TSMC profit surges 61% to record high fueled by AI chip demand

TSMC profit surges 61% to record high fueled by AI chip demand

A motorcycle is seen near a building of the Taiwan Semiconductor Manufacturing Company (TSMC), which is a Taiwanese multinational semiconductor contract manufacturing and design company, in Hsinchu, Taiwan, on April 16, 2025. Daniel Ceng | Anadolu | Getty Images Taiwan Semiconductor Manufacturing Company on Thursday reported a near 61% year-on-year rise in second-quarter profit, hitting…

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Mobile money lifts Africa savings to decade high

Mobile money lifts Africa savings to decade high

Sub-Saharan Africans boosted their savings at the fastest pace in more than a decade, driven by the growing impact of mobile money accounts across the continent. The share of adults in sub-Saharan Africa who saved through formal channels surged by 12 percentage points to 35% in 2024, the second-highest regional rate after East Asia and…

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Partnership provides new robotics and coding facilities to Phalaborwa high school

Partnership provides new robotics and coding facilities to Phalaborwa high school

Frans du Toit High School has received a fully equipped robotics and coding classroom, thanks to a partnership between Palabora Mining Company (PMC) and LH Marthinusen (LHM), which aims to boost digital skills education and development in Phalaborwa. Supplied image This initiative forms part of a broader socioeconomic development commitment by both organisations to uplift…

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Meta shares hit all-time high as Zuckerberg goes on AI hiring blitz

Meta shares hit all-time high as Zuckerberg goes on AI hiring blitz

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during the Meta Connect event on Wednesday, Sept. 25, 2024. Bloomberg | Bloomberg | Getty Images Meta shares hit a record high on Monday, underscoring investor interest in the company’s new AI superintelligence group. The company’s shares reached $747.90 during midday trading, topping Meta’s previous stock…

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SA’s data breach costs remain high, says SARB

SA’s data breach costs remain high, says SARB

Cyber attacks are a danger to SA’s financial stability in a time of uncertainty. The South African Reserve Bank (SARB) has warned that cyber attacks are a systemic danger to the country’s financial stability at a time when the global economic situation is as uncertain as during COVID-19. According to the central bank, a cyber…

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