A smartphone with a displayed TSMC (Taiwan Semiconductor Manufacturing Company) logo is placed on a computer motherboard in this illustration taken March 6, 2023.
REUTERS/Dado Ruvic/Illustration//File Photo Acquire Licensing RightsTAIPEI, Sept 12 (Reuters) - TSMC (2330.TW), the world's largest contract chipmaker, said it would invest up to $100 million in Arm Holdings Plc's initial public share offering (IPO), it said on Tuesday.
The company also agreed to purchase 10% equity interest in IMS Nanofabrication Global, LLC from Intel Corp (INTC.O) for up to $432.8 million, the statement said.
Reporting by Meg Shen, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.
Persons:
Dado Ruvic, chipmaker, Meg Shen, Louise Heavens
Organizations:
Taiwan Semiconductor Manufacturing, REUTERS, Rights, Arm Holdings, IMS Nanofabrication, Intel Corp, Thomson
Locations:
Rights TAIPEI