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Taiwan Semi Slides Despite Record Results In Warning Sign For Chip Companies

Taiwan Semi Slides Despite Record Results In Warning Sign For Chip Companies Taiwanese chip giant, Taiwan Semiconductor Manfuacturing Co, said Thursday its net profit surged to a fresh record in the first quarter, fueled by the global artificial intelligence race despite the war in the Middle East. Massive demand for AI hardware means business is booming for TSMC -- the biggest contract maker of microchips used in everything from Apple phones to Nvidia processors. TSMC's net profit for the first three months of the year jumped 58.3% YoY to NT$572.5 billion ($18...
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May 4, 2026 / Tyler Durden
Sacked Russian Minister Flees To US Amid Corruption Probe In First Of Ukraine War
Sacked Russian Minister Flees To US Amid Corruption Probe In First Of Ukraine War A Russian minister has become the first known high-ranking official to flee Russia and seek asylum in the United States since the Ukraine war began over four years ago, amid a fraud probe. Denis Butsayev, a senior Russian official recently dismissed from the Natural Resources and Environment Ministry, fled to the US to avoid criminal prosecution, regional media reports say. President Putin meets with then General Director of the Russian Environmental Operator Denis Butsayev He was officially removed from his post as...
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Apr 10, 2026 / Tyler Durden
Musk's xAI Sues Colorado Over AI Law, Saying It Forces Developers To Back State's Views
Musk's xAI Sues Colorado Over AI Law, Saying It Forces Developers To Back State's Views Authored by Tom Gantert via The Epoch Times (emphasis ours), Elon Musk's artificial intelligence company, xAI, filed a lawsuit on April 9 over a Colorado law it claims makes AI developers endorse “Colorado’s views on diversity, equity, and inclusion or face significant compliance costs and civil fines.” The chatbot Grok is the flagship product of xAI. Oleksii Pydsosonnii/The Epoch Times The company, whose flagship product is the chatbot Grok, named Colorado Attorney General Philip Weiser as the defendant. The...
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May 6, 2026 / Tyler Durden
"Data Centers Require Reliable And Predictable Energy": Riot Partners With Terrestrial Energy
"Data Centers Require Reliable And Predictable Energy": Riot Partners With Terrestrial Energy Riot platforms announced a collaboration with Terrestrial Energy to pair future data centers with co-located nuclear reactors. The two companies are evaluating deploying Terrestrial’s Integral Molten Salt Reactor (IMSR) plants to existing Riot facilities in Texas and Kentucky, as well as multiple other potential sites.  The headline comes on the same morning as reactor development peer NANO Nuclear announced a strategic MOU with Supermicro… NANO Nuclear Soars On Strategic MOU With Supermicro For Powering AI Data Centers https://t.co/8evwYdhjZC — zerohedge (@zerohedge)...
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