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TSMC’s sales grow slowest since October even as AI buildout persists

Taiwan Semiconductor Manufacturing Co. posted its slowest pace of monthly revenue expansion since October, highlighting the potential challenges of sustaining a torrid AI-fuelled pace of growth. Sales in April rose 17.5% to NT$410.7 billion ($13.1 billion), their smallest rise in about six months. While the rise reflects just 30 days of business and its revenue … Read more

Intel to buy back Apollo stake in Ireland factory for $14.2 billion

Intel said it would spend $14.2 billion to buy back the 49% stake it had sold to Apollo Global Management in its Ireland manufacturing facility, taking full ownership of the plant as its finances improve and AI drives demand for its processors. Shares of the chipmaker rose more than 10% on Wednesday. Apollo in 2024 … Read more

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