TSMC Sells Batch of Patents for $26 Million; Shares Drop 3%

Taiwan Semiconductor Manufacturing or TSMC (TPE:2330) sold its batch of patents to Parabellum Strategic Opportunities Fund for $26 million.

MT Newswires01:22 ET

China International Capital Corporation: AI prosperity resonates at home and abroad, focusing on structural upgrading of traditional telecommunications business.

In the first half of 2024, AI computing power is still the core investment focus, with high prosperity in AI big model iteration and optimization and North American cloud vendors' AI investment, driving the performance and market performance of AI hardware core suppliers to resonate and drive the sector's market capitalization to rebound from the beginning of the year.

Zhitong Finance21:57 ET

"Tech bubble" does not exist? A taiwan fund inc continues to bet on AI semiconductors, with performance surpassing 98% of its peers.

Despite skepticism about the overvaluation of the technology industry in the market, a Chinese and Taiwanese technology fund remains bullish about the continued driving force of AI on the semiconductor industry.

Zhitong Finance19:39 ET

After the technology stock's $900 billion collapse, the US stock market will face a critical week!

Are you still bullish in the long term?

Gelonghui FinanceJul 20 21:45 ET

HTSC: ASML's new Q2 order volume has greatly increased, bullish on the recovery of global semiconductor equipment industry.

HTSC stated that ASML, the leading semiconductor equipment company in the Netherlands, has exceeded expectations in Q2, and is bullish about the recovery of the global semiconductor equipment industry.

Zhitong FinanceJul 20 19:41 ET

US stocks closed with all three major indices falling, with the S&P Nasdaq index seeing its largest weekly decline in three months. Technology stocks weakened, with Tesla down more than 4%, Nvidia down more than 2%, and CrowdStrike down more than 11%.

Investors accelerated their escape from technology stocks, with stocks and bonds in Europe and the United States being hit hard for two days. This week, the S&P 500 and Nasdaq fell by about 2% and 3.7%, respectively. The Nasdaq stopped its six-week continuous rise, while the Dow and small-cap indices rose by 0.7% and 1.7%, respectively. Chip stocks fell more than 3% on Friday and nearly 9% for the week. Nvidia also fell more than 8.7% for the past three months, making it the worst performer. The "seven sisters of technology" all fell for the week, and cybersecurity leader Crowdstrike, which triggered a global technology outage, fell 11% on Friday, the worst in nearly two years. The VIX panic index rose more than 32% for the week.

wallstreetcnJul 19 21:32 ET