TSMC to invest up to $1 billion in Anthropic, OpenAI

TSMC plans to invest up to US$1 billion in Anthropic and OpenAI, signalling confidence that demand for artificial intelligence will remain strong despite concerns over rising industry spending. The move would give the chipmaker stakes in major AI developers as well as revenue from supplying the hardware their systems rely on.

The company’s board approved up to US$500 million to buy Anthropic shares at its IPO price and up to US$500 million in OpenAI preferred stock. Anthropic has set an IPO price range of US$70 to US$78 a share, implying a valuation of up to US$1.4 trillion, and is separately raising US$26 billion. TSMC reported a sixth consecutive quarter of record profit and expects 2026 revenue growth of about 44 per cent, while expanding manufacturing capacity.