A filing shows that Taiwan Semiconductor Manufacturing Company Ltd. (TSM.US) has fully reduced its stake in Arm Holdings plc (ARM.US) . Its subsidiary, TSMC Partners, sold 1.11 million Arm shares at USD207.65 per share between April 28 and 29, cashing in approximately USD231 million.Taiwan Semiconductor Manufacturing Company Ltd. stated that the transaction forms part of its disposal of equity investments. The company became a cornerstone investor in Arm in 2023, subscribing for approximately USD100 million, and has since gradually reduced its stake in Arm.Related NewsCore Inflation Rate MoM for Apr in United States is 0.4%, higher than the previous value of 0.2%. The forecast was 0.3%.Arm shares were under pressure overnight (28th), falling 7.98% to USD198.65. (mn/w)(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)
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