TSMC net profit hits record high as fourth-quarter results top expectations on robust AI chip demand

• TSMC cuts profitability target as cost of diversifying supply chains bites

  World’s biggest chipmaker faces less efficient operations in US and Japan but gets boost from AI demand
  
  Financial Times - 34m

• Citigroup swings to fourth-quarter profit, tops estimates on investment banking strength

  The fourth-quarter report comes after a year where Citi's stock rose almost 37%, outperforming the S&P 500.
  
  CNBC - 12h
• 

  Uranium prices hit record as thirsty AI data centres add to market squeeze

  Industry pressured to build new conversion facilities to cover end of US import waiver and impact of Ukraine war
  
  Financial Times - 4d

• World's biggest chipmaker TSMC posts record 2024 revenue as AI boost continues

  TSMC manufacturers semiconductors for some of the world's biggest companies from Apple to Nvidia.
  
  CNBC - 6d

• Biden administration planning new AI chip export limits that would hit Nvidia, report says

  The White House is finalizing additional restrictions on the export of artificial intelligence microchips that would hit companies including Nvidia and Advanced Micro Devices, according to a report.
  
  MarketWatch - Jan. 9
• 

  Acer unveils Acer Swift Go and Aspire Vero 16 laptops with latest chips and up to 99 TOPS AI

  Acer unveiled new models in its Acer Swift Go and Acer Aspire Vero laptop families with the latest components from Intel and AMD.
  
  VentureBeat - Jan. 6

• Foxconn Posts Record Fourth-Quarter Revenue on AI Demand

  The Taiwan-listed assembler of Apple and Nvidia products posted record revenue for the fourth quarter, helped by robust demand for servers to power burgeoning artificial intelligence technologies.
  
  The Wall Street Journal - Jan. 5

• Edwards nets career-high 53 in loss to Pistons

  The Pistons overcame Anthony Edwards' career-high 53 points to beat the Timberwolves on Saturday night.
  
  ESPN - Jan. 5

More from CNBC

• TikTok’s U.S. operations could be worth as much as $50 billion if ByteDance decides to sell

  Business moguls should be prepared to spend tens of billions of dollars for TikTok's U.S. operations should parent company ByteDance decide to sell.
  
  CNBC - 11h

• Israel and Hamas reach Gaza ceasefire and hostage deal

  A ceasefire and hostage deal between Israel and Hamas has been reached in the bloody war in Gaza.
  
  CNBC - 8h

• Shares of Cartier owner Richemont jump 17% as sales rise in December quarter

  Cartier owner Richemont on Thursday reported a 10% increase in third quarter sales even as China demand weighed.
  
  CNBC - 1h

• UK economy's disappointing November growth fuels the case for Bank of England rate cut

  The U.K. economy grew at a lackluster pace of 0.1% in November, data from the Office of National Statistics showed Thursday.
  
  CNBC - 1h

• Goldman Sachs CEO Solomon says IPO market is 'going to pick up' along with dealmaking

  At an event hosted by Cisco on Wednesday, Goldman Sachs CEO David Solomon indicated that the multi-year IPO drought should be coming to an end.
  
  CNBC - 8h

More in Business

• I worked for a well-known company 40 years ago, which has been taken over several times. How do I find my pension?

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  Netanyahu under pressure from far-right allies on Gaza ceasefire deal

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  Financial Times - 12m

• California wildfires could slow the economy and boost inflation — and that’s not even the worst of it, economists say

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  MarketWatch - 17m

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  MarketWatch - 21m

• Richemont stock is surging by the most it’s ever done in one day. Other luxury plays are jumping too.

  The struggling European luxury-goods sector roared to life Thursday after Richemont reported its highest-ever quarterly sales as it blew by analyst estimates.
  
  MarketWatch - 28m