TSMC's board of directors approves subscription of Arm shares for no more than US$100 million

According to TSMC’s official website, this site learned that TSMC held an interim board meeting on September 12 and made the following important resolutions:

1. Approval of Intel Corporation’s acquisition of IMS Nanofabrication Global, LLC The 10% equity limit is limited to no more than US$432.8 million (approximately 3.159 billion yuan)

The approved subscription amount for common shares of Arm Holdings plc is no more than US$100 million (approximately 730 million yuan) ), the subscription price will be determined based on the final price of the company’s initial public offering

According to the news, Arm will be listed this week and is currently in the early stages Subscription. However, due to strong demand, investment banks may end subscriptions one day early. According to people familiar with the matter, Arm has been subscribed more than 10 times, and the investment bank plans to stop accepting subscriptions by Tuesday afternoon, which means it will end one day early. It's not uncommon for companies to stop subscriptions early for IPOs, which usually indicates strong demand. Previous documents showed that 10 of Arm's customers - including Apple, Nvidia, AMD, Google, Intel, MediaTek, TSMC, Synopsys and Cadence Design have agreed to become cornerstone investors in the offering and have expressed interest in purchasing up to $735 million of ADSs. Next, Arm is expected to be officially listed for trading on September 14.

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