🧵 1. Taiwan's TSMC, the largest contract chipmaker, to invest up to $100 million in Arm's IPO as the British semiconductor designer aims to go public. #fintech
🧵 1. Taiwan's TSMC, the largest contract chipmaker, to invest up to $100 million in Arm's IPO as the British semiconductor designer aims to go public. #fintech
🧵 2. Arm's IPO, priced at $47-$51 per share, could generate nearly $5 billion and value the company over $50 billion.
🧵 3. Tech giants like Nvidia, Apple, and TSMC have shown interest in purchasing up to $735 million worth of Arm's shares in the IPO.
🧵 5. Demand for Arm's IPO is high, with reports that it's already oversubscribed by 10x, leading to potential closure of order books and a possible increase in price range.
🧵 4. TSMC's investment of up to $100 million in Arm is contingent upon the final share price at IPO.
🧵 Read more at: https://www.cnbc.com/2023/09/12/arm-ipo-chipmaking-giant-tsmc-to-invest-up-to-100-million-in-shares.html