Taiwan Semiconductor Manufacturing Co. Ltd (TSMC), the world's largest contract chipmaker, is deliberating on investing in Arm Holdings' initial public offering (IPO), according to Chairman Mark Liu on Wednesday. The decision is expected to be made this week. Arm Holdings, owned by SoftBank (TYO:9984) Group, initiated the roadshow for its IPO on Tuesday, aiming to persuade investors of its worth of as much as $52 billion in this year's most substantial share sale.
Several of Arm's major clients, including Apple (NASDAQ:AAPL), Nvidia (NASDAQ:NVDA), Alphabet (NASDAQ:GOOGL), Advanced Micro Devices (NASDAQ:AMD), Intel (NASDAQ:INTC) and Samsung Electronics (KS:005930), have already committed as cornerstone investors in its IPO. Liu emphasized the importance of Arm to TSMC's ecosystem, technology, and customers. "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," Liu said.
In addition to the potential investment in Arm's IPO, Liu also addressed the progress of TSMC's plant in Arizona. The company is investing $40 billion into this significant project. Despite initial delays due to a shortage of specialist workers pushing production start from next year to 2025, Liu expressed no concern over the plant's success. He noted that the improvement over the last five months has been "tremendous". "I just came from Arizona last month. Any project of that new fertile ground will have some learning curve. In the past five months the improvement has been tremendous. I’m sure it will be a very successful project," he said.
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