The world’s leading contract semiconductor manufacturer has completely withdrawn from its investment in chip designer Arm Holdings, according to regulatory documents filed Wednesday.
Taiwan Semiconductor Manufacturing Company disclosed that its subsidiary TSMC Partners divested 1.11 million shares of Arm stock over two days, April 28-29, at a price of $207.65 per share. The transaction generated approximately $231 million in proceeds.
The stock sale created a $174 million impact on the company’s retained earnings, the filing revealed.
With this latest divestment completed, TSMC has completely eliminated its position in Arm Holdings.
Company documents described the move as part of disposing an equity investment.
TSMC had initially purchased approximately $100 million worth of Arm stock at $51 per share when the chip design company went public in 2023, joining other strategic investors in the offering.
The Taiwanese manufacturer had been systematically reducing its holdings throughout the year, previously selling 850,000 shares in 2024 at $119.47 each, generating roughly $102 million according to earlier regulatory filings.
Arm’s stock price declined 7.98% during Tuesday’s trading session.
