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Taiwan Semiconductor Manufacturing Co (TSMC) (TW:2330) on Thursday posted a sharp jump in March revenues, driven by robust demand for advanced chips and AI-related applications.
Revenue for March came in at NT$285.96 billion ($8.71 billion), a 46.5% jump from NT$195.21 billion ($5.94 billion) in the previous year. March revenues were also up 10% from February,
For the first quarter ended March, revenue totaled NT$839.25 billion, a 41.6% increase compared to the same period in 2024, according t
China has raised its import tariffs on U.S. goods to 125% in retaliation to a recent hike in levies imposed by President Donald Trump, according to Bloomberg News.
Chinese carrier Juneyao Airlines is refusing to take delivery of a Boeing 787-9, which it is expected to acquire. This decision is being made due to ongoing political tensions.
The Trump administration is drafting an executive order to enable the stockpiling of deep-sea metals to counter China’s dominance in battery minerals and rare earth supply chains, the Financial Times reported on Saturday, citing people familiar with the matter.
Under the plans, the stockpile would "create large quantities ready and available on U.S. territory to be used in the future", in case of a conflict with China that might constrain imports of metals and rare earths, the report added.