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Suhani Jain

I am a student pursuing my bachelor's in information technology. I have a interest in writing so, I am working a freelance content writer because I enjoy writing. I also write poetries. I believe in the quote by anne frank "paper has more patience than person

TSMC Sales Rise Ahead of Expectations on AI Infrastructure Boom

TSMC Sales Rise Ahead of Expectations on AI Infrastructure Boom

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The only source of the most cutting-edge processors for Nvidia Corp. as well as Apple Inc., Taiwan Semiconductor Manufacturing Company (TSMC) announced an impressive NT$207.9 billion ($6.4 billion) in revenue for June. With an astounding amount, the June quarter had a 40 percent growth, reaching NT$673.5 billion, over the average estimate of a 35.5 percent increase.

Taking the AI Wave by Storm

TSMC Sales Rise Ahead of Expectations on AI Infrastructure Boom

Image Source: bnnbloomberg.ca

This spike in sales comes after TSMC’s $1 trillion market valuation was momentarily attained due to significant investments in data centres and devices connected to artificial intelligence (AI). Companies all over the world are scrambling to get hardware, such as Nvidia chips, to support their AI infrastructure. Wall Street brokerages have raised their price forecasts for TSMC in response to the increasing demand, presumably because they expect price increases in 2025 that would further boost earnings.

The slow sales of smartphones, which are just now starting to pick up steam, have been offset by the orders for artificial intelligence (AI) chips. The fact that Apple continues to be TSMC’s biggest client shows how important the business is to the tech giant’s entire supply chain.

Effect on the Index Taiex

Despite continuous global conflicts between the United States and China, the outstanding performance of TSMC along with other AI-related firms has greatly lifted Taiwan’s flagship Taiex Index by more than forty percent in the previous year. Broader market concerns have been eclipsed by the exponential growth in AI infrastructure investment, indicating the industry’s strong potential.

Intelligence Insights from Bloomberg

Bloomberg Intelligence reports that the higher-than-expected consumer interest in CoWoS advanced packaging was the reason behind TSMC’s second-quarter revenues exceeding projections. This spike in sales will probably lead to a beat in results because it will somewhat offset the margin dilution from the 3nm ramp-up.

Given the robust demand for its 3nm as well as CoWoS packaging technologies, TSMC’s capability to negotiate pricing hikes will be a major topic of discussion at the next earnings call.

Also Read: Elon Musk’s X Struggles with User Growth as the rise of Meta Threads

Concerns about Valuation

Even while TSMC’s future looks promising, Nvidia’s valuation is starting to raise questions. Recently, an analyst at New Street Research downgraded Nvidia’s shares, stating that it is approaching “full value.” Following an almost 240 percent increase in 2023, Nvidia’s stocks have surged 165 percent this year, prompting concerns about the durability of its sharp rise.

In summary

The artificial intelligence infrastructure boom is driving TSMC’s sales spike, which highlights the increasing significance of sophisticated chip technologies in enabling the forthcoming wave of technology breakthroughs.

Elon Musk's X Struggles with User Growth as the rise of Meta threads

Elon Musk’s X Struggles with User Growth as the rise of Meta Threads

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The number of users on X, previously referred to as Twitter, has significantly slowed down after Elon Musk purchased the company for forty-four billion dollars in the middle of 2022. X’s daily rise in active users has dropped to less than two percent in 2024, from an average yearly increase of 30 percent in 2020. X’s daily active user growth over the previous year was barely 1.6 percent, according to new information from the Financial Times, reducing the total to about 251 million daily active users.

App Downloads: Threads vs. X

Elon Musk's X Struggles with User Growth as the rise of Meta threads

Image Source: ft.com

The slowdown in the number of users is reflected in the downloads of X’s apps. AppFigures data indicates that although Meta’s Threads has enjoyed a solid 250,000 to 300,000 daily iOS downloads, X’s per day downloads have remained around 100,000. With 51 million downloads this year, Threads has more than doubled X’s total number of iOS downloads (20 million). On Android, a similar trend can be seen: Threads has received 87 million downloads, almost twice as many as X, with 45 million.

Comparison of Web Traffic

Even with its slow app downloads, X still gets a lot of traffic from web browsers. X surpassed Threads with over 2 billion monthly visitors, according to SimilarWeb data, with 51.5 million monthly visits. Since that Threads is a platform that has only lately begun to expand its online functionality, this discrepancy could be explained by the app-centric design of the platform.

User Interaction

According to Threads, there are 175 million active users each month; Sensor Tower calculates that number to be roughly 38 million users each day. This implies that the user base of X may be more engaged than that of Threads, where users may interact more regularly. The fact that Threads may be attracting more people away from X as it expands suggests that the user bases of the two platforms may not completely overlap.

Also Read: NALA Secures $40M to Revolutionize Payments Across Africa and Beyond

In conclusion, Musk’s social media endeavor faces a huge hurdle since, despite maintaining a sizable amount of web traffic, X’s declining user growth and app download rates contrast significantly with Meta’s Threads’ quick development.

 
Foxconn Invests $551 Million to Two New Projects in North Vietnam

Foxconn Invests $551 Million to Two New Projects in North Vietnam

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According to state media, Foxconn Singapore has been granted permission to invest $551 million in two projects aimed at producing smart entertainment items and smart system components in Quang Ninh, a region in northern Vietnam.

The New Ventures of Foxconn

Foxconn Invests $551 Million to Two New Projects in North Vietnam

Image Source: moneycontrol.com

The most prominent contract electronics manufacturer and assembler in the world, Foxconn, is still growing throughout the world. The Taiwanese behemoth has obtained a permit for a $263.7 million project to produce smart entertainment items with a yearly production rate of 4.18 million units through its unit Foxconn Singapore. Furthermore, a $287.2 million investment will support the 12.4-hectare site’s development of smart-system technology. The official start of production for both projects is scheduled for May 2027, with development expected to conclude by July 2026.

Vietnam Strategic Investments

Foxconn’s substantial investments throughout the years demonstrate the company’s dedication to Vietnam. The corporation has made more than $3.2 billion in investments since joining the nation in Southeast Asia in the 2000s. The northern regions of Bac Ninh and Bac Giang are home to the majority of its production facilities. Foxconn furthered its industrial diversification last year when it disclosed that it would invest $250 million in Quang Ninh to produce telecom and electric car parts.

Increasing Production Capabilities

In addition to the publicly disclosed projects, Foxconn has been given permission to invest $383 million in a factory that makes printed circuit boards.. This action is in line with Foxconn’s plan to diversify its sources of supply outside of China by making large investments in Vietnam as well as India.

Also Read: Danish Startup Kvantify Raises €10M to Integrate Quantum Computing with Life Sciences

In summary

Foxconn is attempting to diversify its production capacity and lessen its reliance on any one nation, as evidenced by its significant investments in Vietnam. An important step in Foxconn’s growth has been reached with the $551 million investment in smart entertainment items and smart system equipment in Quang Ninh. The company puts itself in a position to fulfill the rising demand for sophisticated electronics and intelligent systems throughout the world as it keeps looking for new prospects and improving its production capabilities.

 
Danish Startup Kvantify Raises €10M to Integrate Quantum Computing with Life Sciences

Danish Startup Kvantify Raises €10M to Integrate Quantum Computing with Life Sciences

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A €10 million seed funding round led by Danish venture capitalist Dreamcraft, biotech financier Lundbeckfonden BioCapital, alongside private investment firm 2degrees, has been shut down by Danish quantum software developer Kvantify. Other notable investors include Danish lead quantum VC 2xN, an international startup investor with a focus on certain industries, and EIFO, which is well-known for its investments in NIL Technology and EvodiaBio.

Usage of Funds

Danish Startup Kvantify Raises €10M to Integrate Quantum Computing with Life Sciences

Image Source: techfundingnews.com

With the help of this finance, Kvantify will be able to maintain its position as the industry leader in quantum computing while concentrating primarily on creating applications for the health sciences. The investment will hasten the development of novel approaches that use quantum computing to address challenging issues in the discovery of drugs and other fields. It will also encourage the advancement of quantum computing techniques for chemical simulations, increasing their industry-wide application.

The Company's Concept

In 2022, Nikolaj Zinner, Hans Henrik Knudsen, and Allan Grønlund launched Kvantify intending to enable enterprises without specialized skills to leverage the revolutionary power of HPC and quantum computing. Acknowledging the potential of new technologies to address intricate problems that go beyond the capability of traditional computers, they put together a team of highly skilled specialists in cloud computing, chemistry, mathematics, and physics to meet their challenging objectives.

What Operates the Business?

Kvantify uses high-performance computing and quantum technology to develop ground-breaking answers to challenging problems in science and industry. Its goal is to eventually make quantum computing technology broadly available and a useful tool for companies all around the world.

Investor Opinion

Quantum computing can provide accuracy and derisking to the early stages of drug development, enabling speedier speed to market, according to Jacob Falck Hansen, a partner at Lundbeckfonden BioCapital. We are thrilled to collaborate with Kvantify to bring medicine development and quantum computing together. Dreamcraft General Partner Carsten Salling continued, saying,

We are excited to work with Kvantify to bridge quantum computing and drug development.” Carsten Salling, General Partner at Dreamcraft, added, “We cannot wait to see how Kvantify will help solve today’s seemingly impossible problems.” Marco Stutz, Partner at Redstone, noted, “Kvantify’s interdisciplinary team and innovative approach are perfectly placed to bring tremendous value to commercial markets.”

techfundingnews.com

Also Read: MiddleGame Ventures Hits €55M Milestone Towards €150M Fintech Fund

About Kvantify

Kvantify’s tactical emphasis on using quantum computing for the life sciences, a field where advances in computing can significantly enhance outcomes, shows great promise. It is well-positioned to make significant contributions thanks to its solid financial backing from reliable investors and a knowledgeable founding team. The startup’s goal to democratize complicated computing technology is in line with current movements toward making quantum computing more widely available and useful.

 
China Says US Targeting of AI Not Helpful for Healthy Development

China Says US Targeting of AI Not Helpful for Healthy Development

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China has expressed significant resistance to U.S. efforts that target investments in artificial intelligence (AI) within its territory, claiming that these moves could cause splits in the world and impede the advancement of AI technology. China’s U.N. Ambassador Fu Cong made this declaration on Monday in response to the U.N. General Assembly’s passage of a resolution that was written by China and intended to improve international cooperation on AI capacity-building.

US Draft AI Investment Regulations

China Says US Targeting of AI Not Helpful for Healthy Development

Image Source: foxnews.com

Citing possible risks to U.S. national security, the United States this month unveiled proposed regulations that would forbid or require notification of certain investments made in China in the fields of artificial intelligence and other technologies. 

These actions are part of a larger campaign to keep US knowledge from supporting China’s technological innovations and positioning it as a dominating player in international markets.

China's Resolute Reluctance

Ambassador Fu Cong stated their position is that these sanctions are not right. He underlined that American measures do not support the development of an inclusive and equitable economic climate and urged Washington to change course. According to Fu, the limitations would lead to inconsistent norms and regulations, which would fracture global governance in addition to impeding the development of AI technology.

Encouraging a Collaborative Enterprise Environment

The international community is urged to guarantee a just, transparent, inclusive, and non-discriminatory business environment throughout the lifecycle of AI systems, according to a recently adopted U.N. resolution that was drafted by China. 

In order to develop safe, secure, and reliable AI technology, international cooperation is essential, as this resolution emphasizes.

"We don't believe that the U.S. government's position or decision will be helpful to the healthy development of AI technology, and will, by extension, divide the world in terms of the standards and rules governing AI," Fu said, emphasizing the significance of international unity in AI governance.

reuters.com

Also Read: Biden Administration Invests $504 Million to Develop 12 Nationwide Tech Hubs

An Appeal for Reversal

In response to an executive order that President Joe Biden signed in August of last year, the U.S. Treasury Department published these proposed regulations. This executive order is part of a larger strategic effort to protect American technological leadership and stop vital knowledge from being transferred to China, which might increase its technological might.

China’s call for lifting the U.S. limits on AI investments underscores the need for a more coordinated and cooperative approach to the development and regulation of AI technology, even while the debate over these investments rages on. The result of this geopolitical struggle will probably influence how international AI governance develops in the future.

 
Billionaire Xavier Niel Bids $4.1 Billion to Take Over Millicom

Billionaire Xavier Niel Bids $4.1 Billion to Take Over Millicom

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Billionaire Xavier Niel has made a substantial offer to buy all of the outstanding shares of Millicom International Cellular SA, valuing the telecom operator in Latin America at almost $4.1 billion. This is a daring move on his part.

The Specifics of the Offer

Billionaire Xavier Niel Bids $4.1 Billion to Take Over Millicom

Image Source: reuters.com

The proposal was made by Niel’s investment vehicle, Atlas Luxco Sarl, to buy Millicom shares for $24 in cash per share, which is marginally less than the business’s most recent closing price of $24.55. The independent board committee of Millicom has already determined that the offer is insufficient, stating that it “would significantly undervalue” the company given its financial performance in the second quarter, even though the board has not made a formal decision.

Money and Strategic Goals

The buyout proposal is completely financed by bank financing and available resources. Another chapter in Millicom’s takeover history Interest, Atlas, already the company’s largest shareholder, had been exploring this deal for months.

Niel purchased his interest in the company during discussions over a possible sale with Apollo Global Management Inc. as well as Claure Group last year.

The Market Position of Millicom

With its headquarters located in Luxembourg, Millicom provides landline and mobile telephony services to more than 50 million customers in Latin America under the Tigo brand. Due to market rivalry and economic uncertainty, Millicom has experienced inconsistent results in recent years; yet, the company generated $5.6 billion in revenues last year.

The decision by Atlas is interpreted by Analyst Insights BI analyst Matthew Bloxham as a conviction in Millicom’s underappreciated potential for cash production. He draws a comparison between Niel’s approach and French billionaire Patrick Drahi’s BT investment, pointing out that affluent telecom investors frequently exhibit confidence in generating large returns.

Also Read: SK Hynix Announces $75 Billion Investment in Chip Technology by 2028

Advisory and Upcoming Actions

Niel is being advised on the transaction by BNP Paribas SA, Lazard Inc., Credit Agricole SA,  Societe Generale SA,  JPMorgan Chase & Co., and Svenska Handelsbanken AB. Financing is being provided by BNP, Credit Agricole, JPMorgan, Natixis, and Societe Generale. Market watchers and investors are waiting for more information about Millicom’s response and possible takeover as things stand.