Taiwan Semiconductor Manufacturing's (TSM) board approved investments of up to $500 million each in Anthropic (ANT) and Microsoft-backed (MSFT) OpenAI to acquire common shares and preferred stock, respectively, the company said Tuesday.

The board approved approximately $40.93 billion in capital appropriations, mainly for capacity expansion, fab construction and 2027 research and development investments, the company said.

Separately, TSM approved up to $500 million to establish an investment company focused on strategic investments in the semiconductor industry and related ecosystem.

The board also announced a Q3 cash dividend of NT$9 ($0.27) per share, payable April 8, 2027.