July 15, 2024

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Alphabet in Advanced Talks to Acquire Cybersecurity Startup Wiz for $23 Billion

2 years ago

Key Points: Alphabet is in advanced talks to acquire Wiz for $23 billion, potentially its largest acquisition ever. Founded in Israel and headquartered in New York, Wiz is a rapidly growing cloud-based cybersecurity startup with AI-powered threat detection. Wiz generated...

Latest July 15, 2024

TSMC Expected to Report 30% Rise in Q2 Profit Amid AI-Driven Demand Surge

by EDITORIAL TEAM

2 years ago

Key Points TSMC is expected to report a 30% rise in Q2 profit due to high demand for AI-related chips. TSMC plans substantial investments, potentially raising its capital spending beyond the current $28-$32 billion range. Significant investments in overseas factories, especially in Arizona and the USA, while keeping most of the production in Taiwan. TSMC...