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The Taiwan Semiconductor Manufacturing Company logo is visible in the background next to the printed circuit board. Sopa Images | Light Rocket | Getty ImagesTaiwan Semiconductor Manufacturing Co., Ltd.. On Friday, it posted another record quarterly profit, driven by demand for AI chips.The world’s largest chipmaker reported sales of NT$1.13 trillion ($35.6 billion) from January to March, higher than analysts’ expectations of NT$1.12 trillion, according to estimates compiled by LSEG. This represents a 35% increase over the previous year.In March alone, TSMC reported a 45.2% year-on-year increase in sales to NT$415.2 billion. The semiconductor giant is benefiting from sustained demand…
The lives of millions of people across the Middle East and the fate of the global economy depend on the outcome of the make-or-break negotiations between the United States and Iran in Pakistan this weekend. Tight security was declared for the arrival of US and Iranian delegations for the first talks since the start of the war, and the streets of the capital Islamabad were empty during the sudden two-day holiday. A fragile two-week ceasefire that paved the way for talks has so far remained in place. But talks could still derail due to Israel’s heavy and deadly shelling of…
After 25 years in higher education and working with thousands of students on their college success and career outcomes, I have come to a conclusion that surprises many families. That means we’re asking the wrong questions about college.Young people are told to focus on choosing the “right” major (usually the one that leads to the highest starting salary). This is the benchmark that many people strive for, and it is also the one that I see students stress the most about.But real careers don’t play out that way. Over the years, I have seen students from vastly different majors reach…
Chinese leader Xi Jinping reiterated Beijing’s opposition to the autonomous island’s independence on Friday in a landmark meeting with Taiwanese rebel leaders, citing the ongoing global conflict and the need for peace. Taiwan Kuomintang (KMT) leader Cheng Liyun’s visit to Beijing is the first such meeting in a decade and comes weeks before US President Donald Trump is scheduled to travel to China for talks with President Xi, with Taiwan expected to be high on the agenda. “Today’s world is far from peace, and peace is increasingly precious,” Xi said at the Great Hall of the People in Beijing. The…
Meghan Trainor and Daryl Sabara welcome baby number 3 via surrogateMeghan Trainor is committed to protecting her baby girl. The “All About That Bass” singer recently opened up about her journey into motherhood, revealing that she and husband Daryl Sabara welcomed their third child, Mikey Moon, as a surrogate mother in January. Meghan admitted she was worried about the backlash she would receive for using a surrogate, a fear that was exacerbated by the amount of criticism she experienced over her 60-pound weight loss. “I didn’t see[the comments],” she said on the April 9 episode of Kylie Kelsey’s podcast, “Not…
The U.S. Department of Justice has launched an investigation into the NFL over possible anticompetitive tactics, a government official told CNBC. The investigation stems from questions about “affordability for consumers and creating a level playing field for providers,” officials said. The government’s investigation comes as the NFL considers renegotiating its media rights deals with broadcast networks ahead of its previous plans, CNBC previously reported. The league is also reportedly considering a larger game package with the streaming giant Netflix. In a statement to CNBC, the league called its media distribution model “the most fan- and broadcaster-friendly in the entire sports…
Swifties no longer have to settle for paper rings. Taylor Swift”jeweler Kindred Lubeck is launching a new limited edition collection of engagement rings, wedding rings and other bridal jewelry under a new line called Artifex Bridal by Kindred Lubeck. Starting April 10th, people can try their luck at buying one of just 25 rings for their loved ones. Kindred wants to remake the ring every quarter. But Taylor’s particular band will always remain unique. “We’re not interested in replicating them exactly,” Kindred said. fashion He said this in an interview published on April 9th. “You’ll never meet another person with…
Former world heavyweight boxing champion Tyson Fury has vowed to focus on the task at hand in his recent return to the ring, saying he is “still figuring it out”.After a 15-month absence, 37-year-old Fury (34-2-1, 24 KOs) will take on Russian-born heavyweight Arslanbek Makhmudov (21-2, 19 KOs), 36, on Saturday at the Tottenham Hotspur Stadium.Recommended stories list of 4 itemsend of listBoth fighters spoke at a pre-fight press conference in London on Thursday, hours after Croke Park’s chief executive announced the 80,000-capacity Dublin venue wanted to host the much-anticipated Battle of Britain superfight between Fury and fellow former world…
Lumentum Holdings Inc.’s stock price is likely to rise as the company’s optical networking and related components for next-generation artificial intelligence solutions boost sales more than previously expected, JPMorgan said. The investment bank reiterated its rating on Lumentum as overweight and raised its 12-month price target to $950 from $565, implying a 6% upside from Wednesday’s closing price. “We expect the exceptional pace of earnings growth to continue on the back of increased scale-up networks,” JPMorgan analyst Samik Chatterjee said in a note to clients on Thursday. “We are raising our expectations for Lumentum following investor presentations and meetings both…
The Trump administration is increasingly on a collision course with the European Union over fines against big technology companies.google, apple and Meta The European Union is contesting fines imposed by the EU since early 2024 for violations of internal antitrust and competition laws totaling more than 6 billion euros ($7 billion).These have become increasingly at issue as both companies and the White House argue that the fines reflect the EU’s hostility to innovation, while the EU told CNBC that its tough stance is to force companies to make decisions that benefit consumers.Six fines have been issued since 2024.March 2024: Apple…