(Bloomberg) — Chip-related stocks in Japan, South Korea and Taiwan slumped, contributing to a wipeout of more than $240 billion from the sector’s global market value after the Biden administration imposed curbs on China’s access to semiconductor technology. Most Read from Bloomberg Taiwan Semiconductor Manufacturing Co., the world’s largest contractContinue Reading

(Bloomberg) — Taiwan Semiconductor Manufacturing Co. reported better-than-expected quarterly revenue, providing another signal that electronics demand is holding up better than feared. Most Read from Bloomberg The world’s largest contract chipmaker booked NT$534.1 billion ($17.9 billion) of revenue for the second quarter, according to Bloomberg’s calculations, compared with the averageContinue Reading

(Bloomberg) — Taiwan Semiconductor Manufacturing Co. forecast fourth-quarter profits and margins that exceeded some analysts’ estimates, as desire for chips stayed robust in the encounter of worsening snarls in the supply chain. Most Read through from Bloomberg The world’s No. 1 foundry reported Thursday it expects earnings of as substantiallyContinue Reading