TSMC to invest up to $1 billion in Anthropic and OpenAI

TSMC's board on Tuesday approved investing up to $500 million in Anthropic common shares at its IPO price and up to $500 million in OpenAI preferred stock, the chipmaker said in a statement on its board resolutions. The board also approved up to $500 million to set up an investment company for strategic stakes in the semiconductor ecosystem, plus about $40.9 billion in capital appropriations for capacity, packaging and fab construction. Reuters reported the move comes as Anthropic set its IPO range at $70 to $78 per share, targeting a valuation of up to $1.4 trillion, alongside a separate $26 billion private placement backed by investors including Google, Nvidia, AMD and Microsoft.