TSMC board authorizes up to $500 million each in OpenAI and Anthropic shares
Overview
TSMC's board authorized up to US$500 million to buy Anthropic common shares at its initial public offering price, and up to US$500 million in OpenAI preferred shares, according to the South China Morning Post.
Directors also approved up to US$500 million for a new strategic investment arm focused on the semiconductor ecosystem. The report gives the authorization amounts only and does not say whether the purchases have been completed.
Written by AI from the articles below · updated Nov 11, 3:19 AM ET
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- South China Morning Post · TechNewsTSMC authorizes up to $500 million each in OpenAI and Anthropic stakes
AITSMC's board authorized up to US$500 million to buy Anthropic common shares at its IPO price and up to US$500 million in OpenAI preferred shares. Directors also approved up to US$500 million for a new strategic investment arm focused on the semiconductor ecosystem.
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