AI Chip Demand Drives Taiwan Chipmaker TSMCs’ Second Quarter Profits Up By 30%

AI Chip Demand Drives Taiwan Chipmaker TSMCs’ Second Quarter Profits Up By 30%

TSMC is the world’s largest contract chipmaker (REUTERS/Ann Wang/ File Photo) Taipei: Taiwan Semiconductor Manufacturing Co, the main producer of advanced chips used in artificial intelligence applications, is expected to report a 30% rise in second-quarter profit on Thursday thanks to soaring demand.The world’s largest contract chipmaker, whose customers include Apple and Nvidia, has benefited … Read more

US is slowing AI chip exports to Middle East by Nvidia, AMD

US is slowing AI chip exports to Middle East by Nvidia, AMD

US officials have slowed the issuing of licenses to chipmakers such as Nvidia Corp. and Advanced Micro Devices Inc. for large-scale AI accelerator shipments to the Middle East, according to people familiar with the matter, while officials conduct a national security review of AI development in the region. It’s unclear how long the review will … Read more

SoftBank stock rises on CEO’s plan for $100 billion chip project

SoftBank stock rises on CEO’s plan for 0 billion chip project

Tokyo: SoftBank Group’s stock rose as founder Masayoshi Son considers the creation of a $100 billion chip venture that would supply AI-enabling semiconductors. Shares in the Tokyo-based tech investor gained as much as 3.2% after Bloomberg News reported the 66-year-old billionaire is seeking funding for a foray into AI chips to compete with Nvidia Corp. … Read more