public share providing (IPO), it stated on Tuesday.

SoftBank Group’s Arm Holdings, which launched the roadshow final week, goals to boost as much as $4.87 billion in its US IPO, in accordance with a regulatory submitting.

Arm has already signed up different main purchasers as cornerstone buyers in its IPO, together with Apple, Nvidia, Alphabet, Advanced Micro Devices, Intel and Samsung Electronics.

TSMC’s Chairman Mark Liu stated final 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 additionally agreed to buy 10% fairness curiosity in IMS Nanofabrication Global, LLC from Intel for as much as $432.8 million, the corporate stated in a press release.

The funding valued IMS Nanofabrication at roughly $4.3 billion, stated Intel, which can retain majority possession of IMS.

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