TSMC to invest up to USD 1 billion in Anthropic, OpenAI

Taiwan Semiconductor Manufacturing Company (TSMC) has approved investments of up to USD 1 billion in two major AI firms, Anthropic and OpenAI. TSMC's board sanctioned an investment of up to USD 500 million in Anthropic to acquire common shares at the company's IPO price and a similar amount for OpenAI to acquire preferred stock. Anthropic is launching its IPO roadshow, aiming to raise up to USD 64.35 billion through the sale of 825 million shares, with an expected price range of USD 70 to USD 78 per share. This investment marks TSMC's strategic expansion in the technology ecosystem. The investments reflect TSMC's commitment to enhancing its presence in the AI sector, which is rapidly evolving.