Key facts
- TSMC's board approved up to $500 million for Anthropic shares at the IPO price and up to $500 million for OpenAI preferred stock.
- Anthropic priced its IPO at $70 to $78 per share on Tuesday, seeking a valuation of up to $1.4 trillion.
- Anthropic is raising $26 billion in a separate private placement backed by Google, Nvidia, AMD and Microsoft, per the report.
- TSMC expects full-year 2026 revenue growth of about 44% and has said demand outstrips its manufacturing capacity.
- TSMC is investing $265 billion in manufacturing facilities in Arizona and evaluating potential projects in Texas.
Taiwan Semiconductor Manufacturing Co.'s board approved investments of up to $1 billion across two leading AI developers, the Taiwanese chipmaker said in a report published November 10, 2026. The approval covers up to $500 million to acquire shares in Anthropic at its initial public offering price and up to $500 million to acquire preferred stock in OpenAI.
The decision lands as Anthropic priced its initial public offering at $70 to $78 per share on Tuesday, seeking a valuation of up to $1.4 trillion. That would make it one of the largest stock market debuts on record, according to the report. The Claude maker is also raising $26 billion through a separate private placement backed by investors including Alphabet's Google, Nvidia, AMD and Microsoft.
TSMC is the world's largest contract chipmaker and a critical supplier to AI firms including Nvidia, whose graphics processors underpin many AI models. The company reported a sixth consecutive quarter of record profit last month and said demand for AI-related chips remained "extremely robust," while adopting a cautious outlook for 2027. It expects full-year 2026 revenue growth of about 44% and has said demand continues to outstrip its manufacturing capacity.
TSMC is also expanding production, including a $265 billion investment in manufacturing facilities in Arizona and an evaluation of potential projects in Texas.