Taiwan’s TSMC exits Arm with $231 million share sale

TAIPEI: Taiwan Semiconductor Manufacturing Co, the world’s largest contract chipmaker, has sold its remaining stake in Arm Holdings, according to a company filing ‌on ⁠Wednesday.

Its subsidiary, ⁠TSMC Partners, sold 1.11 million Arm shares from April 28 to 29 at $207.65 each, for a total of about $231 million, the filing showed.

The disposal resulted in ⁠an impact ‌on retained earnings of $174 million.

Following the transaction, TSMC ⁠no longer holds any Arm shares.