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Taiwan Semiconductor Producing Co. strategies to make investments up to US$100 million in Arm Holdings’ first general public featuring.
TSMC
2330,
TSM,
mentioned late Tuesday that its board authorised the investment at a special meeting.
Arm and its underwriters are set to rate the IPO on Wednesday following a 7 days-lengthy roadshow pitch to investors. Its American depositary shares are expected to start trading Thursday on the Nasdaq. The British chip designer is in search of a valuation of at minimum US$52 billion.
SoftBank Group
9984,
which has owned Arm since 2016, is offering 95.5 million shares in the chip designer, or about 10% of the enterprise. SoftBank expects to maintain the remaining shares.
A range of Arm’s consumers, together with Nvidia
NVDA,
Samsung Electronics
005930,
and Apple
AAPL,
are exhibiting assistance for the corporation by agreeing to buy shares in the IPO.
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