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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Bytes Technology Group plunges on profit warning

Bytes Technology Group plunges on profit warning

Shares of Bytes Technology Group, which is listed in London and Johannesburg, plunged more 27% on Wednesday after the IT firm said its operating profit for the first half of fiscal 2026 would be marginally lower due to delayed customer payments and longer-than-expected readjustments from internal restructuring. Trading in the first few months of the…

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