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Aiga > Tala Fou > [{1 1}]

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On the evening of February 21, TSMC Partners, the leading wafer foundry company, announced that it had sold its holdings in Arm, a subsidiary of Japan's SoftBank Group, for a total of 850,000 shares at a price of US$119.47 per share, with a profit of approximately 58 million. US dollars (approximately NT$1.828 billion). After the sale, TSMC still holds approximately 1,110,784 shares, with the value of its shares reaching US$135 million (approximately NT$4.255 billion).
Arm will be listed on the NASDAQ in September 2023, with an initial public offering (IPO) priced at US$51 per share. TSMC spent nearly US$100 million to participate in Arm's initial public offering and obtained about 0.2% of the equity.

After Arm was listed on the market, the stock price began to rise. As of the close of trading on the 20th U.S. time, the stock price had reached $121.77. Since its listing, Arm’s cumulative growth has reached as high as 117%. From the original drag bottle of SoftBank Group, it has become a golden chicken for the group’s profits.
In response to this share sale, TSMC responded that it was mainly to recover costs and had no further plans to release shares thereafter.