Transaction details
Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) said in a filing to the Taiwan Stock Exchange that it has sold its entire shareholding in Arm Holdings (NASDAQ:ARM). The disposal was carried out through a unit of TSMC, which sold 1.11 million Arm shares at $207.65 per share, yielding total consideration of $231 million. Following the sale, TSMC no longer holds any shares in Arm.
Background on TSMC's Arm exposure
The chipmaker had been an investor in Arm since the British designer’s 2023 initial public offering, having invested up to $100 million at the time of the IPO. In 2024, TSMC sold 850,000 Arm shares for approximately $102 million, a prior step that reduced its stake. With the recent sale, TSMC effectively recovered the entirety of its initial investment in Arm, a result aided by Arm’s share price having more than doubled after the IPO.
Previous strategic interest and a separate deal
At an earlier stage, TSMC had expressed interest in acquiring Arm when owner SoftBank Group Corp. (TYO:9984) put the company up for sale. That interest did not lead to a bid after SoftBank entered into a transaction with NVIDIA Corporation (NASDAQ:NVDA) - a deal that largely fell through in 2022.
What the filing shows
- Shares sold: 1.11 million Arm shares
- Sale price: $207.65 per share
- Total proceeds: $231 million
- Post-sale position: TSMC holds no Arm shares
This transaction closes out TSMC’s remaining direct equity position in Arm, following its IPO investment and a prior sale of a portion of its holdings.
Market and corporate context
The disposal is a corporate portfolio action documented via the Taiwan Stock Exchange filing. The data in that filing provides the precise size, price, and total consideration for the transaction, and confirms TSMC’s current lack of ownership in Arm.