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Profit beats expectations as AI boom drives 54% hike

An image of a semiconductor wafer at the Taiwan Semiconductor Manufacturing Museum of Innovation in Hsinchu, Taiwan, on Jan. 11, 2022. I-Hwa Cheng | Bloomberg | Getty Images Taiwan Semiconductor Manufacturing Company on Thursday reported a 54% hike in net profit, as global chipmakers continue to benefit from demand boosted by AI applications. The company’s net income was 352.3 billion …

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Intel faces headwinds in China as trade body calls for security probe

Intel products sold in China have been recommended for a security review by local officials who allege that the U.S. chipmaker poses “serious risks” to national security.  In a statement on Wednesday evening, the Cybersecurity Association of China outlined alleged vulnerabilities in Intel’s CPU chips, claiming the flaws in product quality and security management show an “irresponsible attitude toward its customers,” …

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