Taiwan-based TSMC, the world’s largest computer chip maker, plans to increase its capital spending by about 40% this year after it reported a 35% jump in its net profit for the latest quarter thanks to the boom in artificial intelligence, the company said Thursday. Taiwan Semiconductor Manufacturing Corp., a major supplier to companies including Nvidia and Apple, reported a net profit of 506 billion new Taiwan dollars ($16 billion) for the October-December quarter, a 35% surge from a year earlier, better than analysts’ estimates. TSMC said Thursday that its revenue in the last quarter increased 21% from a year earlier to more than 1.046 trillion new Taiwan dollars ($33 billion).
Taiwan Semiconductor Manufacturing beat expectations for its fourth-quarter earnings on Thursday. TSMC reported a net profit of $505.74 billion New Taiwan dollars ($16.02 billion), up 35% from the same period a year earlier. TSMC said that in U.S. dollar terms, fourth-quarter revenue came to $33.73 billion, up 26% from a year earlier.
Taiwanese chipmaking titan TSMC announced Thursday a forecast-busting net profit for the fourth quarter in a sign of sustained global demand for artificial intelligence technology.Net revenue for the fourth quarter rose 20.5 percent from a year ago to NT$1.05 trillion, TSMC said, also beating expectations.
The UK economy returned to growth in November, despite uncertainty in the run up to chancellor Rachel Reeves delivering the autumn budget.
Another quarter of record earnings puts the world’s largest contract chip maker in a strong position to increase capacity to meet unrelenting demand.
First-time buyers who negotiated on the asking price saved an average of £22,900, according to a TSB poll.
The national average asking rent outside London was £1,370 in the fourth quarter, slightly lower than the previous three months, according to Rightmove.
The world's largest contract chipmaker posted a 35% jump in fourth-quarter net profit on Thursday
Another mixed year is behind Apple. The tech giant reported a record-breaking $416 billion in revenue for fiscal 2025, up from $383 billion in 2024. While revenues rose, Apple’s stock performance was less impressive, gaining only around 9% amid scrutiny over delayed AI features. Despite ...
Both companies are riding the AI wave, but one stock offers a better mix of growth momentum and valuation today.
FEATURE S&P 493. A wave of selling in technology stocks overshadowed an otherwise decent day on Wall Street. The Nasdaq Composite dropped 1%. The S&P 500 fell 0.5%. The Dow Jones Industrial Average fell 42 points, or 0.
TSMC, the world's main producer of advanced AI chips, on Thursday posted a forecast-smashing 35% jump in fourth-quarter profit to record levels, predicted robust growth this year and flagged more U.S. manufacturing capacity was in the works. Riding high on what it calls the "AI mega trend", TSMC said its customers were "providing strong signals" and reaching out directly to request capacity. Additional land had been purchased in Arizona, TSMC Chief Executive C.C. Wei told a news briefing, saying that provided a hint to its U.S. plans but did not elaborate.
OpenAI (OPAI.PVT) is reportedly taking early steps to go public, according to the New York Times, setting up 2026 to be the "Year of the Mega IPO." While co-founder and CEO Sam Altman is "zero percent" interested in leading a public company, he stated that OpenAI needed to continue raising more funds. Yahoo Finance Tech and Markets Reporter Laura Bratton comes on Market Domination Overtime to discuss OpenAI's spending forecasts, going into detail how Apple's (AAPL) partnership with Alphabet's Google Gemini 3 (GOOG, GOOGL) is a major loss for OpenAI. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime.
Elon Musk, CEO of Tesla, Inc. (NASDAQ:TSLA) and xAI, voiced criticism of the AI partnership between Apple, Inc. (NASDAQ:AAPL) and Alphabet, Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) announced on Monday. In a post on X replying to the News from Google account, Musk questioned the partnership as possibly allowing Google too much "power," considering it owns the Android operating system and Chrome browser. "This seems like an unreasonable concentration of power for Google, given that the[y] also have Andro
Intel stock notched more gains on Wednesday. The chip company’s shares are on the brink of levels not seen for several years as investors bet President Donald Trump’s support for the company will boost its chip-manufacturing ambitions. Intel stock closed up 3%, to $48.73, the highest since Jan. 25, 2024, according to Dow Jones Market Data.
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A rotation away from large technology stocks dragged down the major indexes on Wednesday. The Nasdaq Composite fell 1%. The S&P 500 dropped 0.6%. The Dow Jones Industrial Average fell 66 points, or 0.
Intel (INTC) faces an "upward bias" for Q4 results thanks to strong PC and server demand, along with
A rotation away from Big Tech and into smaller stocks was a big drag on the Nasdaq Composite on Wednesday. The tech-heavy index fell 1.2%, while the S&P 500 was down 0.7%. The Dow was down just 100 points, or 0.2%.
The security is trading near a historically bullish trendline