TSMC board approves up to $500 million each in Anthropic's IPO and OpenAI
TSMC said its board approved investments of up to $500 million each in Anthropic and OpenAI, according to its board resolutions of 10 November.
TSMC will buy Anthropic common shares at the IPO price and OpenAI preferred stock. Anthropic's amended filing lists TSMC Partners among seven companies in a $26 billion private placement alongside the offering.
The board also approved up to $500 million to establish an investment company for strategic investments in semiconductors and related businesses. The same meeting approved third-quarter results, with net income of NT$763.06 billion, and about $40.93 billion for chip capacity, advanced packaging, factory construction, research and other capital spending.
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