Taiwan Semiconductor Manufacturing Corp. or TSMC (TPE:2330) unit Emerging Fund, L.P. sold 189,736 shares of Astera Labs for $10 million, according to a Wednesday Taiwan Exchange filing.
The shares were sold at $50.08 per share, and the transaction resulted in an impact of $8 million on retained earnings.
The chip manufacturer sold the securities under the company's equity investment strategy.
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