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Month: October 2024

Posted on 17/10/2024

Taiwan Semi soars after AI demand boosts outlook; will not buy Intel foundry (update)

Taiwan Semiconductor's (NYSE:TSM) stock jumped 8% in premarket trading on Thursday after the global foundry reported third-quarter results and guidance that topped estimates, amid surging demand for ...

Posted on 17/10/2024

Half of Taiwanese believe Ko Wen-je is being treated fairly in court case

Taiwanese Public Opinion Foundation’s (TPOF) latest poll on public perception of the ongoing graft case involving former Taipei Mayor Ko Wen-je (柯文哲) on Thursday (Oct. 17) indicates that half of the ...

Posted on 17/10/2024

TSMC bullish on outlook as AI boom blows Q3 profit past forecasts

TSMC estimated its capital spending in the current quarter would more than double to around $11.5 billion and that the budget was likely to increase further next year, as it expects healthy demand for ...

Posted on 17/10/2024

Taiwan unveils world’s smallest quantum computer

Academics in Taiwan have unveiled the world's smallest quantum computer, capable of performing integer factorization using only a single photon. These significant strides in quantum technology were ...

Posted on 17/10/2024

Taiwan semiconductor TSMC sees US$10b in net profit as AI tech grows; to open four overseas plants in US and Japan

Taiwanese chip giant TSMC announced a bigger-than-expected increase in net profit for the third quarter on Thursday and raised its growth forecasts for the ...

Posted on 17/10/2024

These Stocks Are Moving the Most Today: Taiwan Semiconductor, Expedia, Lucid, CSX, Alcoa, Netflix, and More

Taiwan Semiconductor posts third-quarter earnings that surged 54% to a record, Expedia jumps after a report says Uber has explored a bid for the online travel company, and Lucid expects wider losses.

Posted on 17/10/2024

Taiwan Semi’s Earnings Are Almost Here. AI Chip Demand Should Still Be Strong.

TSMC;s earnings are a bellwether for the entire chip sector but it will be AI chips which are in focus and particularly how quickly it can ramp up production for Nvidia’s Blackwell processors.

Posted on 17/10/2024

China Won’t Renounce Use of Force Over Taiwan; Xi Visits Frontline Island

China, which views democratically governed Taiwan as its own territory, staged a day of large-scale drills around the island on Monday that it said were a warning to "separatist acts" following last week's national day speech by Taiwan President Lai Ching-te.

Posted on 17/10/2024

DoIT Announces First Taiwan-Made AI Solid-State LiDAR System

The Department of Industrial Technology (DoIT) of the Ministry of Economic Affairs (MOEA) launched its Discovering Technology Treasures pavilion today (October 17) at the 2024 Taiwan Innotech Expo ...

Posted on 17/10/2024

Taiwan’s TSMC posts sharp rise in third quarter net profit

Taiwanese chip giant TSMC announced a bigger-than-expected increase in net profit for the third quarter on Thursday and raised its growth forecasts for the year on "extremely robust" demand for AI ...

Posted on 17/10/2024

TSMC Q3 profit rises 54%, better than forecasts

Taiwanese chipmaker TSMC posted a 54% rise in third-quarter net profit on Thursday that beat market expectations as it continues to reap the rewards of surging demand for semiconductors used in ...

Posted on 17/10/2024

China building capacity to rapidly strike Taiwan, senior Taiwanese official says

China is building its capacity to rapidly turn military drills into a full-out attack, a senior Taiwan security official said, providing the Taipei government's assessment of the strategic intent behind Beijing's war games around the island this week.

Posted on 17/10/2024

China Employs Hackers and Celebrities to Undermine Taiwan

Alongside its most high-profile tactic—sending a message of military dominance—China is employing what Taiwan says is an expanding army of hackers, diplomats, prosecutors and celebrities in its effort to persuade Taiwan to submit to Beijing.

Posted on 17/10/2024

China deploys record 125 warplanes in large-scale military drill in warning to Taiwan

China employed a record 125 aircraft, as well as its Liaoning aircraft carrier and ships, in large-scale military exercises surrounding Taiwan and its outlying islands Monday, simulating the sealing off of key ports in a move that underscores the tense situation in the Taiwan Strait,

Posted on 17/10/2024

TSMC set to report strong profit driven by AI boom

Taiwan Semiconductor Manufacturing Co, the dominant producer of advanced chips used in artificial intelligence applications, is expected to report a 42% leap in third-quarter profit on Thursday thanks ...

Posted on 17/10/2024

China holds military drills around Taiwan, drawing anger in Taipei and concern from US

China's military staged a day of war games near Taiwan on Monday, saying it was a warning to the "separatist acts of Taiwan independence forces" and drawing condemnation from the Taipei and U.S. governments.

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