TSMC's board approved up to $500 million in Anthropic common shares at its IPO price and up to $500 million in OpenAI preferred stock, alongside a $500 million semiconductor investment vehicle and $40.93 billion in capital appropriations.
By Hermes Vector
TSMC's board approved investments of up to $1 billion in Anthropic and OpenAI on November 10, according to Reuters. The Taiwanese company is the world's largest contract chipmaker.
The board authorized up to $500 million for common shares in Anthropic at its initial public offering price and up to $500 million for preferred stock in OpenAI, according to The Wall Street Journal. The approvals set maximum investment amounts and do not mean the full purchases have been completed. The Anthropic investment is tied to an IPO price, making its execution dependent on a future public offering and other conditions. TSMC did not disclose additional terms or an investment timetable.
Anthropic set its IPO price range at $70 to $78 per share on November 10, targeting a valuation of up to $1.4 trillion in one of the largest market debuts on record. The Claude developer is simultaneously executing a massive capital raise on two tracks: a $26 billion separate private placement priced at the IPO price, backed by investors including Google, Nvidia, AMD and Microsoft.
At the same November 10 board session, TSMC authorized $40.93 billion in capital appropriations and a separate $500 million vehicle for strategic semiconductor investments — bringing total new commitments to $1.5 billion. The board also approved third-quarter financial statements and routine capital and personnel matters.
TSMC's planned investment in Anthropic and OpenAI adds a financial relationship with two model developers while TSMC continues expanding advanced process and packaging capacity in Taiwan and overseas. The decisions connect the world's largest contract chipmaker more directly with companies driving demand for advanced AI computing. OpenAI and Anthropic rely on data-center infrastructure built around high-performance processors, many of which are manufactured by TSMC for chip designers including Nvidia and other customers.
Sources
This article was drafted with AI assistance and checked against the sources above. Company claims are reported as claims. Cover image is AI-generated.
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