Denglin falls, Xinde rises in Hong Kong trading debuts
The Chinese chip companies raised a combined HK$2.36 billion through their initial public offerings.
TSMC plans investments totaling up to $1 billion in Anthropic and OpenAI
The chipmaker's board authorized up to $500 million for shares in each AI developer, including a purchase tied to Anthropic's IPO price.
Taiwanese chipmaker TSMC plans to take equity stakes in Anthropic and OpenAI through investments totaling up to $1 billion, following board approval on November 10. The purchases would add ownership interests in AI developers to its role as a chip supplier.
The board authorized spending up to $500 million on Anthropic shares at the company's initial public offering price. It separately approved up to $500 million for preferred shares in OpenAI.
Anthropic priced its IPO at $70 to $78 a share on November 10, targeting a valuation as high as $1.4 trillion. The developer of Claude is also seeking $26 billion in a private placement, with backing from investors including Alphabet's Google, Nvidia, AMD and Microsoft.
TSMC reported its sixth straight quarter of record profit in October and described AI-chip demand as extremely robust, while taking a cautious view of 2027. The company expects revenue to grow about 44% for full-year 2026 and said demand still exceeds its manufacturing capacity.
Its production expansion includes a $265 billion investment in Arizona manufacturing facilities. TSMC is also assessing possible projects in Texas.