Two gatherings in Beijing on Wednesday set the scene for China’s response to ongoing global economic disruptions. A meeting of the CPC’s Politburo pledged to maintain current macroeconomic policy, to “stabilize the fundamentals of foreign trade and investment,” and to support companies impacted by economic shocks. Chinese President Xi Jinping also led a gathering of non-Party…
Nvidia placed orders for 300,000 H20 chipsets with contract manufacturer TSMC last week, two sources said, with one of them adding that strong Chinese demand had led the US firm to change its mind about just relying on its existing stockpile. The Trump administration this month allowed Nvidia to resume sales of H20 graphics processing…
By Heekyong Yang and Hyunjoo Jin SEOUL (Reuters) -Samsung Electronics has signed a deal to supply chips to Tesla Inc, two people briefed about the matter told Reuters on Monday, in a significant boost to the South Korean tech giant’s loss-making contract manufacturing business. On Saturday, Samsung announced a $16.5 billion chip supply deal with…
By Makiko Yamazaki TOKYO (Reuters) -Japan’s $550 billion investment package agreed in this week’s U.S. tariff deal could help finance a Taiwanese firm building semiconductor plants in the U.S., Japan’s top trade negotiator Ryosei Akazawa said on Saturday. Japan agreed to the sweeping U.S.-bound investment initiative, which includes equity, loans and guarantees, in exchange for…
Taiwanese chipmaking giant TSMC reported Thursday a forecast-beating 60% rise in net profit for the second quarter on sustained demand for artificial intelligence technology. Taiwan Semiconductor Manufacturing Company is the world’s largest contract maker of chips and counts Nvidia and Apple among its clients. The firm said its net profit for the three months to…
By Max A. Cherney, Jeffrey Dastin and Stephen Nellis SAN FRANCISCO (Reuters) -Intel’s (INTC) new chief executive is exploring a big change to its contract manufacturing business to win major customers, two people familiar with the matter told Reuters, in a potentially expensive shift from his predecessor’s plans. If implemented, the new strategy for what…
By Max A. Cherney, Jeffrey Dastin and Stephen Nellis SAN FRANCISCO (Reuters) -Intel’s new chief executive is exploring a big change to its contract manufacturing business to win major customers, two people familiar with the matter told Reuters, in a potentially expensive shift from his predecessor’s plans. If implemented, the new strategy for what Intel…
Home » TRAVEL NEWS UPDATES » Now, China Joins with Taiwan and South Korea in Driving High-Growth Tech Stocks: A Focus on Dongguan Aohai Technology and Other Key Players, Here Is What You Need To Know Tuesday, July 1, 2025 As global markets experience a surge, with major indices such as the S&P 500 and…
US President Donald Trump has stated that he told the Taiwan Semiconductor Manufacturing Company (TSMC) that it will be subjected to a tax of up to 100% should the company fail to construct its planned factories within the country. This development coincides with a separate report indicating that the Apple chipmaker could potentially face a…
Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, is under investigation by the US Department of Commerce for allegedly violating export control regulations. The probe centers on a chip manufactured by TSMC for Sophgo, a China-based chip design company, which reportedly ended up in Huawei’s high-end Ascend 910B artificial intelligence processor. Huawei has…