TSMC Board Backs Up to $500M Each in Anthropic and OpenAI
Summary
TSMC's board approved buying up to $500 million of Anthropic common stock at the IPO price, plus up to $500 million of OpenAI preferred stock. For Anthropic, a top-tier chipmaker committing at the IPO price is a credible anchor order during a roadshow that has drawn pushback on valuation. It lands the same morning Anthropic launched its roadshow at $70 to $78 a share, targeting a valuation of up to $1.3 trillion, though Anthropic has reportedly retracted its IPO plan details after briefly sharing them with banks. Anthropic has aggregate committed spend of about $900.9 billion as of and subsequent to September 30. The OpenAI leg is a separate strategic bet and does not affect Anthropic's book.
This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.