Key points
- TSMC approves investments in Anthropic and OpenAI
- TSMC's Anthropic money is part of a $26 billion placement
- TSMC approves capital appropriations and a higher dividend
Taiwan Semiconductor Manufacturing (TSM) said its board approved investing up to $500 million in Anthropic (ANT) at its IPO price and up to $500 million in OpenAI preferred stock, according to a filing on Tuesday.
The same board meeting approved about $40.93 billion in capital appropriations. It also raised TSMC's quarterly cash dividend to NT$9.0 a share, from NT$7.0.
TSMC's Anthropic money is part of a $26 billion placement
Anthropic set its IPO range at $70 to $78 a share on Tuesday. Its amended filing lists TSMC Partners among seven companies that agreed to buy $26.0 billion of nonvoting Class N stock at the IPO price.
At the $74 midpoint, TSMC Partners would buy 6,756,756 shares for about $500 million, the filing says. That matches the amount TSMC's board approved.
| Buyer | Shares at $74 | Amount |
|---|---|---|
| Alphabet's Google (GOOGL) | 135,135,135 | About $10.0 billion |
| Nvidia (NVDA) | 135,135,135 | About $10.0 billion |
| Advanced Micro Devices (AMD) | 33,783,783 | About $2.5 billion |
| Broadcom (AVGO) | 13,513,513 | About $1.0 billion |
| Micron (MU) | 13,513,513 | About $1.0 billion |
| Microsoft (MSFT) | 13,513,513 | About $1.0 billion |
| TSMC Partners | 6,756,756 | About $500 million |
Source: Anthropic's Nov. 10 amended S-1. Share counts assume the $74 midpoint of the range, so they will change with the final price.
The placement is scheduled to close right after the IPO, subject to conditions in the filing. Anthropic plans to price the offering on Nov. 18, CNBC reported.
TSMC gives no terms for its OpenAI investment
TSMC's filing doesn't say which OpenAI funding round the preferred stock comes from, or at what price. OpenAI has received about $11 billion at a $1.25 trillion valuation in its current round, Bloomberg reported on Nov. 6, and the round could reach $20 billion.
TSMC's board approves $40.93 billion in capital appropriations
At earlier meetings, the board approved capital appropriations of $29.44 billion in August and $31.28 billion in May, according to TSMC's August filing and May filing. The new appropriation is mainly for advanced technology and packaging capacity, fab construction, and 2027 research and development, the filing says.
The board also approved up to $500 million to set up an investment company for strategic investments in the chip industry and related businesses.
The third-quarter dividend of NT$9.0 a share compares with NT$7.0 for each of the first two quarters of 2026. The filing gives March 11, 2027, as the ex-dividend date for both TSMC's common shares and its American depositary shares. It sets April 8, 2027, as the payment date for the common shares and gives no separate payment date for the ADSs.
TSMC's October revenue rose 59.7% from a year earlier
In a separate filing on Tuesday, TSMC reported October revenue of about NT$586.89 billion. That was up 14.7% from September and 59.7% from October 2025.
Revenue for January through October totaled NT$4,485.62 billion, up 43.3% from the same period in 2025.
