TSMC Dominates AI Chip Market

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Taiwan Semiconductor Manufacturing

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largest chipmaker

Reuters

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Morning Bid: TSMC steadies chip ship, ECB set to ease

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Taiwan Semiconductor Manufacturing said on Thursday it expects sustained growth as it reported a forecast-beating 54% jump in profits and soaring demand for chips used in AI .

TSMC is spending billions of dollars building new factories overseas, including $65 billion on three plants in the U.S. state of Arizona .

China 's markets underperformed once again and the offshore yuan touched its weakest level in almost two months as a lack of fresh stimulus from a closely-watched housing policy briefing left some investors disappointed.

Netflix is set to report about 4 million new subscribers - its lowest addition in six quarters following a boom on its password-sharing crackdown.

European Commission President Ursula von der Leyen and European Council President Charles Michel holds a press conference after European Union summit

U.S. President Joe Biden visits Germany ([email protected]; Editing by Christina Fincher ).

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