US finalizes up to $6.6 bn funding for chip giant TSMC WASHINGTON: The United States will award Taiwanese chip giant TSMC up to $6.6 billion in direct funding to help... Published 15 Nov, 2024 05:45pm
Technology Taiwan chip giant TSMC sued for alleged discrimination WASHINGTON: More than a dozen US-based employees of Taiwanese chipmaking giant TSMC have sued the company for... Published 14 Nov, 2024 01:17pm
World US ordered TSMC to halt shipments to China of chips used in AI applications NEW YORK/SINGAPORE: The U.S. ordered Taiwan Semiconductor Manufacturing Co, opens new tab to halt shipments of... Published 10 Nov, 2024 10:31am
World What Trump’s 2024 election win means for Asian companies Donald Trump has been elected US president, capping a remarkable comeback four years after he was voted out of the... Published 07 Nov, 2024 11:45am
Business & Finance Samsung to focus on high-end chips to improve earnings after disappointing results SEOUL: Samsung Electronics said it would focus on producing high-end chips to improve profitability after reporting... Published 31 Oct, 2024 09:46am
Technology TSMC suspended shipments to China firm after chip found on Huawei processor, sources say Taiwan Semiconductor Manufacturing Company suspended shipments to China-based chip designer Sophgo after a chip it... Published 27 Oct, 2024 10:22am
Markets TSMC stock hits new high after posting forecast-beating earnings TAIPEI: TSMC’s Taipei-listed shares hit a record high on Friday after the chipmaker posted forecast-beating... Published 18 Oct, 2024 09:40am
Technology Taiwan’s TSMC says full-year revenue forecast to grow nearly 30% TAIPEI: Taiwan’s TSMC said Thursday that its full-year revenue was forecast to grow nearly 30 percent, after the... Published 17 Oct, 2024 12:48pm
Technology SoftBank scraps AI chips tie-up plan with Intel, FT reports Japanese technology investor SoftBank dropped plans of producing an artificial intelligence chip with Intel to... Published 15 Aug, 2024 10:09am
Business & Finance Asian currencies: Ringgit and Indonesia’s rupiah led gains BENGALURU: Asian equity markets were subdued on Thursday as a rebound rally fizzled out, with stocks in Taiwan and... Published 09 Aug, 2024 07:52am
Technology TSMC leads chipmaker plunge as trade resumes after typhoon pause TAIPEI: Taiwanese giant TSMC tumbled with several other leading chip makers Friday as traders returned from a... Published 26 Jul, 2024 11:54am
Business & Finance TSMC Q2 revenue handily beats market forecasts TAIPEI: TSMC, the world’s largest contract chipmaker, reported on Wednesday second quarter revenue of T$673.51... Published 10 Jul, 2024 11:57am
Technology TSMC sees annual sales growth to reach 10% in semiconductor industry HSINCHU: Taiwanese contract chipmaker TSMC, a major supplier to Apple and Nvidia, on Thursday forecast an annual... Published 23 May, 2024 10:55am
Technology South Korea announces $19bn support package for chip industry SEOUL: South Korea announced on Thursday a 26 trillion won ($19 billion) support package for the country’s vital... Published 23 May, 2024 10:50am
Technology TSMC Q1 profit rises 9%, beats market expectations TAIPEI: Taiwanese chipmaker TSMC posted a 9% rise in first-quarter net profit on Thursday that beat market... Published 18 Apr, 2024 10:52am
Business & Finance US awards Samsung $6.4bn in grants for Texas chip complex WASHINGTON: The Biden administration will award up to $6.4 billion in grants to South Korea’s Samsung to expand its... Published 16 Apr, 2024 03:38am
Markets European shares rebound from one-month low; ECB rate verdict up next European shares staged a recovery after a knee-jerk reaction to a high U.S. inflation reading on Wednesday, with... Published 10 Apr, 2024 10:14pm
Business & Finance Intel expects to overtake TSMC in making fastest chips this year NEW YORK: Intel on Wednesday said it expected to beat a 2025 deadline to overtake its biggest rival in advanced chip... Published 22 Feb, 2024 06:55am
Technology Sony Q3 profit beats consensus, targets 2025 listing for financial business TOKYO: Sony’s operating profit jumped 10% in the third quarter, beating estimates, buoyed by the strength of its... Published 14 Feb, 2024 12:27pm
Markets Chips, megacaps steer gains on Wall Street NEW YORK: US stocks rose on Friday, with the benchmark S&P 500 on course to closing at its highest level, ... Published 20 Jan, 2024 05:18am
Business & Finance Asian FX logs weekly losses BENGALURU: Most Asian currencies were set to weaken against the dollar for the week as upbeat economic indicators... Published 20 Jan, 2024 05:18am
Markets European shares advance as chipmakers rally PARIS: European shares bounced back on Thursday following three straight sessions of losses, buoyed by Richemont and... Published 19 Jan, 2024 05:37am
Markets Chip, megacap stocks power gains on Nasdaq, S&P 500 NEW YORK: The benchmark Nasdaq and S&P 500 jumped on Thursday, recouping recent losses on a boost from chip and... Published 19 Jan, 2024 05:37am
Markets Wall Street ends sharply lower as chipmakers slide NEW YORK: US stocks ended sharply lower on Friday as chipmakers dropped on concerns about weak consumer demand, ... Published 18 Sep, 2023 06:32am
Business & Finance TSMC says Arizona plant making ‘fast progress’ TAIPEI: Taiwan chip giant TSMC’s planned factory in the United States was making “fast progress”, the... Published 11 Sep, 2023 06:32am
Markets Stocks stumble as ‘dollar juggernaut’ on a roll SINGAPORE: Asia’s stock markets dipped on Friday, with tech shares tumbling on deepening Sino-US tensions, while the... Published 08 Sep, 2023 10:09am
Business & Finance Taiwanese chip giant TSMC mulls German plant SCHIPHOL (Netherlands): Taiwanese chip giant TSMC is deciding whether to build a factory in Germany in a bid to ... Published 29 May, 2023 04:27am
World Japan’s prime minister to meet with top chip firms TOKYO: Japan’s Prime Minister Fumio Kishida plans to meet with top executives from global semiconductor companies as... Published 17 May, 2023 09:19am
Business & Finance Japan’s Honda Motor in strategic collaboration deal with TSMC TOKYO: Japan’s Honda Motor Co on Wednesday unveiled it struck a strategic collaboration agreement with Taiwan... Published 26 Apr, 2023 09:45am
Markets European shares snap five-day winning streak PARIS: European shares cooled off after five straight sessions of gains on Monday as bank shares led declines, while... Published 18 Apr, 2023 06:21am
KSE-100 closes above 97,000 for the first time as investors dismiss political noise, index gains 1,782 points