TSMC approved an investment of no more than 1 billion USD in Anthropic and OpenAI

According to The Wall Street Journal, chip foundry manufacturer TSMC announced on Tuesday that its board has approved an investment arrangement totaling no more than $1 billion, targeting artificial intelligence companies Anthropic and OpenAI. Among them, TSMC will subscribe to common stock of Anthropic for no more than $500 million at the initial public offering price, and invest no more than $500 million in preferred stock of OpenAI.

On the same day, TSMC's board also approved the establishment of an investment company with no more than $500 million for strategic investments in the semiconductor industry and related ecosystems, and approved a capital budget of approximately $40.927 billion. This capital budget is allocated for advanced processes, advanced packaging, mature and specialty process capacity, factory and facility infrastructure, as well as the 2027 R&D capital budget, recurring capital budget, and capitalized lease asset budget. The subscription price per share for Anthropic is determined based on its IPO issuance price, and the investment target for OpenAI is the preferred stock of OpenAI Group PBC.