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Month: July 2024

Posted on 19/07/2024

TSMC shares fall nearly 2% even after raising 2024 revenue forecast

TAIPEI (Reuters) - Taipei-listed shares of TSMC fell at the market open on Friday, even after the company raised its full-year revenue forecast and reported a market-beating net profit for the second ...

Posted on 19/07/2024

Rubio says Trump will continue to back Taiwan in a second term

MILWAUKEE (Reuters) -Republican Senator Marco Rubio, who was a finalist to be Donald Trump's running mate in the U.S. presidential campaign, said on Thursday he expected the U.S. would continue to ...

Posted on 19/07/2024

Taiwan responds to Trump comments, says defense spending has reached historic levels

A top Taiwanese official said defense spending has reached historic levels as he responded to former President Trump’s comments earlier this week that the island nation should pay more for

Posted on 19/07/2024

China halted nuclear-weapons talks with the US to show how annoyed it is over Taiwan

China has pressed pause on arms control and nuclear proliferation talks with the US, blaming the suspension on US arms sales to Taiwan.

Posted on 19/07/2024

‘Pay us’: Transactional Trump sows Taiwan trouble

For Donald Trump, US defense guarantees come with a price. I think, Taiwan should pay us for defense," he said in a Bloomberg Businessweek interview.

Posted on 19/07/2024

US Equity Indexes Decline as Taiwan Semiconductor’s Q2 Results Fail to Trigger Buying Across Technology

US equity indexes fell after midday Thursday as Taiwan Semiconductor Manufacturing Company's (TSM) results failed to inspire a wave of buying in semiconductor names and jobless claims increased more than forecast.

Posted on 19/07/2024

‘Taiwan should pay US for protection’: Donald Trump sparks row, throws into question America’s stance in event of Chinese invasion

Former US President Donald Trump has stirred controversy with his remarks suggesting that the self-governed island of Taiwan should pay for American protection against potential Chinese aggression. In an interview with Bloomberg Businessweek,

Posted on 19/07/2024

Taiwan’s TSMC reports NT$20 billion Q2 revenue

TAIPEI (Taiwan News) — Taiwan Semiconductor Manufacturing Company (TSMC) announced Thursday (July 18) a Q2 revenue of $20.82 billion (US$637 million), a 32.8% increase year-over-year.

Posted on 19/07/2024

TSMC Hikes Revenue Guidance on Smartphone and AI Hopes. The Stock’s Rising.

Taiwan Semiconductor Manufacturing is thriving on rising demand for artificial-intelligence chips, but geopolitics may drive investor sentiment in the short term.TSMC reported second-quarter earnings ...

Posted on 19/07/2024

Donald Trump wants Taiwan to pay for U.S. protection—and that should worry shareholders of Nvidia, Microsoft and Tesla

Taiwan needs to pay more protection money to the United States if it wants to prevent China from invading, Donald Trump said in comments that pose serious implications for leading artificial ...

Posted on 19/07/2024

SMH, Semiconductors Hit by Trump Taiwan Talk

The VanEck Semiconductor ETF (SMH) fell 4.6% as Taiwan Semiconductor Manufacturing (TSM) receives a 13% allocation in the fund, second only to Nvidia’s 20% weighting. TSM is the world’s largest ...

Posted on 19/07/2024

Trump’s request for Taiwan to pay for its defense is ‘likely serious’: analyst

Former President Donald Trump’s recent suggestion that Taiwan should share the cost of its defense with the United States is “likely serious,” according to Jefferies analysts. Trump's approach aligns with his business-like management style,

Posted on 18/07/2024

Trump Says Taiwan Should Pay For Its Defense To US, But If China Invades Taipei, It Will Be ‘Catastrophic’ For American Economy, Says Analyst: ‘It’s Dark And It’s High Stakes’

Former President Donald Trump on Tuesday suggested that Taiwan should compensate the U.S. for its protection against China. This statement has raised questions about the future of U.S. support for Taiwan,

Posted on 18/07/2024

Could a Trump-Vance win reshape America’s relationship with China – and Taiwan?

The official launch of the Republican presidential campaign ticket of Donald Trump and JD Vance this week has been closely scrutinized by governments around the globe looking for clues to what a return of an “America First” foreign policy might look like – including in the world’s second-largest economy.

Posted on 18/07/2024

Trump And Biden Trigger Massive Chip Stock Selloffs In Asia After Big Tech Plummets On Wall Street

Chip stocks in Asia tumbled again on Thursday after a bruising selloff of tech stocks on Wall Street the day before, a sign of caution amid concerns the U.S. is poised to slap more trade restrictions ...

Posted on 18/07/2024

Taiwan’s TSMC second-quarter net profit jumps on Gen AI demand

Taiwan chip giant TSMC said Thursday net profit jumped by more than a third in the second quarter of 2024, buoyed by global demand for generative artificial intelligence products. "Moving into third quarter 2024,

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