- TSMC to buy a 10% equity interest in IMS Nanofabrication Global from Intel
- Nvidia and Apple were also interested in purchasing up to $735mn worth of shares
TSMC to invest up to $100 million in Arm Holdings Plc’s initial public share offering (IPO). Recently, SoftBank Group’s Arm Holdings organized a roadshow where it set an agenda to raise up to $4.87 billion in its U.S. IPO.
TSMC’s Chairman Mark Liu recently said, “Arm is an important element of our ecosystem, our technology and our customers’ ecosystem. We want it to be successful, we want it to be healthy. That’s the bottom line.”
Apple, Nvidia, Alphabet, Advanced Micro Devices, Intel and Samsung Electronics have already partnered with Arm.
TSMC has recently agreed to buy a 10% equity interest in IMS Nanofabrication Global from Intel for up to $432.8 million, which valued IMS Nanofabrication at approximately $4.3 billion. Intel will retain majority ownership of IMS.
Nvidia, Apple, TSMC and others were interested in purchasing up to $735 million worth of shares in the IPO, though none of the companies had made a decision. TSMC has now approved an investment in Arm of an amount not exceeding $100 million based on its final share price at the IPO.
In order to address the high demand for enhanced data transmission speeds, TSMC has recently tapped two industry heavyweights to explore silicon photonics. It has gathered a dedicated R&D team of approximately 200 experts, focusing on harnessing silicon photonics’s power for future chips.
TSMC is also in talks with major players like Broadcom and Nvidia to co-develop applications centred on the technology. This collaboration aims to produce next-generation chips with silicon photonics, and substantial orders are expected as early as the second half of 2024.