Business

Taiwan chip giant TSMC's profits surge on AI demand

Taiwanese semiconductor giant TSMC announced Thursday a nearly 9 percent increase in net profits in the first quarter of 2024, buoyed by global demand for its microchips used to power everything from mobile phones to AI technology.

Machine learning & AI

South Korea to invest $7 billion in AI by 2027

South Korea will invest almost $7 billion in artificial intelligence by 2027 in an effort to become a global leader in cutting-edge semiconductors, President Yoon Suk Yeol said Tuesday.

Business

Biden lands another big Taiwan chip investment

The Taiwan chip giant TSMC has agreed to build a third semiconductor factory in Arizona, raising its total investment in the United States to $65 billion, US officials said Monday.

Business

Taiwan's TSMC reports profit drop in third quarter

Taiwan's TSMC on Thursday said profit fell by a quarter in the third-quarter, but said demand was picking up for its advanced semiconductors needed for cutting-edge AI applications.

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