What Taiwanese chip giant TSMC gains from taking stakes in OpenAI and Anthropic’s AI race

Taiwan Semiconductor Manufacturing Company’s (TSMC) move to take equity stakes in both OpenAI and Anthropic will give the world’s largest contract chipmaker direct financial ties to the frontier AI labs driving demand for its business. Its board on Tuesday authorised up to US$500 million to buy Anthropic common shares at its initial public offering (IPO) price, and up to US$500 million to buy preferred shares in OpenAI. Directors separately approved up to US$500 million to establish a dedicated…

Source: South China Morning Post - Tech, published 2026-11-11. The summary is the Hub's own; the full story is at the source. Report a rights or accuracy concern