TSMC’s board approved investments of up to $500 million each in Anthropic and OpenAI on 10 November, Reuters reported.
Taiwan Semiconductor Manufacturing Co. has earmarked up to $1 billion to buy shares in the two AI developers as they move closer to public listings, Nikkei Asia reported. The chipmaker has rarely invested in clients, suppliers or other companies in its ecosystem.
TSMC provides advanced chip manufacturing processes, silicon stacking and packaging technologies for sectors including AI and high-performance computing, according to MarketScreener.
Anthropic has targeted up to $64.4 billion in an IPO at $70 to $78 a share, AI Affairs previously reported.
