TSMC reported a 44.7% year-on-year revenue increase for July, reaching 467.58 billion Taiwan dollars ($14.5 billion), driven by strong demand for AI-related chips. As a key chip supplier to major tech firms like Nvidia and Google, TSMC's sales are a key indicator of AI semiconductor demand. The company expects over 40% revenue growth for 2026 and has raised its capital expenditure forecast to $60-$64 billion, reflecting confidence in continued chip production growth. This positive outlook helped boost European semiconductor stocks, despite recent market volatility in the sector.
Defiance ETFs filed for a 2X daily bearish fund against Taiwan Semiconductor Manufacturing (TSMC) on August 26, 2026, and launched a long semiconductor foundry fund, Defiance Global Foundries ETF (AIFR), on September 1, 2026. This move allows the fir...
Elon Musk is developing a massive chip manufacturing campus in Grimes County, Texas, touted as a $119 billion project but with only $16.8 billion confirmed for the first phase. The campus will be one of the largest buildings on Earth, supporting Tesl...
