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TSMC board approves up to $1 billion in Anthropic and OpenAI
TSMC said its board approved investments of up to $500 million each in Anthropic IPO shares and OpenAI preferred stock, according to a Reuters report carried by CNA.
Based on reporting by CNA
Wire reporting: (Reuters, via CNA)
Taiwan Semiconductor Manufacturing Co. said its board on Tuesday approved investments of as much as $500 million to buy Anthropic shares at the initial public offering price and as much as $500 million in OpenAI preferred stock, according to a Reuters report carried by CNA1.
Anthropic on Tuesday set an IPO range of $70 to $78 a share, a range the report said implied a valuation of as much as $1.4 trillion if the offering prices at the top1. The company is also raising $26 billion in a separate private placement that the report said includes Alphabet's Google, Nvidia, Advanced Micro Devices and Microsoft1.
TSMC is the largest contract chip manufacturer and a key supplier to Nvidia, whose processors are used to train and run many large AI models, the same report said1. It said TSMC last month posted a sixth straight quarter of record profit, forecast about 44 percent revenue growth for 2026, and reported that demand still exceeds its factory capacity1.
The foundry is expanding U.S. output, including a $265 billion manufacturing plan in Arizona, and is reviewing possible work in Texas, according to the same report1. Terms of the OpenAI preferred-stock purchase, closing dates, and whether TSMC will take the full $1 billion were not detailed in the dispatch1.
