Arm’s shares fell by more than 7pc as TSMC sold off its final tranche of shares in the UK chip design company.
The world’s largest chipmaker, Taiwan’s TSMC, has sold off its final stake in Arm, the UK chip design company, according to a filing today. The filing says the shares sold over the past few days came to a total of around $231m.
TSMC invested some $100m in Arm at around $51/share during the latter’s IPO in 2023, gradually reduced the position through 2024, and has now fully exited at around $207 a share. According to Reuters, Arm shares fell some 7pc yesterday on the news.
Arm’s recent move into in-house chip making rather than just chip design has attracted much attention in recent times and the announcement of a major deal with Meta in March saw its shares soar, so the dip not likely to cause any major concern for shareholders.
Last month, Meta announced it was partnering with Arm, which is majority owned by Japan’s Softbank, “to develop a new class of CPUs to support growing AI workloads and general purpose computing”.
