Taiwanese shares saw their worst-ever selling streak by foreign investors as heavyweight Taiwan Semiconductor Manufacturing Co. fell out of favor. Global funds reduced holdings for the past 12 sessions, shedding a net NT$391 billion ($11.9 billion) worth of Taiwanese stocks through Wednesday, according to exchange data compiled by Bloomberg. TSMC, which accounts for more than […]
Lip-Bu Tan’s ‘New Intel’ is the last throw of the dice: Dave Lee – CNBC TV18
After a search for a new chief executive officer that lasted more than three months, Intel Corp. has decided Lip-Bu Tan is the best choice to salvage the company’s future. He’ll take up the most difficult job in the chip business, Bloomberg News reported on Wednesday evening. In a letter, Tan told his new subordinates […]
Trump, TSMC CEO to discuss $100 billion semiconductor investment in the US – CNBC TV18
President Donald Trump is due to announce Monday that chip giant Taiwan Semiconductor Manufacturing Co. plans to invest $100 billion in the United States, according to a person familiar with the plans who was not authorised to speak publicly. TSMC, the world’s biggest semiconductor manufacturer, produces chips for companies including Apple, Intel and Nvidia. The […]
TSMC shares touch record high, eying best year since 1999 on AI – CNBC TV18
Taiwan Semiconductor Manufacturing Co. shares touched a record high, as the world’s largest contract chipmaker is poised to cap its best annual stock performance in 25 years. Company Value Change %Change The stock climbed as much as 1.4% in Taipei on Tuesday, briefly surpassing its November 8 peak, after gains in US chip stocks including […]
Jeff Bezos backs AI chipmaker vying with Nvidia at $2.6 billion value – CNBC TV18
Amazon.com Inc. founder Jeff Bezos joined Samsung in a $700 million bet on Tenstorrent, valuing the AI chip startup with ambitions of taking on Nvidia Corp. at about $2.6 billion. Tenstorrent, which hopes to create a chip to try and break Nvidia’s stranglehold on the AI business, raised capital in a funding round led by […]