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TSMC to invest up to USD 1 billion in Anthropic, OpenAI

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TSMC to invest up to USD 1 billion in Anthropic, OpenAI

Business News Tech AI TSMC to invest up to USD 1 billion in Anthropic, OpenAI

Taiwan Semiconductor Manufacturing Company (TSMC) has approved investments of up to USD 1 billion in two major Artificial Intelligence companies, Anthropic and OpenAI, as the world's largest dedicated semiconductor foundry expands its strategic presence in the technology ecosystem.

Taiwan Semiconductor Manufacturing Company ( TSMC ) has approved investments of up to USD 1 billion in two major Artificial Intelligence companies, Anthropic and OpenAI , as the world's largest dedicated semiconductor foundry expands its strategic presence in the technology ecosystem. In an official statement, TSMC said its board approved an investment of up to USD 500 million in Anthropic to acquire its common shares at the company's per-share initial public offering price. The board also approved an investment of up to USD 500 million in OpenAI to acquire its preferred stock. The two investments together could amount to USD 1 billion.

It stated, "Approved the investments in (1) Anthropic, PBC at its per-share initial public offering price in an amount not to exceed USD 500 million to acquire Anthropic's common shares; and (2) OpenAI Group PBC in an amount not to exceed USD 500 million to acquire OpenAI's preferred stock". 35 billion through the sale of 825 million shares, with an expected price range of USD 70 to USD 78 per share. According to the company's official announcement, the proposed offering comprises 825,000,000 shares of Class A common stock, including 801,351,354 shares being offered by Anthropic and 23,648,646 shares being sold by certain existing stockholders.


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