The Pulse
TSMC board approves up to $500 million each for Anthropic and OpenAI stakes
TSMC’s board approved investments of up to $500 million each in Anthropic and OpenAI. The resolutions also cover a separate investment company, capital spending, quarterly results and a dividend.
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Two investments, each capped at $500 million
Taiwan Semiconductor Manufacturing Company’s board approved investments of up to US$500 million each in Anthropic and OpenAI, authorizing as much as US$1 billion in total. The resolutions set the Anthropic investment at Anthropic’s per-share initial public offering price, for common shares, and specify that the OpenAI investment would acquire preferred stock.
The approvals were among resolutions passed at a TSMC board meeting on Nov. 10, according to a filing with the U.S. Securities and Exchange Commission. The filing records board approval for the investments; it does not describe either purchase as completed.
The board separately approved up to US$500 million to establish an investment company that would make strategic investments in the semiconductor industry and related ecosystem. That authorization is listed separately from the two share purchases.
Capacity and financial results
In another resolution, the board approved approximately US$40,926.70 million in capital appropriations. TSMC said the spending is intended to meet long-term capacity plans based on market-demand forecasts and its technology development roadmap.
The listed uses include installing or upgrading advanced technology capacity; advanced packaging, mature and specialty technology capacity; and fab construction and facility systems. The appropriation also includes 2027 research and development capital investment, sustaining capital expenditures and capitalized leased assets.
The board approved TSMC’s 2026 third-quarter business report and financial statements. Consolidated revenue for the quarter was NT$1,494.24 billion and net income was NT$763.06 billion, with diluted earnings per share of NT$29.43, the filing said.
For the nine months ended Sept. 30, TSMC reported net sales of NT$3,898,726,974 thousand, gross profit of NT$2,603,984,766 thousand and income from operations of NT$2,302,013,957 thousand. Income before tax was NT$2,461,268,543 thousand, while net income was NT$2,042,923,054 thousand and basic earnings per share were NT$78.75. The figures were prepared in accordance with TIFRS on a consolidated basis.
As of Sept. 30, total assets were NT$10,052,887,514 thousand and total liabilities were NT$3,009,660,084 thousand. Equity attributable to shareholders of the parent was NT$6,997,901,424 thousand, according to the filing.
Dividend schedule
The board also approved a cash dividend of NT$9.0 per share for the third quarter of 2026. For common shares, it set March 17, 2027 as the record date and March 11 as the ex-dividend date; payment is scheduled for April 8, 2027.
TSMC said the shareholders’ register will be closed from March 13 through March 17, 2027, for registration transfers, as required by Article 165 of Taiwan’s Company Law. For American Depositary Shares, March 11, 2027 is both the ex-dividend date and the record date for dividend entitlement.