TSMC to Invest $1 Billion in OpenAI and Anthropic

Taiwan Semiconductor Manufacturing Company (TSMC) plans to invest up to $1 billion in OpenAI and Anthropic, with its board approving investments of up to $500 million each in both companies. The proposed transactions involve preferred shares in OpenAI and common shares in Anthropic at the latter's initial public offering price.

These investments have not been confirmed as completed, and TSMC has not disclosed the expected ownership stakes. This decision reflects a shift in financial relationships within the AI industry, where companies developing AI models increasingly rely on TSMC's semiconductor manufacturing.

TSMC's revenue for October reached NT$586.89 billion, a 59.7% increase from the previous year, driven by strong demand for its services. The investments would allow TSMC to benefit from the commercial success of OpenAI and Anthropic, beyond just manufacturing revenue.

Anthropic is planning an IPO with a price range of $70 to $78 per share, targeting a valuation of up to $1.4 trillion.