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Taiwan Semiconductor Manufacturing Co. (TSMC) has firmly denied rumors of establishing a manufacturing facility in the UAE, with CEO C. C. Wei stating, “we won’t.” This decision aligns with TSMC's strategic focus on mitigating geopolitical risks while capitalizing on the booming demand for AI chips, which is expected to drive significant revenue growth in the coming years. The company's resilient foundry model continues to thrive amid supply chain challenges, reinforcing its dominant position in the global semiconductor market.
TSMC's CEO, C.C. Wei, reported strong demand for AI chips despite U.S. tariffs, which primarily affect importers rather than the company itself. The semiconductor industry is experiencing unprecedented growth driven by AI, with high-performance computing chip demand expected to triple in 2024. TSMC is also diversifying its manufacturing locations globally to mitigate geopolitical risks while maintaining its technological edge.
BitoPro, a Taiwan-based cryptocurrency exchange, experienced a significant security breach on May 8, resulting in over $11.5 million being drained from its hot wallets. The outflows, which involved transactions on Ethereum, Tron, Solana, and Polygon, were directed to decentralized exchanges where the assets were subsequently sold. Despite the scale of the incident, the exchange has not publicly acknowledged the breach on its social media platforms weeks later.
[Source]
Concerns over proposed 32% US tariffs on Taiwanese exports overshadowed the Computex Taipei tech expo, prompting unease among exhibitors like Acer and Kye Systems. While larger firms expand US production, smaller companies struggle with uncertainty, leading to strategies like front-loading orders and rerouting supply chains to mitigate impacts. Taiwan's semiconductor dominance complicates its vulnerability, as it remains crucial in the global tech supply chain despite tariff threats.
[Bloomberg]
[Bloomberg]
Foxconn Technology Group anticipates significant revenue growth in its AI and electric vehicle (EV) sectors by 2028, driven by rising demand for AI applications and strategic partnerships, including one with Mitsubishi Motors. The company employs a modular manufacturing approach to reduce costs and development time, aiming for substantial market share in the EV industry. Despite geopolitical challenges, Foxconn's diversified operations and contract manufacturing model provide resilience, as evidenced by a 91% profit increase in Q1 2025, largely from its AI server business.
Foxconn is set to announce a partnership with a second Japanese automaker, following a recent agreement with Mitsubishi Motors to supply a new electric vehicle model. This move aligns with Foxconn's strategy to leverage its electronics manufacturing expertise in the growing EV market, aiming to embed its technology in 5% of global electric vehicles by 2025. The collaboration offers mutual benefits, enhancing manufacturing efficiency for Japanese automakers while providing Foxconn with automotive credibility and technical knowledge.
Insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA at $116.80, totaling $525,600, reducing his position by 0.93%. In the last ninety days, insiders have sold 147,147 shares valued at $17.1 million. Analysts maintain a "Moderate Buy" rating for NVIDIA, with a consensus price target of $165.86. BNP Paribas increased its stake in NVIDIA by 1.4%, holding 947,028 shares worth $127.9 million. The stock opened at $131.29, with a market cap of $3.21 trillion and a P/E ratio of 51.67.
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TSMC dismisses rumors of UAE manufacturing facility amid geopolitical considerations
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