logo
TSMC to Delay Japan Chip Plant and Prioritize U.S. to Avoid Trump Tariffs

TSMC to Delay Japan Chip Plant and Prioritize U.S. to Avoid Trump Tariffs

TOKYO—Taiwan Semiconductor Manufacturing is delaying construction of a second plant in Japan partly because it is pouring funds more quickly into U.S. expansion ahead of potential Trump administration tariffs, people familiar with the plans said.
The revised schedule is the latest example of how President Trump's aggressive stance on trade is pulling some investment toward the U.S. at the expense of allies. Major technology companies have committed to expand U.S. production of artificial-intelligence servers that are currently made in places such as Mexico and Taiwan.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

CEO Michael Dell Cashes Out 10 Million Shares
CEO Michael Dell Cashes Out 10 Million Shares

Yahoo

time37 minutes ago

  • Yahoo

CEO Michael Dell Cashes Out 10 Million Shares

July 4 - Last week, Michael Dell (Trades, Portfolio) (NYSE:DELL), CEO and founder of Dell Technologies, sold 10 million shares at $122.27 apiece for roughly $1.22 billion. Following the divestiture, Dell retains about 27.29 million shares in the company. Private equity firm Silver Lake Group meanwhile disposed of 10,681 Dell shares at $120.33 each, netting nearly $1.29 million. Silver Lake continues to hold just over one million Dell shares. Insider sales can prompt caution, yet they often reflect portfolio rebalancing rather than a signal on corporate health. In Dell's case, the CEO's sale may simply diversify personal holdings, not undermine confidence in future growth. The sale comes as Dell aims to accelerate investments in cloud and AI initiatives, areas that executives consider pivotal for long?term expansion. Investors will likely digest these disclosures ahead of Dell's upcoming earnings report and weigh them against broader trends in the technology sector. This article first appeared on GuruFocus. Sign in to access your portfolio

WhatsApp Business Just Got Smarter -- Voice Calls and AI Recommendations Are Here
WhatsApp Business Just Got Smarter -- Voice Calls and AI Recommendations Are Here

Yahoo

time37 minutes ago

  • Yahoo

WhatsApp Business Just Got Smarter -- Voice Calls and AI Recommendations Are Here

Meta (META, Financials) is quietly turning WhatsApp into a full-blown business engine; this week, the company rolled out voice call support for large businesses using WhatsApp Business and signaled deeper integration of AI features, including product recommendations and smart customer support. Warning! GuruFocus has detected 6 Warning Sign with META. The update marks a shift. Small businesses could already use WhatsApp to call customers; but until now, larger companies were left out. With this new API rollout, businesses can now place and receive calls and layer in AI-powered voice agents via startups like Vapi, ElevenLabs, Coval, and Phonic. That means customer service can happen around the clock; no live agent required. And that's just the beginning. Meta is also expanding its AI-based chat support tools, which were being tested with select merchants in Mexico. More companies will now be able to automate conversations; send follow-ups; and even handle outreach all within WhatsApp. One of the most promising updates? AI-powered product suggestions. After a user chats with a merchant, Meta's AI can now recommend relevant items and follow up on those conversations in real time essentially turning WhatsApp into a smart shopping assistant. Right now, these AI features are free; but that may not last forever. Meta already earns revenue from click-to-WhatsApp ads and business messaging tools; and monetizing voice AI or product recommendation bots seems like a natural next step especially as usage scales. The company says WhatsApp Business now serves over 200 million users monthly. As these tools roll out, Meta is clearly laying the groundwork for a platform that helps businesses engage, transact, and scale without ever needing a separate call center or CRM. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Wall Street Fined in Asia's $3B Money-Laundering Bombshell
Wall Street Fined in Asia's $3B Money-Laundering Bombshell

Yahoo

time42 minutes ago

  • Yahoo

Wall Street Fined in Asia's $3B Money-Laundering Bombshell

Singapore just sent a clear message to the global banking world: money laundering lapses won't go unpunished. The Monetary Authority of Singapore (MAS) handed out S$27.5 million (US$21.5 million) in fines to nine financial institutionsincluding some of the world's most powerful banksafter a two-year probe into the country's largest-ever money laundering case. Credit Suisse's Singapore branch took the biggest hit at S$5.8 million, followed by penalties against UBS (NYSE:UBS), Citigroup (NYSE:C), United Overseas Bank, and others. The case, which surfaced in August 2023, saw authorities seize over S$3 billion worth of assets, from luxury condos and supercars to crypto. Ten suspects of Chinese origin were convicted, and two ex-bankers were charged earlier this year. Warning! GuruFocus has detected 2 Warning Sign with UBS. At the heart of the issue: weak anti-money laundering controls. MAS pointed to poor or inconsistent implementation across the firms involved. Four individuals at Blue Ocean Invest were banned from regulated roles for up to six years, while several others received official reprimands. UBS, which absorbed Credit Suisse in 2023, said it fully cooperated with the review. Citi disclosed it has tightened onboarding and monitoring processes, while UOB and its brokerage arm UOB-Kay Hian also moved to close gaps. The regulator said it would monitor progress closely, signaling there's still more work to be done behind the scenes. This could be the biggest compliance reckoning since MAS shut down BSI Bank's local unit in 2016 during the fallout from the 1MDB scandal. While Singapore remains a rising star in global wealth managementassets under management climbed 10% to S$5.41 trillion last yearthe case highlights a tension between growth and governance. Similar crackdowns abroad have cost banks billions, including TD Bank's US$3.1 billion AML settlement last year and Danske Bank's US$2 billion fine in 2022. For investors, the key takeaway is this: as capital flows into Singapore, regulators are under pressure to show they can keep the pipes clean. This article first appeared on GuruFocus. Sign in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store