Adnan Rasheed
TAIPEI, Taiwan — Taiwan Semiconductor Manufacturing Co. (TSMC) reported a nearly 40% jump in net profit for the July September quarter, propelled by the surging global demand for artificial intelligence chips and resilient semiconductor sales to major clients including Apple and Nvidia. The company, the world’s largest contract chipmaker, posted a record net profit of … Read more
BEIJING — China’s state media on Thursday published a seven point rebuttal to US criticism over its new rare earth export controls, pushing back against accusations that the measures amount to an economic power play. The exchange marks the latest flashpoint in a widening dispute between Washington and Beijing over critical minerals and trade policy, … Read more
A major YouTube outage disrupted video streaming for millions of users on Wednesday afternoon across the United States and Europe, leaving viewers unable to play content on the world’s largest video-sharing platform. Users attempting to watch videos on desktop browsers encountered the message “An error occurred. Please try again later,” while those using mobile apps … Read more
A US military jet carrying Defense Secretary Pete Hegseth made an emergency landing in the United Kingdom after a crack was detected in the aircraft’s cockpit windshield during its return flight to Washington from Brussels, the Pentagon said Wednesday. Officials said the aircraft diverted as a safety precaution, emphasizing that all passengers and crew members … Read more
NEW YORK & DALLAS ~ A consortium including BlackRock, Nvidia, Microsoft, and xAI announced Wednesday that it will acquire Aligned Data Centers from Macquarie Asset Management in a deal valued at $40 billion. The acquisition marks the first investment by the newly formed Artificial Intelligence Infrastructure Partnership, or AIP, as demand for AI data centers … Read more
Global markets today climbed on Wednesday as investors reacted to dovish remarks from US Federal Reserve Chair Jerome Powell and strong quarterly results from major Wall Street banks. The US dollar weakened while European and Asian equities rebounded after a turbulent start to the week driven by escalating US China trade tensions. Market optimism returned … Read more
TAIPEI — Taiwan’s Foxconn said Wednesday it expects little immediate disruption from China’s newly expanded rare earth export restrictions, though company officials warned that prolonged trade tensions could eventually affect global industries. “If the ongoing restrictions continue to escalate tensions, it will impact industries across the board, not just Foxconn,” Chairman Young Liu told reporters … Read more
NEW YORK — The PlayStation Network (PSN) experienced widespread outages across the United States on Tuesday, leaving thousands of users unable to log in, access multiplayer features, or launch digital games. According to DownDetector, a website that tracks online service interruptions, the outage reports surged shortly after 6 pm Eastern Time, affecting players coast to … Read more
NEW YORK — Wall Street closed mixed Friday as banking stocks rallied on stronger than expected earnings, even as rising US China trade tensions and new port fees rattled global markets. The S&P 500 dipped modestly, the Nasdaq slid, but gains in industrials and financials propped up the Dow. Investors remain cautious of the evolving … Read more
Apple Chief Executive Tim Cook’s latest trip to China this week became a centerpiece for the company’s regional marketing efforts, aligning with the long awaited debut of the iPhone Air. His visit came just as China’s top three telecommunications providers China Mobile, China Unicom and China Telecom secured government approval to begin commercial trials for … Read more
