TSM Aug 2024 150.000 put
- Reuters
Exclusive-Chinese AI chip firms downgrading designs to secure TSMC production, sources say
Some Chinese AI chip companies are now designing less powerful processors to retain access to Taiwan Semiconductor Manufacturing Co (TSMC) production in the face of U.S. sanctions, four people with knowledge of the matter said. Aiming to impede breakthroughs in artificial intelligence and supercomputing by China's military, Washington has imposed a series of export controls on highly sophisticated processors from companies such as Nvidia and on chip manufacturing equipment.
- Barrons.com
Microsoft, Alphabet, TSMC, and Other Tech Stocks in Focus Today
Technology shares were mainly in the red early Tuesday, in line with the broader market as fears grow about the strength of the U.S. economy.
- Bloomberg
TSMC’s New Chairman Affirms Hopes of AI-Fueled 2024 Recovery
(Bloomberg) -- Taiwan Semiconductor Manufacturing Co.’s C.C. Wei, who on Tuesday became the first person to hold the dual roles of chairman and chief executive officer in years, reaffirmed expectations for AI development to drive a 2024 industry recovery.Most Read from BloombergModi Vows to Retain Power Even as Party Loses India MajorityShort Sellers in Danger of Extinction After Crushing Stock GainsBonds Rally as Traders Reload Fed Bets After Data: Markets WrapStock Pickers Defy Wall Street Nor
