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TAIPEI -- Taiwan Semiconductor Manufacturing Co., the world's largest contract chipmaker, reported that quarterly profit for April-June rose more than 36% on the year, in a sign of a continuation of the AI boom and recovery of the smartphone market.
Global chip stocks fell sharply, with ASML, Nvidia and TSMC posting declines amid reports of tighter export restrictions from the U.S. and a ramp-up of geopolitical tensions fueled by comments from former U.S. President Donald Trump.
India is expected to speed up the process of issuing visas for Chinese technicians, three government officials said, as it looks to overcome delays at manufacturing units that have hindered investments running into billions of dollars.
Former U.S. President Donald Trump, who is vying for another White House mandate, said he thinks that Taiwan should pay the U.S. for defense, claiming that the country "doesn't give us anything."
ASML reported second-quarter earnings and sales that beat forecasts, as interest in artificial intelligence chips drives up demand for the Dutch firm's critical semiconductor making equipment.
BANGKOK (AP) — In a year of major elections that will determine the destinies of many countries, China’s ruling Communist Party is holding closed, top-level meetings in Beijing to set strategies for reviving its slowing economy.
BEIJING — New tariffs on Chinese electric cars aren't enough to help foreign automakers stay competitive, especially in the lucrative China market, according to consulting firm AlixPartners.
TOKYO -- This year, Freund's annual general meeting was unusually contentious, thanks to one participant: Nao Makino from Kaname Capital.