TSMC's board approves up to $1 billion in stakes in Anthropic and OpenAI
Up to $500 million buys Anthropic shares at its IPO price and up to $500 million buys OpenAI preferred stock, Reuters reports; the size of each final purchase is not yet known.
Why it matters
TSMC is a critical supplier to the AI industry, including Nvidia, whose processors underpin many of today's models, so the stakes would make the chipmaker an owner as well as a supplier of two leading developers. The Anthropic purchase is set at the IPO price, separate from the $26 billion private placement backed by Google, Nvidia, AMD and Microsoft. The move comes as concerns grow about AI spending; TSMC expects about 44% revenue growth in 2026. Watch the final IPO pricing and whether other suppliers take similar stakes.
Key facts
- Up to $500 million for Anthropic shares at the IPO price
- Up to $500 million for OpenAI preferred stock
- Approved by TSMC's board on 10 November
- Anthropic IPO range $70 to $78 a share
- TSMC expects about 44% revenue growth in 2026