Taiwan Semiconductor Manufacturing Co. plans to invest up to US$1 billion in Anthropic and OpenAI. The board approved up to US$500 million for each AI company. TSMC is the world's largest contract chipmaker.
Investment terms
The plan includes up to US$500 million in Anthropic common shares at the IPO price. It also includes up to US$500 million in OpenAI preferred stock. The approvals were disclosed on Tuesday.
Anthropic listing
Anthropic set an IPO price range of US$70 to US$78 per share. The company behind the Claude chatbot filed with U.S. regulators on Tuesday. The listing would rank among Wall Street's most valuable companies.
AI chip demand
TSMC reported a sixth straight quarter of record profit last month. The company expects full-year 2026 revenue growth of about 44%. It said AI chip demand remained extremely robust.
TSMC shares gained 3.1% on Wednesday. Taiwan's benchmark Taiex rose 3.6% after the announcement. U.S. stock futures edged higher while the U.S. bond market stayed closed for Veterans Day.