StocksMedium•11 November 2026•
1 min read
TSM Stock Rises as Board Approves $1 Billion Investment in AI Startups
Key Facts
1TSM's board approved investments of up to $500 million each in Anthropic and OpenAI.
Taiwan Semiconductor Manufacturing Co (TSM) shares rose 2.9% following the board's approval of a $1 billion total investment plan. Schaeffers Research reported that the board approved investments of up to $500 million each in AI startups Anthropic and OpenAI.
TSM closed at $396.48 on November 10, 2026, after reaching a session high of $400.21. The investment signals a strategic move by the company to deepen its involvement in the AI ecosystem beyond manufacturing, securing its position as a key partner to leading AI model developers.