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TAIPEI -- Foxconn and Quanta Computer are among major Taiwanese electronics manufacturers boosting contract production of generative AI servers, looking to capture exploding demand from U.S. companies as profits from mainstay smartphones and computers lag.
Chipmaking giant Nvidia entered "correction territory," after shares briefly fell 10% from their most recent all-time closing high.
Meta Platforms unveiled details on Wednesday about the next generation of the company's in-house artificial intelligence accelerator chip.
Taiwan Semiconductor Manufacturing Co. (TSMC), posted a surge in monthly revenue in March, as it cashed in on a continuing artificial intelligence boom powered by high-end chips.
TAIPEI (Reuters) -- Taiwan chipmaker TSMC reported a 16.5% rise in first-quarter revenue on Wednesday, beating market expectations and at the high end of the company's own guidance as its sales boom on demand for artificial intelligence applications.
This is CNBC's live blog covering Asia-Pacific markets.
TSMC has announced that its semiconductor manufacturing operations are rapidly recovering from the disruption caused by the earthquake that hit Taiwan on April 3 and that its revenue target for 2024 remains unchanged. The company’s factories were built with a high degree of earthquake resistance.
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