OpenAI CEO Sam Altman is trying to raise $7 trillion for a massive AI chip company. This would need to tap all of the assets of multiple Sovereign Wealth Funds. If the funds were raised to make many new semiconductor fabs and design new chips, then this would mean multiplying the capital expenditure of TSMC and competing chip companies for multiple decades of development.

Taiwan Semiconductor Manufacturing Company (TSMC) expects to spend $32 billion on capital expenditure (capex) in 2023, which is lower than its 2022 budget of $36.29 billion. TSMC’s CFO, Wendell Huang, has said that TSMC’s planned capex for 2024 will be between $28 billion and $32 billion.

Tripling TSMC spending and then also having Samsung increase development would mean $100-150 billion per year. This could only be reasonably scaled to $1.5-2 trillion in spending from 2025-2040.

The amount of funds in the top sovereign wealth funds is not exactly known. There are various public estimates.

There are lists estimating the sovereign wealth funds at wikipedia and elsewhere.

There is a list by the Sovereign Wealth Fund Institute.

Taiwan Semiconductor Manufacturing Company (TSMC) expects to spend $32 billion on capital expenditure (capex) in 2023, which is lower than its 2022 budget of $36.29 billion. TSMC’s CFO, Wendell Huang, has said that TSMC’s planned capex for 2024 will be between $28 billion and $32 billion.

OpenAI CEO Asking for Multiple Sovereign Wealth Fund Assets for New AI Chips