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AI boom delivers record net profit for Taiwan’s TSMC
Taiwanese tech titan TSMC reported Thursday a record net profit for the third quarter on skyrocketing demand for microchips used to power iPhones and artificial intelligence.Taiwan Semiconductor Manufacturing Company, the world’s largest contract chipmaker, has been a massive beneficiary of the frenzy in AI investment.TSMC’s clients Nvidia and Apple are among firms pouring many billions …
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US Treasury chief: Beijing’s rare earths move is ‘China vs world’
US Treasury Secretary Scott Bessent slammed Beijing’s rare earth export curbs Wednesday as “China versus the world,” vowing that Washington and its allies would “neither be commanded nor controlled.””This should be a clear sign to our allies that we must work together, and work together we will,” Bessent told reporters at a press conference. “We are …
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