Thank you @CNBC & @sheilachiang for covering our rapid global expansion powered by solid R&D. This year @WeRide initiated the deployment of #Robosweeper in Singapore and rolled out #Robobus service at Resorts World Sentosa.
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BREAKING: TSMC beats on top and bottom line.
Surging demand for advanced chips used in AI applications has boosted TSMC’s Taiwan-listed shares by nearly 70% so far this year.
Development of 2-nanometer technology is “progressing well” and is on track for volume production in 2025, said TSMC.
Brady Wang, associate director of Counterpoint Research, said that the capacity of the 3-nanometer process is expected to more than double in 2024 compared to the previous year.
Revenue: 673.51 billion New Taiwan dollars ($20.82 billion), vs. NT$657.58 billion expected
Net income: NT$247.85 billion, vs. NT$238.8 billion expected
Great reporting from @sheilachiang of @CNBC.
TSMC second-quarter profit beats expectations as AI chip boom continues https://t.co/3hBQ93sJ5K
cc @dvellante@furrier@ShellyKramer@dfloyer@Craw@rwang0@jonfortt
It's getting more exciting covering semiconductor chips... it was like a boxing match at Computex Taipei earlier this month. Chip firms were showcasing new AI chips one after another, merely months after their last chip announcements.
The AI chip race is heating up.
The AI race is heating up, as semiconductor companies and Big Tech firms unveil new AI products with faster project cycles at recent tech conferences such as Computex Taipei and Apple's Worldwide Developers Conference.
Chip firms are racing to launch faster and more powerful processors to stay relevant in the AI race. Nvidia on Sunday unveiled its next generation of AI chips named “Rubin” to succeed the previous “Blackwell” model, which was just announced in March.
https://t.co/BirIZZYacd
The recent earnings calls of the world’s two largest memory chipmakers signaled that weak demand may have finally bottomed out.
https://t.co/MvPCOJhhl8
Foodpanda confirmed with CNBC it is conducting its latest round of layoffs on Friday. It also said it is in discussions to sell part of its Southeast Asia business.
https://t.co/LTehYeDP2W