TSMC Reports Record Quarterly Profit as AI Infrastructure Spurs Chip Demand TSMC posts record quarterly profit, up 77.4% year-on-year, as global AI infrastructure investment boosts chip demand amid investor concern …
Surge
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Business
China’s Big Three Airlines Forecast Deeper H1 Losses as Fuel Prices Surge
by Sato Asahiby Sato AsahiChina’s big three airlines brace for deeper H1 losses as fuel costs soar China’s big three airlines—China Southern, Air China and China Eastern—expect deeper H1 losses as soaring jet fuel …
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Business
India textile exports surge as UK and EU trade deals remove tariffs
by Sato Asahiby Sato AsahiIndia textile exports rebound as UK and EU trade deals lift orders India textile exports gain momentum after the U.K. and EU trade agreements removed duties of up to 12%, …
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Business
Huawei plans 20% smartphone shipment surge with Malaysia launch boosting overseas presence
by Sato Asahiby Sato AsahiHuawei smartphone shipments to rise toward 60 million as company presses overseas expansion Huawei aims to raise smartphone shipments to nearly 60 million this year, pushing overseas growth after a …
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Politics
Bank of Japan independence cited in government policy amid surge in bond yields
by Sui Yuitoby Sui YuitoGovernment to explicitly cite Bank of Japan independence in July policy package Japan will note Bank of Japan independence in its July policy package as markets fear government pressure, pushing …
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Business
Japanese anime production costs surge over 50% as streamers spend more
by Sato Asahiby Sato AsahiAnime production costs surge more than 50% as global demand drives streaming wars Japanese anime production costs have risen by more than 50% in recent years, straining studios as global …
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Business
Samsung Electronics posts 19-fold Q2 profit surge as AI drives memory chip shortage
by Sato Asahiby Sato AsahiSamsung Electronics profit surge as Q2 operating profit jumps amid AI-driven memory demand Samsung Electronics profit surge: Q2 operating profit at 89.4 trillion won as AI-driven memory demand spurs fab …
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Business
Samsung Electronics posts Q2 profit surge up 19-fold to 89.4 trillion won
by Sato Asahiby Sato AsahiSamsung Q2 profit surge: Operating profit jumps 19-fold to 89.4 trillion won on AI-driven memory demand Samsung Q2 profit surge: Samsung Electronics reported a 19-fold jump in operating profit to …
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Business
Yen surge into 160 per dollar prompts warnings of Japan intervention
by Sato Asahiby Sato AsahiYen surge pushes dollar below 160 as traders unwind positions amid intervention fears Yen surge into the 160-per-dollar area prompts market unwinding and speculation of Japanese intervention, with regional coordination …
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Business
South Korean exports surpass $100 billion in June as semiconductor shipments surge
by Sato Asahiby Sato AsahiSouth Korea exports top $100 billion in June as semiconductor shipments reach record highs South Korea exports exceeded $100 billion in June for the first time, driven by record semiconductor …