Article title: Seeking the "next 英伟达": TSMC plans to set up a $500 million venture capital fund
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Seeking the "next 英伟达": TSMC plans to set up a $500 million venture capital fund
IT Home, November 13 news, according to a report by Nikkei Asia this morning (the 13th), TSMC plans to set up a $500 million (IT Home note: at current exchange rates about 3.343 billion yuan) venture capital fund to support chip startups that are expected to grow into the next 英伟达 or Broadcom.
张晓强, senior vice president of business development and global sales and deputy co-chief operating officer of TSMC, revealed that with the AI industry booming, the company hopes to expand the industrial ecosystem through the new fund and establish a more standardized investment mechanism. The new fund announced this week may also invest in suppliers and other upstream partners, no longer limiting investment targets to direct customers.
张晓强 revealed for the first time the reason for setting up a dedicated investment department: "We believe it is time to establish a formal investment mechanism. We also want to expand the scope of investment, no longer only targeting direct customers, but using this to develop a broader industrial ecosystem, including upstream partners such as suppliers."
张晓强 also talked about the reasons behind TSMC's investment of up to $500 million (at current exchange rates about 3.343 billion yuan) each in Anthropic and OpenAI. "Investing in Anthropic or OpenAI can create a mutually reinforcing virtuous cycle, making the entire industrial ecosystem richer and healthier, and is also expected to further expand scale. We hope to continue advancing silicon technology to meet future computing demand."
The initial size of the new venture capital fund is $500 million (at current exchange rates about 3.343 billion yuan), far higher than the $200 million (at current exchange rates about 1.337 billion yuan) emerging enterprise fund TSMC set up in 2021. The previous fund mainly helped startups use TSMC's advanced chip manufacturing technology.
张晓强 pointed out that the establishment of the new venture capital department shows that, in addition to providing foundry services to global chip giants, TSMC also hopes to support emerging companies in the semiconductor industry. "We do not only serve large customers. When people talk about TSMC, the first names that may come to mind are Apple, 英伟达, AMD and Broadcom. That's right, they are all excellent customers. But don't forget that when 英伟达 first began working with us, it was also just a startup. We not only want to support today's 英伟达, but also hope to support the 英伟达 of the future."
TSMC has committed a total investment of up to $1.7 billion (at current exchange rates about 11.365 billion yuan), covering the 2021 emerging enterprise fund, the new venture capital department, and the investment plans for OpenAI and Anthropic. 张晓强 revealed that the investment returns of the original fund have been excellent, and if needed, TSMC does not rule out continuing to expand the size of the new fund.
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