China’s insistence on local chip usage; release of Ascend 910C muddles Nvidia’s future

Rumors suggest the Chinese government is encouraging local companies to prioritize domestic artificial intelligence (AI) processor brands over Nvidia’s products. If this informal guidance becomes mandatory in the future, it could pose a dual threat to Nvidia’s position in the Chinese market, especially in light of Huawei’s release of the Ascend 910C.

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TSMC’s September revenue hits second-highest; annual US$ revenue set to exceed target

TSMC’s September 2024 revenue reached NT$251.873 billion (around US$7.75 billion), fueled by high demand for next-generation smartphone, AI, and PC chips from key clients such as Apple, Nvidia, Intel, AMD, Qualcomm, and MediaTek. This represents a 0.4% growth month-on-month and a 39.6% increase year-on-year, marking the second-highest monthly revenue ever for TSMC.

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Foxconn expands EV lineup: Model U, Model D take center stage alongside surprise reveals

Foxconn showcased its growing automotive expertise at HHTD24, unveiling the Model D electric SUV and Model U mid-sized electric bus. In his opening address, chairman and CEO Young-Way Liu highlighted the company’s plans to introduce additional electric vehicle (EV) models throughout the year, demonstrating Foxconn’s extensive expertise and growth in the automotive industry.

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