Connect with us

ASIA

TSMC announces profit rise on AI demand

Published

on

Taiwan Semiconductor Manufacturing Co (TSMC) confirmed on Thursday that it is seeking a brand new chip packaging technology for artificial intelligence, but warned that AI chip production will remain constrained until 2025, longer than previously expected.

In a sign of the chipmaker’s confidence that demand will remain strong, TSMC said its 2024 capital expenditure to increase advanced chip production and advanced packaging capacity will be between $30 billion and $32 billion, the upper end of its forecast.

We are looking at this kind of panel technology, but the maturity is not there today,’ said C.C. Wei, chairman and CEO, adding: ‘After three years, I believe panel fan-out technology will be introduced, and we are working on it and will be ready for it.

The CEO’s comments confirm Nikkei Asia’s earlier report that TSMC is exploring the use of rectangular substrates instead of the traditional round wafers for chip assembly and packaging.

Wei said the company currently expects strong demand for smartphones, but capacity for its flagship CoWoS advanced chip packaging technology will be constrained next year. CoWoS is seen as essential for producing cutting-edge artificial intelligence chips for customers such as Nvidia. TSMC’s advanced chip packaging technology can interconnect graphics processors, central processors and high-bandwidth memory (HBM) chips.

Demand is very high,” Wei said, adding: “Supply will continue to be very tight until 2025, and hopefully we can relax in 2026. … We continue to increase [capacity] wherever we can, whatever we can. From last year to this year we have more than doubled [CoWoS capacity] and maybe next year we will double it again”. TSMC has previously stated that such constraints could be resolved by the end of 2024.

Wei also gave an update on the company’s chip production roadmap. TSMC is on track to bring the next most advanced chip manufacturing technology, 2-nanometre technology, into mass production in the second half of 2025 and an updated version of 2 nm in 2026. He said that the 1.6nm (A16) node, an even more advanced technology, will enter production in the second half of 2026.

Wei also said, “AI is so popular that all my customers want to add AI to their devices. … This AI functionality will promote shorter replacement times,’ Wei said.

The chipmaker reported that net profit for the April-June period rose 36.3% year-on-year to NT$247.84 billion ($7.66 billion). Quarterly revenue rose 40.1% to an all-time high of NT$673.51 billion, rebounding from last year’s slowdown thanks to strong demand for artificial intelligence.

TSMC estimates revenue for the July-September period to be between NT$22.4 billion and NT$23.2 billion, in line with analysts’ expectations.

Trump: Taiwan should pay us

TSMC’s upbeat news came after a tough day on the stock market. Following former US President Donald Trump’s comments that ‘Taiwan should pay us for defence’, the price of US depositary receipts fell nearly 8% overnight, while the share price on the Taiwan Stock Exchange fell nearly 2.4% on Thursday ahead of the earnings release. The Republican presidential candidate also cast doubt on US-Taiwan relations if re-elected, saying Taiwan ‘takes about 100 per cent of our chip business’.

Wei said the company’s overseas expansion projects are on track and no changes are expected at this time. In response to an analyst’s question, he said TSMC was not considering joint ventures with the US government to reduce geopolitical uncertainties.

Before Trump’s comments, TSMC’s Taipei shares and US warehouse receipts were up nearly 80 per cent year-to-date.

TSMC produces chips for nearly all of the world’s leading chip designers, including leading-edge AI chips for Nvidia, AMD and Intel, and core processor chips for AI computers for Qualcomm, AMD and Intel. It is the sole supplier of processors for the new iPhone, which will be able to run Apple Intelligence, the company’s artificial intelligence platform.

Wei said his company was considering raising prices for top AI computer chip developer Nvidia.

‘Our pricing strategy is strategic, not opportunistic,’ Wei said, highlighting growing geopolitical uncertainty and pressures: ‘We continue to work closely with customers to [convince] them of our value.

Analysts expect price hikes next year.

ASIA

Syria will not follow Afghanistan’s Taliban model of governance

Published

on

In an astonishing statement, Ahmed Shará, also known as Abu Mohamad Jolani, the leader of the Hayat Tahrir al-Sham (HTS) said that he will allow the girls to go to schools and will not turn Syria like Afghanistan under the rule of the Taliban.

Jolani, the de facto ruler of Syria, said that he will distance himself from the Taliban’s strict policies on women’s rights, and said that Syria will not follow the Taliban’s mode of governance.  

Jolani, who brought down the government of Bashar al-Assad and also widely welcomed by the Taliban, said that he believes in the education of women and girls and will not make Syria like Afghanistan.

“Syria is a diverse society with various ideas, unlike Afghanistan, which is more tribal. The Afghan model cannot be applied here,” Jolani told a BBC reporter.

Jolani says that Syria is a diverse society with various ideas, unlike Afghanistan, which is more tribal.

Jolani’s comment came when the Taliban congratulated the HTS-led victory by Jolani over Assad’s regime after years of fighting. The Afghan Foreign Ministry celebrated Jolani’s victory through a statement and hoped Jolani can bring peace and stability in the country.

“It is hoped that the power transition process is advanced in a manner that lays the foundation of a sovereign and serve-oriented Islamic government in the line with the aspiration of the Syrian people; that unifies the entire population without discrimination and retribution through adoption of a general assembly; and a positive foreign policy with world countries the safeguard Syria from a threat of negative rivalries of foreign actors and creates conditions for the return of millions of refugees,” the statement by Taliban Foreign Ministry.

However, Jolan’s position on the rights of women and girls is in great contrast with the current view of the Taliban leadership. Women and girls have been banned from education and work since the return of the Taliban in August 2021, following the collapse of the Republic System and withdrawal of the US troops from Afghanistan. Girls and women are even banned from medical institutions and visiting public spaces.

Jolani says he has a plan to create a government based institution and a council chosen by the people. 

The situation got worse when the Taliban’s Ministry for the Promotion of Virtue and Prevention of Vice called women’s voices “immodest” compounding their exclusion from public life. This year, it has been marked as three years since girls were banned from pursuing education over sixth grade. Besides that, on December 20, 2022, the Taliban’s Ministry of Higher Education announced that women would be barred from attending public and private universities.    

In an interview with CNN, Jolani said that he has a plan to create a government based on institutions and a “council chosen by the people.”

“When we talk about objectives, the goal of the revolution remains the overthrow of this regime. It is our right to use all available means to achieve that goal,” said Jolani.

“The seeds of the regime’s defeat have always been within it… the Iranians attempted to revive the regime, buying it time, and later the Russians also tried to prop it up. But the truth remains: this regime is dead.”

Moreover, he also said the Syrian people are the “rightful owners” of the country after the ouster of Assad, and declared a “new history” has been written for the entire Middle East.

Continue Reading

ASIA

Yoon summoned again for questioning on treason charges

Published

on

A joint law enforcement team investigating South Korea’s martial law case announced on Friday that it has issued a second summons to ousted President Yoon Suk Yeol, requesting his presence for questioning next week. The inquiry concerns his alleged involvement in the failed implementation of martial law.

The team has scheduled the questioning for 10:00 a.m. next Wednesday at the Corruption Investigation Office for Senior Officials (CIO) headquarters in Gwacheon, located just south of Seoul. This marks the second summons after Yoon refused to cooperate with the initial notice earlier this week.

The decision to hold the questioning on a public holiday appears to be a strategic move by the CIO, likely aimed at addressing security concerns. The office confirmed that the summonses were delivered via express mail and electronically to both Yoon’s residence and the presidential office in Yongsan. Notably, after Yoon’s team refused to accept the first subpoena, the CIO opted against delivering the documents in person for this round.

The investigation focuses on Yoon’s role in the December 3 martial law declaration, which he revoked following a vote in the National Assembly. If Yoon continues to disregard the summons without valid justification, the CIO may seek a court order to detain him for up to 48 hours.

Yoon faces allegations of sedition and abuse of office, charges that have gained traction since his dismissal by parliament last Saturday. His suspension from office remains in effect pending a decision by the Constitutional Court, which will determine whether he is permanently removed or reinstated.

Continue Reading

ASIA

Xi Jinping champions economic diversification during Macau visit

Published

on

During a three-day visit to Macau commemorating the 25th anniversary of its return to Chinese sovereignty from Portugal, President Xi Jinping emphasized the importance of economic diversification and maintaining the “one country, two systems” framework.

Speaking at the swearing-in ceremony for Macau’s new Chief Executive Officer, Sam Hou-fai, Xi urged the administration to make economic diversification the city’s primary focus. Sam, the fourth leader since the 1999 handover and the first mainland-born Chinese official to hold the position, is expected to align closely with Beijing’s objectives to reduce Macau’s reliance on gambling. The gambling industry, which accounts for approximately 80% of Macau’s tax revenue, has been the cornerstone of its rapid economic growth in recent years.

“Macau should prioritize proper economic diversification,” Xi stated, calling for enhanced policy support and investment in emerging sectors. He also reiterated the significance of the “one country, two systems” principle, stressing its role in ensuring the city’s “prosperity and stability” for the long term.

Xi’s visit included stops at the Macau University of Science and Technology, where he explored laboratories focusing on traditional Chinese medicine and planetary science. He also attended a cultural performance at the Macau Dome and met with local stakeholders, according to Chinese state media. His trip marked a shift in tone, with Anthony Lawrence, founder of Intelligence Macau, noting that it was the first time Xi publicly praised Macau for its progress rather than delivering critiques or instructions.

Since the liberalization of Macau’s gaming monopoly in 2002, the city has attracted significant foreign investment, including from prominent US casino operators such as Las Vegas Sands, MGM, and Wynn Resorts. However, the economy struggled during the COVID-19 pandemic due to travel restrictions, and recovery has only recently begun.

On Friday, Macau’s casinos were bustling with visitors, while non-gaming initiatives like a stamp exhibition co-organized by MGM China and Beijing’s Palace Museum showcased the city’s efforts to diversify its offerings.

Continue Reading

MOST READ

Turkey