TSMC announced on April 29 that it has sold its remaining shares in Arm. According to Jin10, TSMC Partners sold 1.11 million shares of Arm at $207.65 per share between April 28 and 29, totaling approximately $231 million. This sale impacted retained earnings by $174 million. Following this transaction, TSMC no longer holds any Arm shares. TSMC initially invested around $100 million in Arm during its 2023 IPO at $51 per share, alongside other strategic investors. Subsequently, TSMC gradually reduced its holdings, selling 850,000 shares in 2024 at $119.47 per share, realizing about $102 million.