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AI boom delivers record net profit for Taiwan's TSMC
AI boom delivers record net profit for Taiwan's TSMC
Economy
by  AFP

Taiwanese tech titan TSMC reported Thursday a forecast-busting record net profit for the third quarter on skyrocketing demand for microchips used to power iPhones and artificial intelligence. TSMC said net profit for the three months to September soared 39.1 percent from a year ago to NT$452.3 billion (US$14.7 billion).

Asia stocks rise as traders weigh China-US row, rate cut hopes
Asia stocks rise as traders weigh China-US row, rate cut hopes
Economy
by  AFP

Asian equities edged up Thursday as investors weighed the latest volleys in the China-US trade war and expectations that the Federal Reserve will continue cutting interest rates this year. Bets on US rate cuts, a weaker dollar and worries about the latest China-US flare-up, have helped push gold to daily records and on Thursday it hit a peak of $4,234.70.