Business News
Monday, the biggest contract chipmaker in the world, TSMC, announced record-high second-quarter revenue, up 36% year over year, driven by soaring demand for AI products. Revenue in the April-June period of this year reached T$1.27 trillion, equivalent to $39.62 billion,
The Oregon attorney general’s office stated on Friday, it withdrew its court motion aimed at delaying Paramount’s proposed $110 billion acquisition of Warner Bros. “Paramount made it clear that they weren’t going to comply with the investigative demand, and that
UniCredit gains 48% share in Commerzbank
UniCredit announced on Wednesday that it has acquired 47.6 per cent of the shares of Commerzbank, positioning the Italian bank just shy of gaining control of the German lender it has been pursuing since 2024. UniCredit chief executive officer Andrea
The US government is currently engaged in advanced discussions with AI companies to establish voluntary standards for the release of new models. An announcement could be forthcoming as early as next week, according to sources. Washington has intensified scrutiny of
Trump Accounts receives $250 million from Micron
President Donald Trump praised Micron Technologies, led by Sanjay Mehrotra, for announcing a $250 million investment in the Trump Accounts program, a long-term savings plan for kids. Mehrotra, the CEO of Micron, stated that as part of this initiative, the
Comcast will spin off NBCUniversal and Sky
Comcast intends to separate into two distinct publicly traded entities by divesting NBCUniversal and Sky. The company stated on Monday that its board and management team believe that each entity will be more effectively positioned to pursue its own strategic
Ford Motor has rehired, hired, or promoted approximately 350 seasoned engineers over the last three years following the underperformance of artificial intelligence in achieving the anticipated quality enhancements, as indicated by a report. The engineers, a significant number of whom
Apple is seeking approval from the Trump administration to acquire memory chips from ChangXin Memory Technologies, a Chinese firm that has been placed on a blacklist by the Pentagon, according to a report. The iPhone maker has engaged in discussions
Apple intends to increase prices on its products in response to rising costs associated with memory and storage chips, as stated by CEO Tim Cook in an interview. A surge in AI-driven demand for data centers has compelled consumer electronics
Global demand for electric vehicles saw an uptick for the third straight month in May, driven by ongoing incentives and high petrol prices that continue to encourage the transition from combustion-engine vehicles, as reported by consultancy Benchmark Mineral Intelligence on