TSMC to invest up to $100M in Arm IPO
cnbc.com
cnbc.com
It'll end up being acquired or controlled by an American conglomerate
Arm -> TSMC -> NVIDIA
When you read about NVIDIA's activity past few years, you can see how interested they are in owning Arm
https://www.nextplatform.com/2019/03/11/connecting-the-dots-...
Nvidia tried to buy Arm outright in 2020, but regulators (principally in the UK) put the kibosh on it. That's why Arm is IPO'ing instead.