TSMC Approves Up to $1 Billion for Anthropic and OpenAI
The chipmaker approved separate investments of up to $500 million in each AI developer as Anthropic set its IPO price range.
Key takeaways
- TSMC approved investments of up to $500 million in Anthropic and up to $500 million in OpenAI.
- Anthropic priced its IPO at $70 to $78 per share, seeking a valuation of up to $1.4 trillion.
TSMC approved plans to invest up to $1 billion across Anthropic and OpenAI, allocating as much as $500 million to each. The board approved the investments on Tuesday.
The company plans to buy Anthropic shares at its IPO price and preferred stock in OpenAI. Anthropic priced its IPO at $70 to $78 per share, seeking a valuation of up to $1.4 trillion.
TSMC has said demand for AI-related chips remains “extremely robust,” while its manufacturing capacity is being outstripped by demand. As of 15:33 UTC Tuesday, its U.S.-listed shares traded at $398.59, up 2.56% since the previous close.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
