TSMC to invest up to $1 billion in Anthropic and OpenAI, Reuters reports

Taiwan's TSMC plans to invest up to $1 billion across leading AI developers Anthropic and OpenAI, Reuters reported on November 10, a sign of the chipmaker's confidence in long-term demand for the technology even as concerns grow about soaring AI spending.

Board approval

TSMC's board on Tuesday approved an investment of up to $500 million to acquire shares in Anthropic at its initial public offering price, and an investment of up to $500 million to acquire preferred stock in OpenAI.

The move positions the world's largest contract chipmaker to benefit not only from supplying AI infrastructure, but also from owning stakes in some of the industry's most influential developers.

Timed with Anthropic's IPO

The decision came on the same day Anthropic set a price range of $70 to $78 per share for its IPO, seeking a valuation of up to $1.4 trillion in what would be one of the largest stock market debuts on record. 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 a critical supplier to leading AI firms, including Nvidia, whose graphics processors underpin many of today's AI models.

Demand still outstrips capacity

Last month TSMC reported a sixth consecutive quarter of record profit and said demand for AI-related chips remained "extremely robust," even as it adopted a cautious outlook for 2027. The company expects full-year 2026 revenue growth of about 44% and says demand continues to outstrip its manufacturing capacity. It is expanding production, including a $265 billion investment in manufacturing facilities in Arizona, and is evaluating potential projects in Texas.

Sources: Investing.com / Reuters, CNA / Reuters, TradingView / Reuters