Business · Companies · 5 hrs ago
TSMC approves up to $1 billion in investments in Anthropic and OpenAI
TSMC approved plans to invest up to $1 billion in AI companies Anthropic and OpenAI.
It plans to put up to $500 million into each, buying Anthropic shares at its IPO price and preferred stock in OpenAI.
Anthropic has priced its IPO at $70 to $78 per share, seeking a valuation of up to $1.4 trillion.
TSMC is the world's largest contract chipmaker and supplies key AI companies, including Nvidia.
The investments could let TSMC benefit from AI growth both as a supplier and a shareholder in major AI developers.
The move comes as demand for AI chips remains strong, while concerns grow about rising spending on AI.
TSMC's board has approved the investments; the company plans to acquire the shares and stock on the terms it set out.
TSMC’s board approved investments of up to $500 million each in Anthropic and OpenAI.
The company plans to buy Anthropic shares at its initial public offering price and preferred stock in OpenAI.
The investments signal TSMC’s confidence in long-term demand for AI technology, despite concerns about rising AI spending.
Anthropic priced its IPO at $70 to $78 per share, seeking a valuation of up to $1.4 trillion.
- Who
- TSMC plans to invest in Anthropic and OpenAI.
- What
- TSMC’s board approved up to $1 billion in investments, split between the two AI companies.
- When
- The board approved the investments on Tuesday. The articles were published on November 10 and 11, 2026.
- Where
- Not stated.
- Why
- TSMC aims to benefit from long-term AI demand through investments as well as supplying AI infrastructure.
This story does not have two clearly opposing sides.
TSMC reported a sixth consecutive quarter of record profit and said demand for AI-related chips remained extremely robust.
Anthropic priced its IPO at $70 to $78 per share, while TSMC’s board approved investments of up to $500 million each in Anthropic and OpenAI.
- Total investment
- Up to $1 billion
- Anthropic investment
- Up to $500 million
- OpenAI investment
- Up to $500 million
- Anthropic IPO price
- $70 to $78 per share
- Anthropic target valuation
- Up to $1.4 trillion
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extremely robust