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(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. expects a return to solid growth this quarter and gave itself room to raise capital spending in 2024, suggesting the world’s most valuable chipmaker anticipates a recovery in smartphone and computing demand.Most Read from BloombergBlinken Stranded After Boeing 737 Breaks Down on Davos TripApple to Sell Watches Without Oxygen Feature After Legal SetbackSingapore Minister Quits After Biggest Graft Case Since 1986Stocks Drop as Solid Data Fuel F

Shares of computer processor maker AMD (NASDAQ:AMD) jumped 5.3% in the pre-market session after peer, Taiwan Semiconductor Manufacturing Company reported strong Q4'2023 results that exceeded Wall Street's revenue and EPS expectations. During TSMC's earning call, CEO C.C. Wei added, "2023 was a challenging year for the global semiconductor industry, but we also witnessed the rising emergence of generative AI-related applications, which TSMC as a key enabler." Looking ahead, the company expects re

IMFL worth 32L seized in Vadodara raid. Four persons arrested. The state monitoring cell (SMC) of Gujarat Police conducted the raid at a plot in Ranoli GIDC estate after receiving a tip off. The seizure included 24,031 bottles of IMFL worth Rs 32,16,300.

‘China and other countries must also cherish’ Taiwan’s role in global chip industry, Lai says after victory on Saturday.

Investment reflects fund’s optimism over beaten-down market, where valuations are ‘absolutely incredible’, says fund manager.