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BUSINESS

BUSINESS latest

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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American University of Beirut
May 30th, 2024 - 08:33 GMT

Roundtable at AUB: The Impact of COP 28 on Businesses in Lebanon and the MENA Region

Oracle Middle East
May 30th, 2024 - 08:28 GMT

Oracle Plans to Open Two Public Cloud Regions in Morocco

Azizi Developments
May 30th, 2024 - 08:14 GMT

Azizi Developments, NEB partner for Azizi Venice

Vertiv
May 30th, 2024 - 08:06 GMT

Vertiv's AI-Ready Infrastructure Solutions Take Center Stage at Datacloud Global Congress 2024

جامعة محمد بن زايد للذكاء الاصطناعي
May 30th, 2024 - 07:29 GMT

Mohamed bin Zayed University for Artificial Intelligence: Large language model K2-65B launches globally, setting a new standard for sustainable performance.

inflation
May 30th, 2024 - 07:05 GMT

Turkey inflation may fall by 40% in September, finance minister says

Dubai South
May 30th, 2024 - 06:50 GMT

DUBAI SOUTH SIGNS AGREEMENT WITH GEMS EDUCATION TO OPERATE THE FIRST WORLD-CLASS BRITISH SCHOOL AT THE RESIDENTIAL DISTRICT

The Abu Dhabi Investment Office
May 30th, 2024 - 06:44 GMT

ADIO enables Khazna to boost Abu Dhabi’s data economy

Egypt
May 30th, 2024 - 06:39 GMT

Egypt sees 30.2% rise in foreigners getting work licenses in 2023

LuLu Group International
May 30th, 2024 - 06:30 GMT

LuLu Group Partners with AWS to Accelerate its Digital Transformation

real estate
May 30th, 2024 - 06:27 GMT

Saudi Eastern Province sees $365m fund to raise real estate development

L'Oréal
May 30th, 2024 - 06:26 GMT

L'Oréal launches biggest Beauty Tech startup competition for the beauty sector across Asia and MENA to uncover marketing innovations for digital natives

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