19 stories
TSMC said it is accelerating its Arizona factory buildout to capitalize on the AI 'megatrend,' citing robust customer demand. Chief Financial Officer Wendell Huang made the comments in an exclusive interview with CNBC.
The Dow Jones Industrial Average fell 406.55 points, or 0.77 percent, to close at 52,146.42. Selling pressure in chipmaker stocks broadened into a wider market decline, dragging both the day and the week lower.
As the US earnings season accelerates, investor attention is turning to results from Alphabet and Intel that could set the tone for the broader AI trade. The reports follow weeks of volatility in chip stocks and come as Wall Street weighs how much further AI-linked spending can run.
AI-linked investment continues to support Singapore's economy, though second-quarter growth eased. It was a torrid week for global chipmakers, with share prices falling sharply as AI-related investment cooled.
Civilian drones that once frequently flew above Shanghai's Huangpu River have now been heavily restricted in the area. The clampdown reflects a nationwide tightening of rules on civilian drone use across China.
India's first space-tech unicorn, Skyroot Aerospace, successfully launched its Vikram-1 rocket on Saturday. The launch marks a major milestone for a private venture aiming to transform India's space ambitions.
Chinese AI firm DeepSeek is raising fresh capital at a $74 billion valuation ahead of a planned onshore initial public offering, sources say. The round would cement DeepSeek's position among the most valuable AI companies as competition with US rivals intensifies.
Global stocks closed the week lower as a sharp sell-off in semiconductor shares weighed on markets. Oil prices, meanwhile, headed for a weekly gain as hostilities in the Gulf intensified.
Malaysia's economy grew an unexpected 5.8%, driven by domestic demand and semiconductor exports, making it one of Southeast Asia's fastest-growing economies. The figure beat analysts' forecasts.
Nvidia and other major technology stocks tumbled after Chinese startup Moonshot AI unveiled Kimi K3, a new open-weight model it claims can rival OpenAI and Anthropic. Investors are increasingly concerned that cheaper Chinese open models could erode the competitive edge of leading US AI firms.
SpaceX shares fell about 4% in premarket trading Friday after the company postponed a major Starship test launch, its first since the firm's blockbuster initial public offering in June. The stock closed below its IPO price for a second straight day.
China condemned new US legislative efforts to restrict its access to advanced semiconductor chips and chipmaking equipment, warning the measures would cause "arbitrary disruption and damage" to global supply chains. The warning follows reports that three export-control bills targeting China could be folded into the annual US defense policy bill. The dispute adds to ongoing US-China tension over technology.
Alphabet shares dropped after reports that its most powerful AI model, Gemini 3.5 Pro, faces a delayed rollout to the broader public. The company had announced the model in May, saying it was already in internal use but was not yet ready for wider release. The delay fueled concerns Google is falling behind in the AI race.
Netflix shares fell in after-hours trading after the streaming giant's third-quarter earnings forecast missed Wall Street expectations. The company also said it would reduce the frequency of its "What We Watched" viewership reports, limiting investor visibility into engagement trends. The forecast miss weighed on peers across the streaming sector.
The European Union has ordered Google to share its search engine data with rival companies and open the Android operating system to artificial intelligence competitors. The ruling deepens the EU's enforcement of the Digital Markets Act against major technology firms.
Taiwan Semiconductor Manufacturing Company has announced a further $100 billion investment to expand its US production capacity. The pledge builds on the chipmaker's existing commitment to its Arizona facilities and aligns with Washington's push to boost domestic chip manufacturing.
The world's largest contract chipmaker, TSMC, reported second-quarter profit up more than 77%, beating market estimates. The results signal continued strong demand for high-end AI-related semiconductors.
Australia's share market is set to open higher even as SpaceX shares wipe out more than $1 trillion in market value. The local market's move appears largely decoupled from the volatility hitting global technology stocks.
A group of Meta employees has sued the company, alleging that artificial intelligence systems selected them for layoffs. Many of the plaintiffs had taken pregnancy or parental leave, during which their measured output was reduced.