TSMC profit surges 61% to record high fueled by AI chip demand

A motorcycle is seen near a building of the Taiwan Semiconductor Manufacturing Company (TSMC), which is a Taiwanese multinational semiconductor contract manufacturing and design company, in Hsinchu, Taiwan, on April 16, 2025. Daniel Ceng | Anadolu | Getty Images Taiwan Semiconductor Manufacturing Company on Thursday reported a near 61% year-on-year rise in second-quarter profit, hitting…

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Live updates: Trump says 'don't rush me' on Iran

When President Trump was asked about the Iran deadline on Thursday, he told reporters, “Don’t rush me.” Trump extended the ceasefire indefinitely this week as it was set to expire. There is no indication whether peace talks will take place. Trump issued a warning to small Iranian vessels in the Strait of Hormuz on Thursday…

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