TSMC to Invest up to $100 Mln in Arm Holdings' IPO

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TSMC to Invest up to $100 Mln in Arm Holdings' IPO

Reuters2023-09-12

TAIPEI, Sept 12 (Reuters) - TSMC , the world's largest contract chipmaker, said it would invest up to $100 million in Arm Holdings Plc's initial public share offering (IPO), it said on Tuesday.

The company also agreed to purchase 10% equity interest in IMS Nanofabrication Global, LLC from Intel Corp for up to $432.8 million, the statement said.

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