Tech & AI
TSMC Board Approves $40.9 Billion Capex Round and Up to $1 Billion in AI Stakes
The chipmaker also reported third-quarter net income of NT$763 billion and cleared stakes in OpenAI, Anthropic and a new strategic investment vehicle.
HedgeWeekly Tech & AI Desk ·
Taiwan Semiconductor Manufacturing Co's board, meeting on November 10, approved capital appropriations of about $40.93 billion. The money is for advanced chip-making capacity, advanced packaging (stacking and linking chips), mature and specialty processes, fab construction and facilities, and 2027 research spending, according to its filing with the US Securities and Exchange Commission.
The board also approved third-quarter results: revenue of NT$1,494.24 billion, net income of NT$763.06 billion and diluted earnings of NT$29.43 per share. It declared a cash dividend of NT$9.0 per share, payable on April 8, 2027 to holders of record on March 17.
Separately, TSMC authorised up to $500 million to buy Anthropic common shares at its IPO price and up to $500 million of OpenAI preferred stock. A further $500 million at most was approved to set up an investment company for the semiconductor ecosystem. These are ceilings, not completed purchases, and the Anthropic stake depends on the offering going ahead.
Why it matters: TSMC makes the leading AI processors for its customers, so stakes in two big AI developers tie it more closely to the demand it serves, though they are small beside its capex. Investors will watch whether the spending round signals further capacity growth, how Anthropic's IPO prices, and whether other suppliers follow.