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TSMC, ARM Sign Long-Term Strategic Agreement On Processors

TAIPEI -(Dow Jones)- Taiwan Semiconductor Manufacturing Co. (TSM) and U.K.-based chip design company ARM Holdings PLC (ARM.LN) said Tuesday they signed a long-term strategic agreement that provides TSMC with access to a broad range of ARM processors. Analysts said the move will further strengthen TSMC's dominant position in the foundry market by securing ARM Holdings' patents for its customers such as Nvidia Corp. and Qualcomm Inc. TSMC is the world's largest contract chip maker by revenue. The companies didn't disclose the financial terms of the alliance. ARM Holdings, whose chips are a mainstay in cellphones, provides chip technology for Apple Inc.'s iPad tablet PC. "This new agreement assures the industry that ARM and TSMC will collectively provide IP (intellectual property) development leadership for advanced process technologies well into the future," the companies said in a joint statement. -By Lorraine Luk, Dow Jones Newswires; 8862-25022557; lorraine.luk@dowjones.com

Stock News for Taiwan Semicond (TSM)
DateTimeHeadline
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04/30/201514:34:14Zacks Upgrades Taiwan Semiconductor Mfg. Co. to "Hold" (TSM)
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04/23/201514:08:02More Intel Corporation 14-Nanometer SoFIA Details Revealed
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04/20/201515:27:31Taiwan Semiconductor Mfg. Co. Cut to Buy at JPMorgan Chase...
04/17/201506:28:34Report of Foreign Issuer (6-k)
04/16/201518:20:03Why This Apple Inc. Rumor Seems Suspect
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04/16/201507:20:10TSMC Dims Outlook
04/16/201507:15:07TSMC Dims Outlook as Competition Heats Up, Smartphone Demand...
04/16/201506:39:30Report of Foreign Issuer (6-k)

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