TSMC leads chipmaker plunge as market react to global tech sell-off after typhoon break

📆 7/26/2024 5:24 AM
📰 malaymail

⏱ Reading Time:
34 sec. here
5 min. at publisher
📊 Quality Score:
News: 27%
Publisher: 86%

TSMC News

Taiwan,Typhoon Gaemi,Wall Street

TAIPEI, July 26 — Taiwanese giant TSMC tumbled with several other leading chip makers today as traders returned from a typhoon-imposed two-day break to play catch-up with a...

‘First-timer and busybody’ visitors hunt for bargains as Muslim-friendly Malakat Mall offers up to 70pc discounts in fire sale before going under

Equities across the world tumbled after disappointing earnings from “Magnificent Seven” titans Alphabet and Tesla fuelled worries about the tech sector, which has driven a surge in markets and pushed all three main indexes on Wall Street to multiple record highs. Taiwan Semiconductor Manufacturing Company controls more than half the world’s output of silicon wafers — considered the lifeblood of the global economy — that are used to power anything from smartphones and cars to missile launch pads and stock markets.

With Typhoon Gaemi triggering massive storms Wednesday and Thursday on Wednesday and Thursday, Taiwan’s stock market was closed.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

TSMC becomes trillion-dollar company: Artificial Intelligence revolution behind the giant’s riseAI is causing major shifts on Wall Street, with TSMC joining the elite trillion-dollar market capitalization club.
Source: gizmochina - 🏆 18. / 53 Read more »