TSMC Adds $500 Million Semiconductor Vehicle, Setting $1.5 Billion Cap

Taiwan Semiconductor Manufacturing Co. approved up to $500 million for a separate investment company focused on the semiconductor industry and its related ecosystem, bringing the ceiling across three board authorizations to $1.5 billion.

The board approved the semiconductor investment company at its Nov. 10 meeting. Its authorization is separate from TSMC’s planned investments in Anthropic and OpenAI, which are capped at $500 million each.

The Anthropic investment would purchase common shares at a price based on the company’s initial public offering. The OpenAI investment would buy preferred shares in OpenAI Group PBC. The resolution did not specify a per-share price for the OpenAI shares.

The announcement gave no completion date, share count or resulting ownership percentage for either AI investment.