TSMC to invest up to $1 billion in Anthropic, OpenAI

What happened: TSMC's board approved investing up to $500 million in Anthropic shares at its IPO price and up to $500 million in OpenAI preferred stock, for a total of up to $1 billion. Key numbers: Anthropic priced its IPO at $70 to $78 per share, seeking a valuation of up to $1.4 trillion. Anthropic is also raising $26 billion in a private placement. Why it matters: TSMC is positioning itself to benefit both from supplying AI infrastructure and from owning stakes in influential AI developers. TSMC is a critical supplier to AI firms including Nvidia. Coverage: 11 outlets in 24h

TSMC's board approved investing up to $500 million in Anthropic shares at its IPO price and up to $500 million in OpenAI preferred stock, for a total of up to $1 billion.

TSMC is positioning itself to benefit both from supplying AI infrastructure and from owning stakes in influential AI developers. TSMC is a critical supplier to AI firms including Nvidia.