7/102 sources · 2 publishersUpdated Nov 10, 15:56 UTC
TSMC board approves $1 billion split investment in Anthropic IPO and OpenAI preferred stock
TSMC’s board authorized up to $1 billion to be invested equally in AI developer Anthropic and OpenAI. The company will spend up to $500 million to buy shares at Anthropic’s IPO price of $70‑$78 per share and up to $500 million for preferred stock in OpenAI. The move follows Anthropic’s IPO pricing and a private placement raising $26 billion, and comes as TSMC projects about 44% full‑year 2026 revenue growth.
Why it matters
Analysts note that the investment gives TSMC direct exposure to leading AI firms and the stock rose 2.56% after the announcement. The company also expects strong revenue growth, which could support higher earnings.
Key facts
- 1TSMC’s board approved an investment of up to $1 billion in Anthropic and OpenAI. investing.com
- 2The investment will be split evenly, with up to $500 million allocated to each company. tipranks.com
- 3Anthropic priced its IPO between $70 and $78 per share. investing.com
- 4Anthropic’s IPO seeks a valuation of up to $1.4 trillion. investing.com
- 5TSMC expects full‑year 2026 revenue growth of about 44%. investing.com
- 6TSMC stock rallied 2.56% after the board’s approval. tipranks.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.