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Business

“TSMC’s April Sales Jump 60% on Sustained Demand for AI Chips”

“…The world’s largest contract chipmaker is running well ahead of estimates for revenue growth in the current quarter, after sales increased by 34.3% in March, buoyed largely by insatiable appetite for AI semiconductors. The global smartphone industry returned to growth… Continue Reading…

Business

“Intel closes up 9% after earnings beat shows progress toward $3 billion in cost savings”

“Intel stock closed up 9.3% on Friday after the company beat Wall Street expectations for profit and sales. On Thursday, the chipmaker reported earnings per share of 41 cents, adjusted, versus the LSEG estimate of 22 cents. It posted $14.16 billion in revenue… Continue Reading…

Business, Economy

“British semiconductor bosses threaten to move overseas as U.S. and EU splurge on chips”

“The U.K.’s semiconductor industry is crying out for financial support from the government, with insiders warning the country risks losing its microchip firms to the U.S. and other countries if it doesn’t act soon… Pragmatic Semiconductor, a Cambridge, England-based startup… Continue Reading…