TSMC, Taiwan-based and the world’s largest contract chipmaker, plans to invest up to US$1 billion in Anthropic and OpenAI after its board approved the deals, expanding its AI investments beyond chip supply.

The company approved up to US$500 million for Anthropic shares at the initial public offering price, and up to US$500 million for OpenAI preferred stock.

On Tuesday, Anthropic set an IPO price range of US$70 to US$78 per share. The Claude maker is seeking a valuation of up to US$1.4 trillion.

Last month, TSMC reported a sixth straight quarter of record profit. It expects full-year 2026 revenue growth of about 44% and said AI chip demand remained “extremely robust.”

🔗 Source: The Economic Times