TSMC to invest up to $100m in Arm Holdings' IPO

TSMC to invest up to $100m in Arm Holdings' IPO

FILE PHOTO: A smartphone with a displayed Arm Ltd logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration

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.