TSMC Board Approves Up to $1B Investment in Anthropic and OpenAI

Cointime update: TSMC’s board approved investments totaling up to $1 billion in AI companies Anthropic and OpenAI, the chipmaker said Tuesday. TSMC will subscribe to up to $500 million of Anthropic common shares at the IPO price and invest up to $500 million in OpenAI preferred stock. The board also approved forming an investment company with up to $500 million for semiconductor-sector strategic investments and a capital budget of about $40.927 billion.