Taiwan Semiconductor Manufacturing Approves Up to $1 Billion Investments in Anthropic, OpenAI

MT Newswires Live11-10 21:46

Taiwan Semiconductor Manufacturing's (TSM) board approved investments of up to $500 million each in Anthropic (ANT) and Microsoft-backed (MSFT) OpenAI to acquire common shares and preferred stock, respectively, the company said Tuesday.

The board approved approximately $40.93 billion in capital appropriations, mainly for capacity expansion, fab construction and 2027 research and development investments, the company said.

Separately, TSM approved up to $500 million to establish an investment company focused on strategic investments in the semiconductor industry and related ecosystem.

The board also announced a Q3 cash dividend of NT$9 ($0.27) per share, payable April 8, 2027.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment