By Ben Blanchard and Faith Hung TAIPEI (Reuters) – Taiwan Semiconductor Manufacturing Co, the main producer of advanced chips used in artificial intelligence applications, is expected to report a 40% leap in third-quarter profit on Thursday thanks to soaring demand. The world’s largest contract chipmaker, whose customers include Apple (NASDAQ:) and Nvidia (NASDAQ:), has benefited from the surge towards AI. TSMC is set to report a net profit of T$298.2 billion ($9.27 billion) for the quarter ended Sept. 30, according to a LSEG SmartEstimate drawn from 22 analysts. SmartEstimates give greater weighting to forecasts from analysts who are more consistently…
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Alpine is stepping into the electric SUV arena with its latest concept, the A390_β, positioning itself similarly to Lotus, known for its lightweight sports cars. While the brand has traditionally focused on sporty vehicles, much like Lotus with the Eletre, this new offering marks a shift towards the SUV segment. However, true to its identity, Alpine refers to the A390_β as a “sport fastback” rather than an SUV. The design of the A390_β features a striking sloping roofline, resembling a blend between an SUV and a coupe. Since this is currently just a concept, Alpine can experiment with features like…
BMW is making a significant return to the art of coachbuilding, blending luxury with exclusive design in a series of bespoke vehicles. Following its success with the revival of the iconic “Batmobile” through a limited-edition 3.0 CSL in 2022, which saw just 50 units produced on the M4 chassis, the German automaker is continuing this creative trend. Last year, they attempted to bring back the “Clownshoe” with a shooting brake variant based on the Z4 M40i roadster, though this model sadly did not make it to the production line. Most recently, BMW introduced the stunning Skytop, an 8 Series coupe…
HONG KONG, Oct. 13, 2024 /PRNewswire/ — Zhejiang Taimei Medical Technology Co., Ltd. (the “Company”; Stock code: 2576.HK) has announced that the shares have started to be traded on the Main Board of the Stock Exchange of Hong Kong Limited under the stock code “2576” since today. The Company said, “in the future, we will continue to upgrade and expand our products and services; expand customer base and efficiently respond to customer needs; strengthen customer relationships through cross-selling and upselling; reinforce R&D for future growth; expand internationally and foster global collaboration; pursue business growth through investments, acquisitions and partnerships.” Looking…
By Vidya RanganathanSINGAPORE (Reuters) – The dollar extended its gains in early Monday trades in Asia as a holiday in Japan sapped liquidity, leaving China’s somewhat disappointing weekend stimulus announcements the focus of market attention.The euro was down 0.13% at $1.0922 and the pound nearly 0.2% lower at $1.3043. The dollar was flat on the Japanese yen at 149.20.The dollar index was at 103.10, up a touch and closing in on last week’s peak, its highest since mid-August, on the back of traders reducing bets on further jumbo rate cuts by the Federal Reserve at its remaining meetings this year.Ahead…
(Bloomberg) — Chinese stocks fluctuated in early trading on Monday as investors assessed the potential impact of the support measures announced by the finance ministry over the weekend.Most Read from BloombergThe CSI 300 Index swung between a gain of 1.7% and a loss of 0.4%. It capped its worst week since late July on Friday. A Bloomberg Intelligence gauge of Chinese developers was little changed after rallying more than 4%.The swings underscore caution as traders await details of fiscal stimulus. Finance Minister Lan Fo’an promised new measures to support the property sector and hinted at greater government borrowing at the…
Volkswagen recently introduced the updated 2025 Taos, its Golf-based crossover aimed at the North American market. While the changes are not extensive, they include notable upgrades in performance, interior features, and a new transmission system. Despite these improvements, the pricing remains fairly close to its 2024 predecessor, and one trim is even slightly cheaper. Starting at $26,420 for the front-wheel-drive Taos S, the 2025 model sees a $1,000 increase from last year, factoring in the $1,425 destination fee. At the higher end, the most expensive model, the Taos SEL, comes in at $36,120, and it includes VW’s 4Motion all-wheel-drive system,…
The latest iteration of MINI’s ICE-powered Hatch family has received a thoughtful aftermarket enhancement from AC Schnitzer, known for its tasteful and discreet upgrades. Unlike some tuners that go overboard with modifications, AC Schnitzer focuses on sensible enhancements, as demonstrated by their work on the MINI Cooper S. This version showcases a refined approach, featuring a selection of exterior additions, suspension tweaks, new wheels, and subtle interior modifications that enhance the car’s overall appeal without losing its character. Fans of the MINI brand will appreciate the aftermarket components added to this subcompact hot hatch. AC Schnitzer has equipped the vehicle…
With Juniper’s AI-Native solutions, it can now tap into the right data, right real-time responses, and right infrastructure to deliver improved mobile employee experiences SEOUL, South Korea–(BUSINESS WIRE)–Juniper Networks ® (NYSE: JNPR), a leader in secure, AI-Native Networking, today announced that its AI-Native Networking Platform has been deployed by Seoul Semiconductor to deliver predictable, reliable and measurable wired and wireless access services that increase employee productivity while minimizing operational costs. The upgrades are driven by Mist AI™, the Juniper AI engine which leverages industry-leading AIOps and a microservices cloud to deliver excellent end-to-end user and operator experiences. Established in 1992,…
“China’s growth recovery and north Asia’s earnings rebound in 2024 remain our key investment themes and overweight areas,” Goldman Sachs’ strategists, led by Timothy Moe, wrote in a Saturday note.Vcg | Visual China Group | Getty ImagesAsia-Pacific markets traded higher on Monday, as investors assessed China’s weekend press briefing and awaited a slew of economic data this week from the region.Mainland China’s CSI 300 rose 1.3%, while Hong Kong’s Hang Seng index fell 1.47%.Hang Seng Mainland Properties Index gained about 2%, while Hang Seng Tech index dropped 3.48%.China’s Minister of Finance Lan Fo’an in a highly anticipated press briefing on…