TAIPEI (Reuters) - Taiwan Semiconductor Manufacturing Co ( TSM ), the dominant producer of advanced chips used in artificial intelligence applications, is expected to report a 42% leap in third-quarter profit on Thursday thanks to soaring demand. The world's largest contract chipmaker, whose customers include Apple ( AAPL ) and Nvidia ( NVDA ), has benefited from a surge towards...

Leading U.S. consulting firm McKinsey & Company is reportedly downsizing its workforce in China, eliminating around 500 positions, which equates to about one-third of its employees in the region. This decision is part of a strategic move to address security concerns linked to its operations in China. What Happened: McKinsey is reportedly scaling back its dealings with clients connected to...

Taiwan Semiconductor is gearing up to announce its quarterly earnings on Thursday, 2024-10-17. Here's a quick overview of what investors should know before the release. Analysts are estimating that Taiwan Semiconductor will report an earnings per share (EPS) of $1.80. Taiwan Semiconductor bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide...

SEOUL (Reuters) - South Korea will prepare stronger measures in a bid to prevent overseas leaks of business secrets amid intensifying competition for advanced technologies, the finance minister said on Thursday. We will prevent illegal leaks of advanced technologies to raise the global competitiveness of our companies and strengthen technology leadership, Minister Choi Sang-mok said. The government will set up...