TSMC's board approved investments of up to $500 million each in Anthropic and OpenAI on November 10, per the company's Form 6-K. Techmeme cites a Reuters report of the plan. These are approved caps, and Anthropic's IPO price is not yet set.
What TSMC's board approved
At its November 10 meeting, Resolution 5 approved the investment in "Anthropic, PBC at its per share initial public offering price in an amount not to exceed US$500 million to acquire Anthropic's common shares." It also approved a cap of the same size for OpenAI Group PBC, to acquire OpenAI's preferred stock.
A separate resolution approved money for an investment company for strategic semiconductor-industry investments. That is a different item.
What Anthropic's filing shows
Anthropic's S-1/A, Amendment No. 2 names TSMC Partners, Ltd. as one of seven buyers in a $26.0 billion private placement of Class N stock at the IPO price, contingent on the IPO. At the assumed $74.00 a share, TSMC Partners would buy 6,756,756 shares, a total close to the 6-K cap.
The 6-K says "common shares" and the filing says Class N. We did not reconcile whether they describe the same purchase beyond the matching dollar figure. The price range is $70 to $78, and the IPO price is not set. See our price range story and earlier IPO coverage.
What is not known
The 6-K gives no price or timing for the OpenAI purchase. We found no comment from Anthropic or OpenAI.
What this means for you
Nothing changes for people who use Claude or ChatGPT. This is about how the companies raise money, not a product change, and it is not investment advice. More in AI apps.
What we checked
We read the 6-K resolutions and the S-1/A on EDGAR on November 10. We did not read the original report, only its headline.
