TSMC's board of directors approved to subscribe for Arm shares for no more than US $100 million

CTOnews.com, September 12, according to TSMC's official website, TSMC held an interim board of directors on September 12, with the following important decisions:

It is approved to acquire a 10% stake in IMS Nanofabrication Global and LLC from Intel Corporation within an amount of not more than US $432.8 million (CTOnews.com Note: currently about RMB 3.159 billion).

Approval to subscribe for Arm Holdings plc ordinary shares within a limit of not more than US $100 million (currently approximately RMB 730 million), and the subscription price will be determined according to the final price of the company's initial public offering.

It is reported that Arm will go public this week and is currently under pre-subscription. However, hot demand could cause investment banks to end their subscriptions a day earlier. According to people familiar with the matter, Arm has subscribed more than 10 times, and the investment bank plans to stop accepting subscriptions by Tuesday afternoon, that is, a day ahead of schedule. It is not uncommon for companies to stop subscribing early during initial public offerings, which usually indicates strong demand.

According to previous documents, 10 customers of Arm-including Apple, Nvidia, AMD, Google, Intel, MediaTek, TSMC, Synopsys and Cadence Design-have agreed to be cornerstone investors in the offering and have expressed interest in buying the $735 million ADS. Next, Arm is expected to go public on September 14.