TSMC Reports Soaring October Revenue Driven by AI Demand, Approves $1 Billion Investment in Anthropic and OpenAI

Taiwan Semiconductor Manufacturing Co. (TSMC) announced a 59.7% year-on-year increase in October revenue, reaching approximately NT$586.89 billion (approximately $17.88 billion USD), largely fueled by strong demand for AI-related chips. Concurrently, TSMC's board approved investments of up to $500 million in Anthropic and $500 million in OpenAI, aiming to deepen its understanding of AI demand and solidify its position in the rapidly evolving AI landscape.