DailyEdge

The company notified U.S. authorities after discovering one of its chips in Huawei’s AI product, raising concerns over a potential export restriction breach. The chip was identified by TechInsights during a teardown of Huawei's Ascend 910B, despite TSMC having ceased shipments to Huawei since 2020.

The company shares surged 5% to an all-time high after the company raised its full-year targets, driven by strong cloud revenue growth of 27% in Q3. AI played a key role, with 30% of cloud contracts involving AI, while operating profit exceeded expectations, supported by cost-cutting and cautious hiring.

The company will let customers build autonomous AI agents using Copilot Studio starting in November, handling tasks like client queries and inventory management with minimal human input. This move aims to simplify AI monetization as Microsoft and other tech giants seek returns on their AI investments.

The company stock rises 5.2% premarket after adding 5.1 million new subscribers in Q3, exceeding expectations. The company forecasts even higher sign-ups for the holiday season, with "Squid Game" Season 2 set for December. Netflix continues to outperform competitors like Disney and Warner Bros in content creation.

The Cybersecurity Association of China is urging a national review of Intel products, citing alleged threats to the country’s security. This move could trigger scrutiny from China's cyberspace regulator, escalating tensions in the tech sector amid ongoing US-China relations. 🔒

The Biden administration is in early talks to impose new limits on AI chip sales to select nations, focusing on the Persian Gulf. This move could reshape global AI capabilities as the US tightens control over its semiconductor power. Yahoo Finance reports.📊

The Singapore government blocks Allianz’s 51% acquisition of Income Insurance, citing concerns over the insurer's ability to fulfill its social mission. Officials are open to new proposals addressing these issues. 💼

The company faces mounting pressure with a 7% dip in third-quarter global deliveries, driven by faltering Chinese demand and high production costs in Europe. As the automaker explores plant closures, the challenges of electrification and fierce competition intensify. 🚗

Tesla is set to reveal its "Cybercab" robotaxi, potentially without steering wheels or pedals. Analysts are split—some call it a leap for AI, others question if the tech can deliver on its bold promises. 🚗

Taiwan Semiconductor's better-than-expected quarterly revenue rise sparks optimism about sustained AI hardware demand. With Nvidia and Apple as key clients, TSMC remains at the center of the AI boom despite rising industry skepticism. 📈