#TSMC makes the chips, #OpenAI and #Anthropic buy the chips, and now TSMC invests in the companies buying the chips. Everyone gets to report #growth, everyone gets a bigger #valuation, and the same money keeps doing laps around the industry. The silicon is real. The demand signal is starting to look like a hall of mirrors. https://arstechnica.com/ai/2026/11/taiwans-chipmaking-giant-tsmc-to-invest-1b-in-anthropic-openai/?Opinionated.EU #techopinion #tech #opinion