This article first appeared on GuruFocus .
Taiwan Semiconductor Manufacturing Co ( NYSE:TSM ) has sold its remaining stake in Arm Holdings and no longer owns shares in the British chip designer after a two-day sale through a subsidiary, according to a Wednesday filing.
TSMC Partners sold 1.11 million Arm shares between April 28 and 29 at $207.65 each, bringing in about $231 million. TSMC said the disposal was part of a wider equity investment exit plan tied to portfolio trimming.
The sale will reduce retained earnings by $174 million. TSMC originally bought about $100 million of Arm stock at Arm's 2023 listing, and it had already pared that position in 2024 with a smaller share sale.
TSMC's exit comes as the chipmaker continues to manage its investment book while focusing on its core manufacturing business.
