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TSMC beats revenue estimates, lifting AI spending optimism
January 9th, 2026 - 05:03 GMT
Dr. Mansour Al-Maswari

Mansour Al-Maswari

TSMC beats revenue estimates, lifting AI spending optimism

ALBAWABA- Taiwan Semiconductor Manufacturing Company (TSMC) exceeded market expectations, reinforcing optimism that global spending on artificial intelligence will remain strong in 2026 despite concerns about inflated valuations. The world’s largest contract chipmaker reported a 33.1% year-on-year rise in quarterly revenue to NT$1.05 trillion (about US$32.9 billion), based on monthly figures, beating the average forecast, according to DPA. TSMC, a key supplier to Apple and Nvidia, likely benefited from resilient iPhone ...
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Under discussion is the need for workers to be trained in procedures like verifying the identity of passengers and travel documents to meet the threats of terrorism. (AFP/File)
August 31st, 2016 - 08:00 GMT

Spotlight on air safety and coordination as MENA air traffic rises 60 percent

More than 6,000 tax dispute cases worth about 47 billion Egyptian pounds are in the court system, in addition to 150 civil disputes. (AFP/Asmaa Waguih)
August 31st, 2016 - 07:00 GMT

Egypt to streamline procedures for tax dispute settlements

Propertyfinder.ae said it recorded an 8 per cent drop in traffic from the UK immediately after the Brexit vote, although this had begun to reverse in recent weeks. (File photo)
August 31st, 2016 - 05:56 GMT

Dubai's property market feels the Brexit bite

According to Visa, 76 percent of UAE and 58 percent of Saudi Arabia millennials shop online. (Pexels)
August 31st, 2016 - 05:20 GMT

Millennials are driving a $5.3B e-commerce market in MENA

MoUs were also signed on the construction of a new city in Al-Asfar suburb, and on the Silk Road executive development program. (Saudi Press Agency)
August 31st, 2016 - 04:17 GMT

Saudi Deputy Crown Prince's visit to China kicks off with 15 new bilateral agreements signed

Under the revamp, primary and secondary schools will introduce a new course on IT and programming. (File photo)
August 30th, 2016 - 01:00 GMT

UAE moves to overhaul national school system

Most expats in the region agree that it is not necessary to speak Arabic to get by in everyday life, especially in Bahrain, Oman, and the UAE, where Arabic and English are the main business languages. (File photo)
August 30th, 2016 - 12:00 GMT

Bahrain ranks highest in the region for expat living: InterNations

Under the proposed scenario, the Iraqi government would be shipping about 150,000 barrels per day of oil through Iran that is being produced from the fields in Kirkuk. (File photo)
August 30th, 2016 - 11:08 GMT

Iraq plans sale of Kirkuk oil via Iran if negotiations with Kurds fail

Egypt's tire sales have not recovered despite a traditional uptick in purchases over the summer. (Pixabay)
August 30th, 2016 - 09:30 GMT

Prices up, sales down: Egypt's tire market hit by foreign currency woes

Integrating SMEs into the Expo is expected to further stimulate employment, strengthen existing industries, improve SME competitiveness and contribute to sustainable economic growth.  (Expo 2020)
August 30th, 2016 - 08:30 GMT

Dubai Expo 2020 to award $1.36B in contracts to SMEs

Kuwait spent KD300m ($995.8m) for treatment of citizens abroad between January 1 and August 15, according to local reports. (File photo)
August 30th, 2016 - 07:30 GMT

Kuwait to cover $1.06B out of $497.9B of unpaid overseas hospital bills

Despite plans to close 100 US stores, Macy’s will be opening in Abu Dhabi in 2018. (Arabia Style)
August 30th, 2016 - 06:11 GMT

The department store is not dead, according to the Majid Al Futtaim Group

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