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Taiwan Semiconductor Manufacturing Co has sold its remaining stake in Arm Holdings.
TSMC has fully exited its stake in Arm Holdings as of April 29, 2024.
KEY POINTS
- TSMC Partners sold 1.11 million Arm shares at $207.65 each, totaling about $231 million.
- The sale of Arm shares impacted TSMC's retained earnings by $174 million.
- TSMC invested $100 million in Arm at IPO but has now divested all shares.
- Arm shares dropped 7.98% coinciding with disclosure of TSMC's complete exit.
COMPANIES
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