close
close
  • Thu. Nov 7th, 2024
    • '

    Tag: TSMC

    Trump's election victory could take the chip war between the US and China to a new level
    News

    Trump's election victory could take the chip war between the US and China to a new level

    In this story Since President-elect Donald Trump's first term, the United States has used its trade restriction and sanctions powers to curb China's technological advances. Now that he returns to the White House, the semiconductor war between the US and China could escalate. Sales of Novo Nordisk's blockbuster weight loss drug Wegovy continue to rise […]

    author
    US chip stocks rally as TSMC's AI-powered outlook impresses investors
    News

    US chip stocks rally as TSMC's AI-powered outlook impresses investors

    (Reuters) – U.S. chip stocks rose on Thursday after strong sales forecast from industry leader TSMC boosted investor optimism about demand for processors used in artificial intelligence applications. Taiwan Semiconductor Manufacturing Co, the world's largest contract chipmaker, raised its expectations for annual revenue growth and said AI chip sales would account for a mid-teens percentage […]

    author
    Dow, S&P 500 and Nasdaq rise as TSMC outlook sparks rally in chip stocks
    News

    Dow, S&P 500 and Nasdaq rise as TSMC outlook sparks rally in chip stocks

    U.S.-listed shares of Taiwan Semiconductor Manufacturing Company (TSM) rose 9.6% in premarket trading, putting the stock at an all-time high after its third-quarter earnings beat analysts' estimates. TSMC posted a 54% jump in profits and raised its full-year revenue forecast. TSMC makes chips for Nvidia (NVDA) and its competitor Advanced Micro Devices (AMD), as well […]

    author