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BUSINESS2d agoEarnings Snapshot: Taiwan Semiconductor Manufacturing tops Q3 estimates, gives Q4 revenue guidance above estimatesTaiwan Semiconductor Manufacturing exceeded third-quarter earnings estimates and provided fourth-quarter revenue guidance that also surpassed expectations. This indicates strong financial performance for the major semiconductor company.Seeking Alpha Tech
BUSINESS2d agoTSMC profits surge amid relentless AI demandWorld’s leading contract chipmaker beats estimates in third quarterFinancial Times
BUSINESS2d agoTaiwan chip giant TSMC says net profit hit record in third quarterTaiwanese chip giant TSMC said on Thursday that net profit soared 68.7% to a record high in the third quarter, buoyed by massive global demand for AI hardware.EuroNews [en]
BUSINESS2d agoTaiwan Semiconductor Manufacturing in charts: Advanced chips drive 79% of Q3 wafer revenueTaiwan Semiconductor Manufacturing (TSMC) reported that advanced chips accounted for 79% of its third-quarter wafer revenue. This highlights the company's reliance on and success in the advanced semiconductor market.Seeking Alpha Tech
BUSINESS2d agoSK hynix ties U.S. NAND factory to approval for more equipment at China fab - reportA report indicates that SK hynix is linking its plans for a U.S. NAND factory to the approval of more equipment for its China manufacturing facility. This highlights potential dependencies and strategic leverage in global semiconductor manufacturing and trade.Seeking Alpha Tech
BUSINESS2d agoTaiwan Semiconductor Manufacturing Company declares NT$7.00 quarterly dividendTaiwan Semiconductor Manufacturing Company (TSMC) has announced a quarterly dividend of NT$7.00 per share. This is a standard financial update for shareholders and investors.Seeking Alpha Tech
BUSINESS2d agoAI job losses set to rein in office demand in developed Asia-Pacific economies: reportA mild displacement of jobs across the Asia-Pacific region as companies expand their use of AI would trim five percentage points off growth in office space demand in the next few years, according to property consultancy CBRE. In a report released on Thursday it said 3.9 per cent of office jobs were vulnerable to artificial intelligence-driven displacement in developed markets in the region, including Hong Kong, Singapore, Japan, South Korea, Taiwan, Australia and New Zealand. However, only 1.7...South China Morning Post
BUSINESS2d agoTSMC posts record profit for a sixth straight quarter, beating estimates on AI boomTSMC reported its third-quarter earnings on Thursday.CNBC
BUSINESS2d agoTaiwan Semiconductor Manufacturing Company GAAP EPADR of $4.60 beats by $0.09, revenue of $46.72B beats by $1.02BTaiwan Semiconductor Manufacturing Company (TSMC) announced earnings per share and revenue that surpassed analyst expectations. This indicates strong financial performance for a major global technology supplier.Seeking Alpha Tech
BUSINESS2d agoJapan August industrial production revised down to -2.4% M/M; core machine orders rise 5.2%Japan's August industrial production was revised downwards, while core machine orders showed an increase. These figures provide an updated overview of key economic activities in the country.Seeking Alpha Tech
BUSINESS2d agoAsia markets in red: South Korea and Japan lead deep tech selloff; Japan industrial output revised downAsian markets are experiencing a decline, led by a deep tech selloff in South Korea and Japan, compounded by a downward revision of industrial output in Japan, signaling economic challenges in the region.Seeking Alpha Tech
BUSINESS2d agoSK Hynix, Samsung fall as market fears higher rates could curb AI expansionSK Hynix and Samsung's stock prices have fallen due to market concerns that higher interest rates might limit the expansion of artificial intelligence. This indicates potential economic challenges for key tech players in the AI sector.Seeking Alpha Tech
BUSINESS2d ago5 Guangdong-registered yachts to sail into Hong Kong as southbound scheme launchesFive Guangdong-registered yachts will sail into Hong Kong waters on Friday when the Southbound Yacht Travel Scheme launches, the city’s marine chief has said, adding that officers will step up patrols. A ceremony marking the scheme’s maiden voyages will also take place. The launch is a key step in the government’s plan to develop Hong Kong’s yacht economy, as outlined in the city’s first five-year plan and the latest policy address. Under the scheme, mainland Chinese vessels can register through...South China Morning Post
BUSINESS2d agoVietnam Set to Sign Free Trade Pact With European Bloc This WeekHanoi also says that a reciprocal trade deal with the United States is nearing completion and should be signed soon.The Diplomat
BUSINESS2d agoMalaysian tycoon goes on Singapore property buying spree to ‘catch up with the rest’Malaysian property tycoon Lee Yeow Seng is making waves as one of the most aggressive buyers of commercial real estate in Singapore, and he is not done yet. His IOI Properties Group is in exclusive talks and due diligence to purchase two property assets – Chijmes, a retail venue inside a former Catholic convent in its civic district, and the nearby Capitol Kempinski hotel, CEO Lee said in an interview. He declined to disclose how much a final agreement will value the two assets at, citing...South China Morning Post
BUSINESS2d agoHow Jardine Matheson’s street-shop sale reflects Hong Kong retail property’s strugglesAmid Hong Kong’s commercial property downturn, British conglomerate Jardine Matheson has sold a street shop in Causeway Bay for HK$80 million (US$10.2 million) after holding it for more than 50 years, accepting a price HK$10 million below its earlier valuation. The property, a ground-floor shop in H&S Building at 36 Leighton Road, with a gross floor area of about 11,727 square feet, was acquired by Uni Investment Development, according to Land Registry records. Jardine Matheson appointed an...South China Morning Post
BUSINESS2d ago‘China shock 3.0’ to be driven by AI, biotech and robot exports, economist saysThe world is on the cusp of a “China shock 3.0” driven by exports of artificial intelligence (AI), biotechnology and robots, which could hit harder than the current wave, a leading economist on China has said. “We are already at the starting point of the China shock 3.0,” Alicia Garcia-Herrero, a senior fellow at Brussels-based think tank Bruegel and chief economist for Asia-Pacific at investment bank Natixis, told the South China Morning Post from Taipei after a virtual panel hosted by the...South China Morning Post
BUSINESS2d agoGlobalFoundries to open 2 new chip plants in New York with $21 billion in financing from JapanComputer chip company GlobalFoundries Inc said Wednesday it plans to open two factories in Malta, New York, financed by an investment of up to $21 billion from Japan.…Japan Today
BUSINESS2d agoCan China’s coal industry ride to the rescue of a world in oil shock?Be warned. The global economy is likely to experience a recession next year. War across the Middle East is set to escalate, wrecking energy supplies for many years, even as the artificial intelligence (AI) bubble is ripe to burst. This, however, would also create an energy leadership opportunity for China. High energy prices already fuel demand for Chinese renewable energy products and electric vehicles. But as a leader in building coal-fired power plants, China can also offer the global market...South China Morning Post
BUSINESS2d agoIndonesia: Bali fuel supply delays spark panic buying and hours-long queuesIndonesia's resort island of Bali faced long queues at petrol stations on Wednesday, 14 October, as disrupted fuel deliveries left motorists waiting for hours.Africanews [en]
BUSINESS2d agoBrewing in Japan: Price-Fixing Probes Test Consumer ConfidenceThe Japan Fair Trade Commission’s secretary general issued an unusual public warning against cartel-like activity amid rising prices.The Diplomat
BUSINESS2d agoJapan to fund $21B deal to expand chip production in New YorkJapan is helping fund a $21 billion deal to build two new chip plants in upstate New York, President Trump announced Wednesday. The country will provide $10 billion to speed up construction of a semiconductor fabrication plant from GlobalFoundries that the company aims to bring online by 2029, while another $10 billion will go toward…The Hill
BUSINESS2d agoGlobalFoundries to operate two new chip factories in New York funded by JapanJapan will finance two new chip plants in New York with 21 billion dollars, to be operated by a US firm. The project will generate 27,000 jobs and produce 900,000 wafers annually, strengthening the US technological industry.Clarín
BUSINESS2d agoGuangzhou-Hong Kong Zero-Carbon Route Opens“The largest inland river intelligent electric container ship in South China set sail on Tuesday from the Nansha Port in Guangzhou, the capital of Guangdong province, heading towards Hong kong International Terminals. The operation of the ship, fully loaded with furniture, daily necessities, and other goods produced in Guangdong, marked the official launch of the […] The post Guangzhou-Hong Kong Zero-Carbon Route Opens appeared first on Human Progress.Human Progress