Taiwan Semiconductor Manufacturing Co. (TSMC) achieved remarkable growth in April, with sales skyrocketing by 60% to NT$236 billion ($7.3 billion). This surge was primarily fueled by the sustained demand for artificial intelligence (AI) chips, further boosted by the nascent recovery in the consumer electronics sector. The world's leading contract...
Read moreKorean companies are dominating the corporate dollar bond market, surpassing their Chinese counterparts with a record-breaking surge in issuance. Data compiled by Bloomberg reveals that dollar bond offerings from South Korea have seen a remarkable 17% increase, reaching an unprecedented $17.6 billion so far in 2024. This surge not...
Read moreIn a long-awaited development, creditors of the defunct Mt. Gox cryptocurrency exchanges are finally seeing progress in the return of their funds. The exchange, which famously collapsed in 2014 after losing approximately 850,000 bitcoins, is now closer to disbursing its remaining $9 billion worth of BTC holdings. Recent updates...
Read moreBitcoin, the leading cryptocurrency, recently underwent a highly anticipated software upgrade known as the "halving." This event, which occurs approximately every four years, has significant implications for the cryptocurrency market and the mining community. The Bitcoin halving event involves cutting the reward given to miners for verifying transactions on...
Read moreMicrosoft Corp. has announced a significant investment of $1.5 billion in G42, the top artificial intelligence (AI) firm based in the United Arab Emirates. This strategic move comes after G42, headquartered in Abu Dhabi, made a groundbreaking decision to cut ties with China as part of a deal with...
Read moreApple has significantly increased its iPhone production in India, reaching a total value of $14 billion. This marks a doubling of output compared to previous years, with 14% of iPhones now being produced locally. The boost in production comes as Apple aims to expand its presence in the Indian...
Read moreIn a significant move to bolster domestic semiconductor production, the United States has announced plans to provide Taiwan Semiconductor Manufacturing Co. (TSMC) with $6.6 billion in grants and up to $5 billion in loans. This funding will support TSMC's endeavor to establish new chip manufacturing facilities in Arizona, as...
Read moreIn a bold prediction, Ripple CEO Brad Garlinghouse anticipates that the cryptocurrency market will double in size to reach a staggering $5 trillion by the end of 2024. This optimistic outlook comes as the digital asset industry continues to gain momentum and attract significant interest from both individual and...
Read moreIn a challenging landscape for electric vehicle manufacturers, Tesla Inc. is experiencing a significant drop in market share in China, the world's largest automotive market. The company's struggles in China are part of a broader global slowdown in EV demand, leading to Tesla's largest quarterly sales miss to date....
Read moreFormer President Donald Trump has successfully paid a $175 million bond in order to prevent the seizure of his assets, as he appeals a massive civil fraud verdict imposed on him earlier this year. The bond was posted with a Manhattan appeals court on Monday, ensuring that the state...
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