Taiwan’s TSMC reported a 26% year-on-year sales increase in July, Bloomberg reports. The company earned NT$323.2 billion (about $10.8 billion), in line with analysts’ expectations of a 25% revenue growth for TSMC in the third quarter.
Despite the strengthening of the Taiwan dollar, TSMC is showing rapid growth: from January to July this year, sales rose by 38% compared to the same period in 2024. The company is actively working to bridge the gap between supply volumes and high demand, particularly from giants such as Nvidia and AMD.
TSMC shares, traded on the Taipei exchange, hit a record high on Thursday after the Trump administration announced new tariffs on chips, from which TSMC will be exempt thanks to its investments in manufacturing in the United States.
In addition to its dominance in the field of artificial intelligence, the company continues to supply chips for smartphones — a segment that, according to Sony, is gradually recovering. Recently, Apple also reported its highest quarterly revenue growth in the past three years, driven in part by strong demand in China.
The company expects further sales growth in the current quarter at a mid-to-high single-digit rate year-on-year.
Klarna shares jumped 30% during the long-awaited debut in New York, valuing the Swedish fintech at $19.65 billion. This marked the end of years of anticipation for the company’s IPO and highlighted the recovery of the broader U.S. IPO market. The stock opened at $52 per share, compared with the IPO price of $40. The […]
Private equity firm GTCR has reached a €4.1 billion ($4.8 billion) deal to acquire Czech generics drugmaker Zentiva from Advent International, Financial Times reported on Wednesday, citing unnamed sources. Reuters was unable to immediately confirm the information. GTCR, Advent, and Zentiva did not respond to Reuters’ requests for comment. According to the report, the transaction […]
Tesla’s share of the U.S. auto market dropped in August to its lowest level in eight years, Reuters reports. Elon Musk’s company, which once controlled more than 80% of the U.S. EV market, accounted for just 38% in August. For the first time since October 2017, Tesla’s share fell below 40%. By comparison, Tesla EVs […]
Ford’s August sales data show that the electric crossover Mustang Mach-E outsold its gasoline “sibling” by more than two-to-one, according to Carscoops. Last month, 7,226 Mustang Mach-Es were sold in the U.S. — a 35.3% increase compared to August 2024. By contrast, the traditional gasoline Mustang sold just 3,235 units, or half as many. While […]
Worldwide chip sales in July rose by 20.6% year-on-year, reaching $62.1 billion. Compared to June, the semiconductor market grew by 3.6%, according to a press release from the Semiconductor Industry Association (SIA). Sales in North and South America jumped 23.9% year-on-year, in China by 10.4%, in Europe by 5.7%, and in the Asia-Pacific and other […]
The late designer Giorgio Armani instructed his heirs to gradually sell the fashion house he founded 50 years ago or to take it public. This is stated in his will, according to Reuters. Giorgio Armani died at the age of 91, leaving no children who could inherit his fashion empire, which industry analysts value at […]
In August, Ukraine’s vehicle fleet grew by more than 2,800 hybrid passenger cars (HEVs and PHEVs), which is 7% more than in July, Ukravtoprom reports. It is noted that the share of new cars in this number increased by 4 percentage points compared to the previous month, reaching 56%. In the new passenger car segment, […]
Oracle co-founder Larry Ellison has overtaken Elon Musk in the race for the title of the world’s richest person, Bloomberg reports. Ellison’s fortune surged by more than $100 billion thanks to an unprecedented rally in Oracle’s stock following the company’s quarterly earnings release. The results, published Tuesday evening in New York after markets closed, exceeded […]
Good news from products company Lantmannen AXA was not long in coming! Company asked consumers: “What ingredients do you add most often to granola?” One of the most popular answers is nuts. We launched Super nuts Granola! The design has acquired the corporate style of the AXA Granola line. In combination with oatmeal, crispy honey […]
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The world’s largest producer of alcohol, the British Diageo has initiated arbitration proceedings with the French luxury goods manufacturer LVMH Moet Hennessy – Louis Vuitton SA due to non-payment of dividends in the amount of 181 million euros in 2019. Diageo owns 34% in the joint venture with LVMH for the production of alcoholic beverages […]
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International Court of Arbitration in New York in a dispute between the UMH – the Ukrainian publisher of “Forbes Ukraine” magazine, and the Forbes Media, LLC American publishing house ruled in favor of the latter on April, 20, and revoked the license of Forbes Ukraine, said in Forbes Media, LLC to the publication LІGA.net UMH […]
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Ukrainian citizens have started receiving National Cashback payments for August, which have reached a record amount since the program’s launch, according to the press service of the Diia app. The total payout amounted to ₴509 million, distributed among more than 3.6 million Ukrainians. These are funds citizens earned by purchasing domestically made goods — in […]
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On Thursday, Advanced Micro Devices Inc. has introduced the long-awaited line of four next-generation Ryzen 5000 series CPUs for the desktop PCs, based on the new Zen 3 architecture. Ryzen 5000 series products are based on the 7-nm manufacturing process of the Taiwan Semiconductor and designed for the computer gamers and the content creators. AMD […]
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The US Federal Aviation Administration (FAA) has ordered the state airline to inspect about 2,500 Boeing 737 aircraft for defective relays and cabin pressure drops. “An undetected failure of both relays could slow the crew’s detection of insufficient cabin pressure and result in the crew losing their ability to work due to hypoxia and, as […]
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The European Bank for Reconstruction and Development (EBRD) has revised down its forecast for Ukraine’s real GDP growth in 2025 from 3.3% to 2.5%, while keeping its 2026 forecast unchanged at 5.0%, conditional on the end of the war with Russia. The update was published in the EBRD’s latest economic report. “Ukraine’s GDP growth is […]
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Ukraine will allocate 2.6 billion hryvnias for the purchase of a coronavirus vaccine. This was stated by Finance Minister Serhiy Marchenko at the press conference on Monday, September 14. “By 2023, we have a real opportunity to ensure health care spending at 5%. There is an increase in 2021 to 4.2% of GDP for health […]
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OnlyFans owner Leonid Radvinsky has received record dividends of $701 million, Bloomberg reports. The record payout was revealed in filings from London-based Fenix International Ltd., which operates the platform, amid speculation about a possible sale of the business valued at up to $8 billion. As of the end of 2024, transactions on the platform reached […]
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Recently, the Antimonopoly Committee of Ukraine allowed the company NAP II Holdings B.V. (Netherlands), controlled by the NCH Capital (USA) to acquire more than 50% of the shares of two agricultural enterprises in the Khmelnitskyi region. This is stated on the AMCU website. The permission granted for the purchase of the shares of the companies […]
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This year, Russia is selling gas to China at a nearly 40% discount, according to The Moscow Times, citing data from Russia’s Ministry of Economic Development. In the ministry’s baseline forecast, the average price of Russian gas for exports to distant foreign markets (excluding China)—namely Turkey and the remaining European countries—will amount to $356.7 per […]
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The owner of the largest online store Rozetka.ua, Vladislav Chechetkin accused the retailer “Epicenter” which is developing a network of building supermarkets, in the non-competitive behavior and pressure on suppliers. “Epicenter” for a long time, probably two years, requires the suppliers not to sell the goods in Rozetka.ua. This solicitation sounds like: if your product […]
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According to the preliminary information, the official start of the Uber in Ukraine will take place in Kiev in the first quarter of this year and perhaps in Lviv. As told L?GA.net consultant on site Uberlin (the mediator of the company), a preliminary recruitment of drivers is opened. “Our company has experience with Uber in […]
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Global trade turnover in 2020 will decrease by 7-9%. This was announced on Wednesday, October 21, by the RBC-Ukraine news agency with reference to the report of the UN Conference on Trade and Development UNCTAD. The decline in trade has occurred in all regions of the world due to quarantine restrictions, the report said. They […]
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In December, Volkswagen expects more changes. December 7, 2015 the company went to Qatar, where they had meeting with one of its main investors, Qatar Investment Authority. Volkswagen representative Eric Felber pointed out that the visit is devoted to restructuring and improving the management and the most important shareholders should express their opinion on this […]
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Participating FIS client banks will be able to send and receive large-ticket international corporate payments quickly and securely KYIV – May 15, 2019 – Visa Inc. (NYSE:V) and FIS are joining forces to enable FIS’ commercial financial institution clients to quickly and securely access the Visa B2B Connect platform globally*. Visa B2B Connect will be […]
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