TSMC Sells Remaining Shares in Arm, Cashing Out Approximately $231 Million

On April 29, TSMC (TSM.N) announced in a company filing that it has sold its remaining shares in Arm (ARM.O). The filing revealed that TSMC Partners sold 1.11 million shares of Arm at a price of $207.65 per share from April 28 to 29, totaling approximately $231 million. This sale had an impact of $174 million on retained earnings. Following the completion of the transaction, TSMC no longer holds any shares in Arm. TSMC had previously invested about $100 million at a price of $51 per share during Arm's initial public offering in 2023, alongside several strategic investors. Subsequently, TSMC gradually reduced its holdings, selling 850,000 shares at a price of $119.47 per share in 2024, cashing out approximately $102 million.