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Samsung flags 783% profit jump to record $80bn as AI chip boom surges
Samsung Electronics estimated on Thursday that its third-quarter operating profit jumped almost ninefold to a record 107.4 trillion won, or $80.2 billion, while sales at Taiwan's TSMC hit a quarterly record, as the AI boom keeps demand for chips strong.
Business
Europe’s carmakers compete with AI for chips and critical materials
Europe's car industry is most at risk from its reliance on a handful of countries for chips and critical materials, according to a new report which warns that going electric is pitting carmakers against AI and data centres for the same supplies.
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Business
TSMC posts record profit and pledges $100bn to expand US manufacturing
Taiwan Semiconductor Manufacturing Company (TSMC) beat Wall Street expectations on Thursday with a record second-quarter net profit, up 77% from a year earlier, while pledging a further $100bn (€87.4bn) to expand its chipmaking capacity in the US.
Business
AI demand lifts Europe's biggest company ASML's sales forecast
Europe's biggest company by market capitalisation, ASML, continues to benefit from the AI boom after raising its full-year net sales forecast to between €43bn and €45bn. Investors welcomed the upgrade, sending the shares up more than 5%.
Business
TSMC's June sales drive revenue surge of 68% ahead of earnings report
Taiwan Semiconductor Manufacturing Company (TSMC) reported a 35.6% increase in revenue during the first-half of 2026, and of 68% in June, highlighting continued strong demand for AI chips ahead of the firm's full second-quarter earnings report later this week.
Markets
SK hynix: From near-collapse to $1 trillion and a Nasdaq listing
SK hynix, the South Korean chipmaker whose memory chips power AI data centres around the world, lists on the Nasdaq this week in one of the largest share sales in history, capping a journey from near-bankruptcy to a trillion-dollar valuation.
Europe News
Euroviews. America can switch off the world's AI. Europe must adapt
'Europe is becoming a digital colony between two AI empires' writes Dr. Sergey Lagodinsky, Vice Chair of the Greens/EFA Group in the European Parlament in an OpEd for Euronews. For Brussels, it is time to act. Europe needs a smart strategy of cooperation that will keep the European economy alive.
Markets
AI giant Broadcom sheds $300bn as outlook misses sky-high expectations
The American chipmaker Broadcom reported a 48% revenue surge and AI semiconductor sales up 143%, but it disappointed investors by not raising its long-term sales target, sending shares tumbling more than 12% in after-hours trading.