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Producer prices in Germany fell 1.3% in June compared to the same month of the previous year, the country's statistical office Destatis said in its report on Friday. On a monthly basis, the figure was up by 0.1%.
Lower energy prices were the biggest contributor to the decline in producer prices in the reported month, retreating 6.4% compared to June 2024, while prices of intermediate goods dropped by 0.4%.
The United States House of Representatives has passed US President Donald Trump's spending-cut bill, which will cut $9 billion in spending that has already been approved, sending it to the president to be signed into law.
The bill was passed with a vote of 216-213. The cuts are mainly aimed at public media and foreign aid, cutting $1.1 billion from the Corporation for Public Broadcasting and $8 billion from foreign aid, including the US Agency for International Development (USAID).
aiwan Semiconductor Manufacturing Company Limited (TSMC) announced on Thursday that its net income for the second quarter of fiscal 2025 rose 60.7% to 398 billion New Taiwan dollars ($12.8 billion).
In the quarter to June 30, the world's largest contract chipmaker reported that its revenue rose 38.6% year-over-year to $30 billion, while its diluted earnings per share increased to $0.49, a 60.7% rise compared to the same period last year.
The report shows that shipments of 3-nanometer chips made up 24% of total wafer revenue, 5-nanometer chips accounted for 36%, and 7-nanometer chips comprised 14%. Advanced technologies, defined as 7-nanometer and more advanced nodes, contributed to 74% of the total wafer revenue.