TSMC starts volume production of most advanced chips in Taiwan

TSMC starts volume production of most advanced chips in Taiwan

TAINAN, Taiwan, Dec 29 (Reuters) – Chipmaker Taiwan Semiconductor Manufacturing Company Ltd (TSMC)(2330.TW), began mass production of its most advanced chips in southern Taiwan on Thursday and the company’s chairman said it would continue to expand capacity on the island. The long-awaited mass production of chips with 3-nanometre technology comes as attention focuses on the … Read more

U.S. stocks drop on recession fears, Nasdaq closes at new bear market low

U.S. stocks drop on recession fears, Nasdaq closes at new bear market low

Tesla gains 3.3% in choppy trade Southwest Airlines slips 5.2% on government scrutiny Indexes down: Dow 1.1%, S&P 500 1.20%, Nasdaq 1.35% Dec 28 (Reuters) – Wall Street’s main indexes ended weaker on Wednesday, with the Nasdaq hitting a 2022 closing low, as investors grappled with mixed economic data, rising COVID cases in China, and … Read more

Tesla, megacap growth stocks pull Nasdaq lower; Dow rises

Tesla, megacap growth stocks pull Nasdaq lower; Dow rises

Tesla slumps on report of reduced output plan China ADRs rise on reopening optimism Indexes mixed: Dow up 0.40%, S&P down 0.11%, Nasdaq down 0.80% Dec 27 (Reuters) – The tech-heavy Nasdaq came under pressure on Tuesday following declines in some megacap growth stocks and Tesla, while optimism around an economic recovery in China after … Read more

Apple Japan hit with $98 mln in back taxes- Nikkei

Apple Japan hit with $98 mln in back taxes- Nikkei

TOKYO, Dec 27 (Reuters) – Apple Inc’s (AAPL.O) Japan unit is being charged 13 billion yen ($98 million) in additional taxes for bulk sales of iPhones and other Apple devices to foreign tourists that were incorrectly exempted from the consumption tax, the Nikkei newspaper said. Citing unidentified sources, the Nikkei reported on Tuesday that bulk … Read more

China races to install hospital beds as COVID surge sparks concern abroad

China races to install hospital beds as COVID surge sparks concern abroad

Authorities rush to add hospital beds, build fever clinics U.S. raises concerns over possibility of COVID mutations Beijing reports five more deaths on Tuesday Security tight at crematoriums amid doubts over death toll BEIJING/WASHINGTON, Dec 20 (Reuters) – Cities across China scrambled to install hospital beds and build fever screening clinics on Tuesday as the … Read more

Wall Street falls fourth straight day as recession worries nag

Wall Street falls fourth straight day as recession worries nag

Dec 19 (Reuters) – Wall Street equities closed lower on Monday for a fourth straight session with Nasdaq leading declines as investors shied away from riskier bets, worried the Federal Reserve’s tightening campaign could push the U.S. economy into a recession. The three major U.S. stock indexes have been pressured since Wednesday, when Fed Chair … Read more

China reports first COVID deaths in weeks as doubts gather over official count

China reports first COVID deaths in weeks as doubts gather over official count

Beijing reports two deaths, first since Dec. 3 Comes after Beijing relaxed anti-virus controls Citizens, analysts question official figures Virus surge weighs on world’s second economy BEIJING, Dec 19 (Reuters) – China reported its first COVID-related deaths in weeks on Monday amid rising doubts over whether the official count was capturing the full toll of … Read more

Foxconn unit to sell stake in Chinese chip firm Unigroup

Foxconn unit to sell stake in Chinese chip firm Unigroup

TAIPEI, Dec 17 (Reuters) – Taiwan’s Foxconn (2317.TW), the world’s largest contract electronics maker, said on Friday its subsidiary in China has agreed to sell its entire equity stake in embattled Chinese chip conglomerate Tsinghua Unigroup. Taiwan has turned a wary eye on China’s ambition to boost its semiconductor industry and is tightening legislation to … Read more

China braces for COVID spread to countryside as holidays near

China braces for COVID spread to countryside as holidays near

Beijing dropped many anti-virus curbs last week Millions set to travel across country for Lunar New Year China stocks ventilators, drugs, tests for rural areas Infection waves dim near-term growth prospects BEIJING/SHANGHAI, Dec 16 (Reuters) – China set out urgent plans to protect rural communities from COVID-19 on Friday as millions of city-dwellers planned holidays … Read more

China pushes vaccines as retreat from ‘zero-COVID’ turns messy

China pushes vaccines as retreat from ‘zero-COVID’ turns messy

Beijing urges inoculations for elderly WHO calls for vaccine drive as virus spreads Economic summit starts amid more dire data BEIJING/SHANGHAI, Dec 15 (Reuters) – China raced to vaccinate its most vulnerable people on Thursday in anticipation of waves of COVID-19 infections, with some analysts expecting the death toll to soar after it eased strict … Read more