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Taiwan's TSMC second-quarter net profit jumps on Gen AI demand
Taiwan's TSMC second-quarter net profit jumps on Gen AI demand
by  AFP

Taiwan chip giant TSMC said Thursday net profit jumped by more than a third in the second quarter of 2024, buoyed by global demand for generative artificial intelligence products. "Moving into third quarter 2024, we expect our business to be supported by strong smartphone and AI-related demand for our leading-edge process technologies."

'I feel empty': Cambodians on canal route await fate
'I feel empty': Cambodians on canal route await fate
by  AFP

Food stand owner Dem Mech wells up as he sits in the yard of the home he will lose if Cambodia proceeds with a massive new canal running from the Mekong river to the sea. The waterway will run 180 kilometres (110 miles) from the Mekong to the Gulf of Thailand, travelling part of the way along the Bassac river.

Asian markets drop with Wall St as Biden sparks fresh chip fears
Asian markets drop with Wall St as Biden sparks fresh chip fears
by  AFP

Asian markets sank with Wall Street on Thursday after a warning from the White House that it would target firms supplying China with key semiconductor technology, and Donald Trump's comments on crucial chip supplier Taiwan. Meanwhile, Trump's comments that Taiwan -- home of the key chip-maker TSMC and other major producers -- should pay the US for its defence caused some geopolitical unease.

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