TSMC has invested in OpenAI and Anthropic.
The story so far
TSMC's board has approved investments in OpenAI and Anthropic, respectively, by subscribing for up to $500 million in OpenAI preferred stock and Anthropic's initial public offering (IPO) common stock. This move aims to support the development of the two companies. On November 10, TSMC announced that its board had approved subscribing for up to $500 million in OpenAI special stock shares. Subsequently, on November 11, TSMC approved plans to invest up to $500 million each in Anthropic and OpenAI, respectively, by subscribing for Anthropic's IPO common stock and OpenAI's preferred stock. TSMC plans to set up a $500 million venture capital fund to invest in chip startups and has committed to supporting the industry ecosystem with up to $1.7 billion, including investments of up to $500 million each in OpenAI and Anthropic.
AI-written from the reports · Updated yesterday
Developments
2 developments
- 13 Nov, 21:39 · 1 reportsEstablishing a venture capital fundITHome · AI：TSMC plans to set up a $500 million venture capital fund
- 10 Nov, 19:56 · 3 reportsTSMC subscribes to OpenAI's preferred stockITHome · AI：TSMC approves a maximum $1 billion investment plan for Anthropic and OpenAI.
Coverage timeline
Follow the coverage to see every side of the story.
- ITHome · AITSMC plans to set up a $500 million venture capital fund
TSMC plans to set up a $500 million venture capital fund to invest in chip startups; commits up to $1.7 billion to support the industry ecosystem, including investing up to $500 million each in OpenAI and Anthropic.
- Ars Technica · AITSMC plans to invest $1 billion in Anthropic and OpenAI
TSMC's board approved an investment of up to $500 million in OpenAI preferred stock and Anthropic common stock, which will purchase at the expected IPO price. This move will inject confidence into the market, but analysts warn that the circular financing between investors, suppliers, and customers makes it difficult to assess the true market demand for AI hardware and services.
- ITHome · AITSMC approves a maximum $1 billion investment plan for Anthropic and OpenAI.
TSMC has approved a plan to invest up to $500 million (approximately 3.344 billion yuan) in Anthropic and OpenAI, respectively subscribing to common stock in Anthropic's initial public offering (IPO) and preferred stock in OpenAI. This move injects a shot in the arm into the AI investment market, with Anthropic's IPO potentially raising over $61 billion (approximately 4,079.53 billion yuan), with TSMC also being one of the participants in the plan.
- 36Kr · AITSMC's board approves the subscription of OpenAI's preferred stock up to $500 million
TSMC's board has approved the subscription of OpenAI's special shares within a limit of no more than $500 million.
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