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And CNBC reported, Taiwan Semiconductor Manufacturing Company Limited (), Advanced Micro Devices (), Alphabet’s Google () and Samsung Electronics Co., Ltd. () planned to buy $735M of the float.
Arm is considered to be a linchpin of the global semiconductor industry because its chip designs are widely used by most product manufacturers, including Nvidia, Intel, AMD, Samsung, and the Taiwan Semiconductor Manufacturing Company Limited.
On average, equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 4.82 EPS for the current fiscal year.