-- Taiwan Semiconductor Manufacturing (TPE:2330), or TSMC, and its unit TSMC Partners have disposed of shares in Arm for $231 million.
The transaction, carried out between April 28 and April 29, involved the sale of 1.11 million shares at an average price of $207.65 per share, according to a Wednesday Taiwan Exchange filing.
The disposal generated a gain of about $174 million, and the company no longer holds any shares in Arm.
The move was part of TSMC's equity investment disposal, it added.