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Taiwan’s TSMC stops shipments to client after chips sent to Huawei
Taiwanese chipmaking giant TSMC halted shipments to a customer this month after its semiconductors were sent to China’s Huawei, a Taipei government official told AFP, potentially breaching US sanctions.Taiwan Semiconductor Manufacturing Company is the world’s largest contract manufacturer of chips used in everything from Apple iPhones to Nvidia’s cutting-edge artificial intelligence hardware.Huawei, the world’s leading …
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Asian traders struggle after Wall St losses as US yields spike
Asian markets mostly fell Thursday following steep losses on Wall Street as a spike in US Treasury yields led investors to scale back their expectations on interest rate cuts.With the US presidential election still seen as a coin toss less than two weeks out, there was plenty of uncertainty on trading floors, though observers said …
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Hermes bucks trend to post rising sales
French luxury group Hermes posted Thursday a jump in third quarter sales, bucking the overall gloom in the sector caused by falling sales in China.The luxury house, famous for its leather bags and silk scarves, saw overall sales rising 10 percent to 3.7 billion euros ($4.0 billion) in the July to September period.China is the …