Apple Chip Supplier TSMC Approves $1 Billion AI Investment
Apple chip supplier TSMC has announced board approval to invest up to $1 billion in AI companies OpenAI and Anthropic. The decision allows TSMC to buy up to $500 million of shares in each company. The board also authorized up to $500 million to create a company that will invest in semiconductor businesses and the wider industry.
TSMC manufactures Apple's custom chips, while OpenAI and Anthropic are developing processors of their own. The investments deepen TSMC's ties with companies that compete with Apple for its most advanced manufacturing capacity, as well as in the AI space more broadly. OpenAI is rumored to be working on hardware to rival Apple directly.
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