Shares of Semiconductor Stocks Are Trading Higher Amid Overall Market Strength Following Fed Chair Powell's Comments About the Economy and Future Rate Cuts.
Under the AI boom, the demand for EDA software has surged! Synopsys (SNPS.US) profits increased by 27% year-on-year, exceeding expectations.
EDA software giant synopsys provided a fourth-quarter overall revenue and profit forecast as of the end of October that exceeded Wall Street's expectations.
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Taiwan Semiconductor's first European factory broke ground, with nearly half of its billions of euros investment coming from government subsidies.
On Tuesday, Taiwan Semiconductor started its first European factory in Dresden, Germany. German Chancellor Scholz and European Commission President von der Leyen attended the groundbreaking ceremony. The factory will mainly produce chips for the automotive and other industrial sectors, with a total investment of 10 billion euros, half of which comes from government subsidies in Germany.
Taiwan Semiconductor Manufacturing Company Limited (TSM): A Tech Stock to Monitor Amid Market Volatility According to Stacy Rasgon
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