MADRID, 13 Sep. (EUROPA PRESS) -

Taiwan Semiconductor Manufacturing (TSMC), one of the world's largest manufacturers of microprocessors, has agreed to purchase 10% of the Austrian firm IMS Nanofabrication from Intel for 432.8 million dollars (about 403 million euros), as reported by the Taiwan-based company.

Intel, which bought IMS in 2015, will maintain majority ownership of the Austrian company, which will continue to operate as an independent subsidiary under the direction of CEO Elmar Platzgummer.

The closing of the operation is scheduled for the fourth quarter of 2023.

Likewise, the board of directors of TSMC has agreed to invest 100 million dollars (93 million euros) in the largest IPO of the year, that of the British microprocessor designer Arm, fully controlled by the Japanese conglomerate SoftBank.

Arm recently announced a public offering (IPO) of 95.5 million American Depositary Shares (ADS), whose price will range between 47 and 51 dollars (between 43.9 and 47.7 euros) each, which implies a value of between 4,489 and 4,871 million dollars (between 4,194 and 4,551 million euros).

Specifically, Arm will ask SoftBank through Kronos II LLC to allow potential shareholders the option to acquire another seven million ADSs to cover potential oversubscriptions, if any, during the 30 days following the publication of the final prospectus.

Once the sale has been carried out, Softbank will continue to retain 90.6% of the ordinary share capital, an amount that would be diluted to a maximum of 89.9% if shareholders take advantage of the possibility of acquiring additional ADSs. In this way, Arm would be valued at around $52 billion (€48.58 billion).

The company Arm has already applied to the Nasdaq operator to list under the 'ARM' ticker.