TSMC to decide on Arm IPO this week

Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is to decide this week whether to invest in Arm Holdings Ltd, which plays a vital role in the semiconductor ecosystem, the company said yesterday.

Arm’s customers, including Apple Inc, Nvidia Corp, Alphabet Inc and Advanced Micro Devices Inc have agreed to back the UK-based chip designer’s US$55 billion initial public offering (IPO) in the US. Intel Corp has also agreed to be a cornerstone investor in the offering.