TSMC Will Invest Up to $100 Million in Chip Designer Arm Holdings’ IPO

TSMC, the world’s largest contract chipmaker, will invest up to $100 million in chip designer Arm Holdings Plc’s initial public share offering (IPO), it said on Tuesday.

SoftBank Group’s Arm Holdings, which launched the roadshow last week, aims to raise up to $4.87 billion in its U.S. IPO, according to a regulatory filing.

Arm has already signed up other major clients as cornerstone investors in its IPO, including Apple, Nvidia, Alphabet, Advanced Micro Devices, Intel and Samsung Electronics.

Read the source article at Yahoo Finance