TSMC Authorizes Up to $500 Million for Semiconductor Investment Company

Taiwan Semiconductor Manufacturing Company Limited approved up to $500 million to establish an investment company for strategic semiconductor-industry and ecosystem investments, a separate authorization alongside its AI-company approvals.

At its Nov. 10 meeting, the board also approved up to $1 billion in investments in Anthropic and OpenAI, with a cap of $500 million for each. TSMC plans to buy Anthropic common shares at the company’s initial public offering price and invest in preferred stock of OpenAI Group PBC. The approvals set maximum amounts and do not confirm that the investments have been completed.

The board approved about $40.93 billion in capital appropriations, mainly for installation or upgrades of advanced technology capacity; advanced packaging, mature and/or specialty technology capacity; fab construction; and facility systems. The authorization also covers the 2027 research and development capital budget, sustaining capital expenditures and capitalized leased assets.