TSMC Q2 profit rallies 77% , surpassing expectations
Taiwan Semiconductor Manufacturing Company (NYSE:TSM) reported Q2 2026 net income of NT$706.6 billion, up 77.4%, on revenue of NT$1.27 trillion.
Taiwan Semiconductor Manufacturing Company (NYSE:TSM) reported Q2 2026 net income of NT$706.6 billion, up 77.4%, on revenue of NT$1.27 trillion.
South Korea will temporarily halt new listings of single-stock leveraged exchange traded products to curb market volatility. The move follows a a surge in popularity of funds tied to Samsung Electronics Co. and SK Hynix Inc. Bloomberg's Tom Mackenzie and Neil Campling discuss.
Taiwan Semiconductor Manufacturing Company (NYSE:TSM) plans another $100 billion of U.S. manufacturing investment, bringing its total announced commitment to $265 billion.
Tom Mackenzie, Oliver Crook and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
Molecular Partners (NASDAQ:MOLN) reported that nine expert sites are now active in its randomized Phase 2 TACTIC clinical trial for MP0317.
Sharon Bell, Goldman Sachs senior European equity strategist, discusses tech and artificial intelligence earnings, saying "hyperscalers will be upping their capex spending again in 2027." Speaking on Bloomberg Television, she adds: We think, ultimately, this will be a big productivity gain for GDP in aggregate."
While markets await TSMC earnings, South Korea's chip-heavy KOSPI was sharply lower as investors mull a report that semiconductor makers ASML plan to raise its prices. Jean-Paul van Oudheusden, Market Analyst at etoro spoke to Bloomberg's Jennifer Zabasajja on Horizons Middle East and Africa on the demand for the chips.
TSMC posted quarterly profit that beat estimates. The main chipmaker for Nvidia Corp. and Apple Inc. reported a rise in net income for the June quarter to NT$706.6 billion ($22 billion), surpassing the average estimate of NT$623.7 billion. The steady growth highlights the company's central role in producing the vast majority of the world's most advanced chips for data centers and smartphones. Bloomberg's Stephen Engle reports.
Fatih Birol, Executive Director of the International Energy Agency, says markets are nervous and "grappling with big uncertainty" as escalating attacks threaten shipments of oil, fertilizer, natural gas, and other cargoes through the Strait of Hormuz. He warns global economies will suffer, with developing nations and Asia most exposed. He speaks with David Gura on the sidelines of the Aspen Security Forum on Bloomberg: The Asia Trade.
Nvidia co-founder Jensen Huang stressed that the US company's next-generation AI accelerator systems were in production and on track for delivery. Bloomberg's Nick Turner reports.
US Trade Representative Jamieson Greer discusses the Section 301 investigation on Brazil and says the US is now in a trade surplus with Switzerland. Speaking with Bloomberg's David Gura on "Asia Trade," Greer also says China's compliance is not perfect, when asked about a bilateral rare earths pact.
Christie's CEO Bonnie Brennan discussed the significant increase in memorabilia sales, noting a 300% rise, and addressed whether this trend represents the future focus of Christie's auctions. She emphasized that memorabilia is just one chapter in a diverse auction portfolio. She speaks with Romaine Bostick on "The Close."