TSMC posts fastest monthly revenue growth since 2022 on AI chip boom

TSMC displayed on a phone screen and microchip and are seen in this illustration photo taken in Krakow, Poland on July 19, 2023 Jakub Porzycki | Nurphoto | Getty Images Taiwan Semiconductor Manufacturing Co. (TMSC), posted a surge in monthly revenue in March, as it cashed in on a continuing artificial intelligence boom powered by … Read more

TSMC set to receive up to $6.6 billion in funding for Arizona plants

U.S. Secretary of Commerce Gina Raimondo testifies during the House Science, Space and Technology Committee hearing titled “Chips on the Table: A one year review of the CHIPS and Science Act,” in the Rayburn Building in Washington, D.C., on Sept. 19, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images TSMC‘s Arizona subsidiary is … Read more

SK Hynix plans to invest $3.87 billion in U.S. chip facility

SK Hynix logo displayed on a phone screen as seen in this illustration photo taken in Krakow, Poland on January 30, 2023. Jakub Porzycki | Nurphoto | Getty Images SK Hynix, one of the world’s largest memory chipmakers, said it would invest $3.87 billion in its first chip packaging facility in the U.S., marking another … Read more

TSMC’s evacuated workers return to some factories after Taiwan’s strongest earthquake in 25 years

An aerial view shows workers taking down a collapsed building in eastern Taiwan’s Hualien county following an earthquake/ Sam Yeh | Afp | Getty Images Taiwan Semiconductor Manufacturing Co said all its workers were safe and those who were evacuated have started returning to some factory lines after a major earthquake hit Taiwan early Wednesday. The island was … Read more

No force can stop the pace of China’s tech advance

THE HAGUE, NETHERLANDS – MARCH 23:Dutch Prime Minister Mark Rutte meets with the President of the People’s Republic of China Xi Jinping at the Catshuis March 23, 2014 in The Hague, Netherlands. (Photo by Valerie Kuypers-Pool/Getty Images Valerie Kuypers-Pool | Getty Images News | Getty Images China’s technological progress cannot be stopped, Chinese President Xi … Read more

Intel awarded up to $8.5 billion from CHIPS Act, with loans available

U.S. President Joe Biden listens to Intel CEO Pat Gelsinger as he attends the groundbreaking of the new Intel semiconductor manufacturing facility in New Albany, Ohio, U.S., September 9, 2022. Joshua Roberts | Reuters The White House said Intel has been awarded up to $8.5 billion in CHIPS Act funding, as the Biden administration ramps … Read more

Nvidia announces GB200 Blackwell AI chip, launching later this year

Nvidia CEO Jensen Huang delivers a keynote address during the Nvidia GTC Artificial Intelligence Conference at SAP Center on March 18, 2024 in San Jose, California.  Justin Sullivan | Getty Images Nvidia on Monday announced a new generation of artificial intelligence chips and software for running artificial intelligence models. The announcement, made during Nvidia’s developer’s … Read more

Disney gets a win in Nelson Peltz board fight. 2 other portfolio stocks mount comebacks

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Markets bounce : Stocks kicked off … Read more

JPMorgan says Asia’s tech sector is a bright spot amid global uncertainty

JP Morgan headquarters at Canary Wharf financial district on 15th August 2023 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images SINGAPORE – Asia-Pacific’s tech sector has been growing on the back of the semiconductor boom even as other industries struggle amid global macro uncertainty, according to investment bank JPMorgan. “Tech has … Read more

Climate change could push chip prices higher. Here’s how

Close-up gloved hands holding detail microchip Wong Yu Liang | Moment | Getty Images Semiconductor firms such as Taiwan Semiconductor Manufacturing Company are at risk of water shortages as processing technology advances, S&P Global Ratings said in a report. Semiconductor chips are found in everyday consumer devices from smartphones to TVs. TSMC is the world’s … Read more