TSMC (2330. TW), the world’s biggest contract chipmaker, said on Tuesday that it would invest up to $100 million in the initial public offering (IPO) of chip designer Arm Holdings Plc. TSMC is the largest contract chipmaker in the world.
According to a regulatory filing, Arm Holdings, owned by SoftBank Group (9984.T) and started its roadshow last week, intends to raise $4.87 billion during its initial public offering (IPO) in the United States.
Other significant customers of Arm’s, such as Apple (AAPL.O), Nvidia (NVDA.O), Alphabet (GOOGL.O), Advanced Micro Devices (AMD.O), Intel (INTC.O), and Samsung Electronics (005930. KS), have already agreed to become cornerstone investors in the company’s initial public offering (IPO).
Last Monday, the Chairman of TSMC, Mark Liu, said, “Arm is an important element of both our technology and our customers’ ecosystems.” We want it to be prosperous, and we want it to be in good shape. That is the crux of the matter.”
According to a statement released by the firm, TSMC also reached an agreement with Intel to buy a 10% ownership stake in IMS Nanofabrication Global, LLC, for a price that may reach $432.8 million.
According to Intel, which will maintain majority control of IMS Nanofabrication despite the investment, the valuation of IMS Nanofabrication was roughly $4.3 billion.
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