MediaTek invests US$25 million to subscribe for 0.05% shares of Arm

According to news from this website on September 14, chip design manufacturer MediaTek announced this evening that its subsidiary Gaintech Co. Limited has invested in the American depositary receipts (ADSs) of Arm, a chip design company under SoftBank Group, with an investment amount of US$25 million ( Notes on this site: currently about RMB 182 million), acquiring approximately 0.05% of Arm’s equity. MediaTek said that the two parties are long-term partners.

On Wednesday, Arm priced its initial public offering (IPO) at $51 per share, exceeding its target price range. of high-end. Based on this pricing, Arm's fully diluted market capitalization would be over $54 billion, taking into account the outstanding restricted shares. Its price-to-earnings ratio is about 104 times based on profits of $524 million in the last fiscal year

According to reports, Arm customers such as Apple, Nvidia and AMD have agreed to invest. In addition, TSMC, as the leader in wafer foundry, recently decided to subscribe for Arm’s common shares in an interim board of directors resolution. The subscription amount will not exceed US$100 million, and the shareholding ratio will be approximately 0.2%

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