TAIPEI (Reuters) -TSMC, the world’s largest contract chipmaker, will determine this week whether or not to put money into chip designer Arm Holdings’ blockbuster preliminary public providing (IPO), Chairman Mark Liu mentioned on Wednesday.
Talking on the sidelines of the SEMICON Taiwan summit, Liu mentioned his firm was nonetheless evaluating the matter and, when pressed on when a call could come, he added “this week”.
“Arm is a vital factor of our ecosystem, our know-how and our clients’ ecosystem. We wish it to achieve success, we wish it to be wholesome. That is the underside line,” Liu mentioned.
On Tuesday, SoftBank Group’s Arm Holdings launched the roadshow for its IPO because the chip designer tries to persuade buyers it’s price as a lot as $52 billion on this 12 months’s greatest share sale.
Arm has already signed up a lot of its main shoppers as cornerstone buyers in its IPO, together with Apple, Nvidia, Alphabet, Superior Micro Units, Intel and Samsung Electronics.
Talking about Taiwan Semiconductor Manufacturing Co Ltd’s (TSMC) plant within the U.S. state of Arizona, the place it’s investing $40 billion in a large challenge, Liu mentioned he had no concern over its capacity to achieve success.
“I simply got here from Arizona final month. Any challenge of that new fertile floor can have some studying curve. Prior to now 5 months the development has been super. I’m positive it is going to be a really profitable challenge,” he mentioned.
In July, TSMC mentioned manufacturing on account of begin subsequent 12 months at its first chip fabrication facility, or fab, in Arizona can be delayed till 2025 due a scarcity of specialist employees.
(Reporting by Ben Blanchard; Enhancing by Anne Marie Roantree and Stephen Coates)
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