Taiwan Semiconductor Manufacturing Company (TSMC) has authorised investments of up to $1bn in US-based AI developers Anthropic and OpenAI.
TSMC’s board approved an investment of up to $500m to acquire Anthropic common shares at the company’s initial public offering (IPO) price.
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The company also authorised an investment of up to $500m in preferred stock of OpenAI Group PBC.
Both investments remain subject to the terms of the respective share offerings.
The decision follows Anthropic setting the price range for its IPO between $70 and $78 per share, targeting a market valuation of up to $1.4tn.
The board also approved the formation of an investment company, funded with up to $500m, for strategic investments in the semiconductor industry and related ecosystem.
Separately, TSMC authorised capital appropriations of about $40.93bn for its long-term capacity plans.
The spending will cover advanced technology and advanced packaging capacity, mature and specialty technology capacity, fab construction, facility systems, 2027 research and development capital investment, sustaining capital expenditure, and capitalised leased assets.
TSMC recorded consolidated revenue of T$1.49tn ($45.34bn) and net income of T$763.06bn in the third quarter of 2026.
The company’s board approved a cash dividend of T$9 per share for the third quarter of 2026.
Established in 1987 by Morris Chang, TSMC operates a pure-play foundry model.
In 2025, it manufactured 12,682 products using 305 technologies for 534 customers across high-performance computing, smartphones, the Internet of Things, automotive, and digital consumer electronics.
The announcement follows other partnerships involving TSMC.
Last month, Samsung Electronics collaborated with TSMC to use its 3nm process to produce base dies for Nvidia’s next generation of custom high-bandwidth memory chips.
This was the first collaboration between Samsung and TSMC specifically at the HBM manufacturing stage.
Also last month, GlobalFoundries reached a manufacturing agreement with TSMC to supply silicon interposers from its facility in Malta, New York, US.
