TSMC delivered a far bigger earnings beat than investors expected on Thursday, as demand for advanced AI chips pushed quarterly profit above NT$700 billion for the first time.Net income surged 77.4% to a record NT$706.56 billion, comfortably exceeding the NT$632.6 billion estimates. Diluted earnings rose to NT$27.25 a share, equivalent…

Kioxia’s stock price has plunged since reaching a record high in late June, falling from ¥112,750 to ¥63,100 today. The shares have dropped to their lowest level since May 29, mirroring the broader selloff across memory-chip stocks while significantly underperforming the Nikkei 225 Index.Kioxia stock drops despite the memory boomTop…

Nvidia’s latest Japanese collaboration may not change earnings forecasts overnight, but it offers a glimpse of where the chipmaker expects artificial intelligence to travel next.Fujitsu is bringing together FANUC, Yaskawa Electric and Kawasaki Heavy Industries to explore a physical-AI control platform using Nvidia technology, with applications across factories, logistics networks…

Shares of British engineering company Rotork surged 67% on Thursday after Swiss industrial giant ABB agreed to acquire the company for $5.5 billion in the largest acquisition in ABB’s history, extending a wave of foreign takeovers that is reshaping the UK stock market.The recommended cash offer eclipses ABB’s previous biggest…

One of Wall Street’s most dependable income stocks has quietly become a market outperformer trading close to a record high. Its dividend yield is roughly twice that of the broader market, while its payout has increased every year for more than six decades.The company is Coca-Cola (NYSE: KO). Investors have…

The Hang Seng Index jumped to its highest level since June 15, even after China published a weak macro report. It soared to 24,692, up by 9.7% from its lowest level this year, with healthcare and biotechnology-related stocks being the biggest gainers.Hang Seng jumps after weak China macro dataHong Kong…

SK Hynix stock jumped 11% in Seoul on Wednesday, extending a rapid rebound from the worst single-day decline in the chipmaker’s history.The recovery follows extraordinary whiplash around its Nasdaq listing. SK Hynix’s American depositary receipts gained 12.8% in their Friday debut, before the Korean shares crashed 15.4% on Monday as…

Aehr Test Systems stock (NASDAQ: AEHR) surged more than 40% in extended trading on Tuesday after the semiconductor-equipment maker delivered stronger-than-expected earnings, record bookings and an aggressive growth forecast.The gain later eased, with the stock trading nearly 28% higher at about $92 after closing the regular session at $72.01.The larger…

The Kospi Index continued its strong recovery as technology companies like Samsung and SK Hynix soared. It jumped to 7,377, up by 15% from its lowest point this month. Still, technicals suggest that the worst may not be over for the blue-chip South Korean index.Kospi Index jumps ahead of South…

Asian stocks rallied on Wednesday as a surprise drop in US inflation eased fears of an imminent Federal Reserve rate increase, while a pause in oil’s surge removed some of the pressure that had dominated markets earlier in the week.South Korea’s Kospi surged 7%, Japan’s Nikkei 225 rose 1% and…