TSMC approves $500M each for Anthropic IPO and OpenAI round

TSMC (NYSE: TSM) will buy up to $500 million of Anthropic shares and up to $500 million of OpenAI stock, its board decided on Tuesday. This makes the world’s biggest chip maker a direct investor in two rival AI companies just as both are raising money. Both companies also rely, at least indirectly, on TSMC’s factories. Will TSMC buy Anthropic and OpenAI shares? A filing submitted to the U.S. Securities and Exchange Commission on November 10 shows that TSMC’s board has decided to buy Anthropic common shares at the price set in Anthropic’s initial public offering (IPO), up to $500 million. The same filing says that TSMC will buy up to $500 million of OpenAI preferred stock.

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