TSMC to invest up to $100 million in Arm Holdings' IPO

FILE PHOTO: A smartphone with a displayed TSMC (Taiwan Semiconductor Manufacturing Company) logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration//File Photo

TAIPEI (Reuters) -TSMC, the world's largest contract chipmaker, will invest up to $100 million in chip designer Arm Holdings Plc's initial public share offering (IPO), it said on Tuesday.

SoftBank Group's Arm Holdings, which launched the roadshow last week, aims to raise up to $4.87 billion in its U.S. IPO, according to a regulatory filing.