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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.
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TOKYO/HONG KONG/NEW YORK -- Semiconductor-related stocks from TSMC to Tokyo Electron and Nvidia plummeted on Wednesday following remarks by Donald Trump on Taiwan and media reports that the U.S. may intensify measures to prevent companies from providing advanced technology to China.
Chinese leader Xi Jinping can’t be happy his Third Plenum extravaganza is competing for headlines with events 11,000 kilometers from Beijing.
The recent decline in global chip stocks – with industry giants like ASML, Nvidia, and Taiwan Semiconductor Manufacturing Company (TSMC) taking significant hits – signals more than just market volatility.
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."
Donald J. Trump, the Republican presidential nominee, said that Taiwan should pay the United States for defending it from China, a remark highlighting the uncertainties — and high stakes — of how he might handle the smoldering Taiwan Strait dispute if he should win a second term.