The board of directors of Taiwanese semiconductor manufacturer TSMC has approved an investment package totaling up to one billion dollars in two leading artificial intelligence companies, OpenAI and Anthropic. According to data disclosed on November 10, 2026, $500 million will be directed to each company. In the case of Anthropic, TSMC intends to purchase shares at their initial public offering (IPO) price, while for OpenAI, the acquisition involves preferred stock. Thus, the Taiwanese conglomerate is moving beyond the traditional contract chip manufacturing model and securing a direct financial stake in the success of the very developers whose models drive the primary demand for its products.
Anthropic Prepares IPO with Valuation Up to $1.4T
TSMC’s decision comes amid Anthropic’s active preparations for a stock market debut. The company, known for creating the Claude AI assistant, has set its share price range at $70 to $78. Under this calculation, the business valuation could reach 1.4 trillion dollars, making it one of the largest IPOs in the technology sector's history. Concurrently with its public offering preparations, Anthropic is raising an additional $26 billion through a private placement of shares. Investors in this round include Alphabet (Google's parent company), Nvidia, AMD, and Microsoft, highlighting the company's strategic importance to the entire AI ecosystem.
Sixth Record Quarter and "Extremely High" Demand
TSMC remains the world's largest contract semiconductor manufacturer and one of the key chip suppliers for the artificial intelligence industry. Specifically, the Taiwanese company manufactures the Nvidia processors that power most modern generative AI models. In last month's report, TSMC recorded its sixth consecutive quarter of record profits and described the demand for AI chips as "extremely high." At the same time, company management provided a cautious outlook for 2027, which analysts believe reflects an awareness of the tech market's cyclicality and dependence on capital expenditure paces from major tech companies.
44% Revenue Growth and $265B Program
For the full year 2026, TSMC expects revenue growth of approximately 44%. Demand for the company's products continues to exceed available manufacturing capacity, creating a shortage of advanced chips and strengthening the Taiwanese manufacturer's negotiating position. To expand production, TSMC is implementing a massive $265 billion investment program to build manufacturing plants in Arizona, USA, while simultaneously evaluating prospects for new projects in Texas. These investments aim to reduce the geographic concentration of production and meet growing demand from American customers.
New Revenue Model: From Chips to AI Company Equity
Investments in OpenAI and Anthropic add another potential revenue source to TSMC's strategy: the company intends to participate in the growth of the developers driving demand for its chips. This occurs at a time when rising costs in the AI industry are raising increasing questions from investors and regulators, yet the Taiwanese manufacturer continues to count on long-term market expansion. Direct equity participation in AI leaders allows TSMC not only to diversify its revenue but also to strengthen strategic relationships with key customers, securing priority access to advanced projects and guaranteeing a stable flow of orders for cutting-edge nodes.
