Article by EDITORIAL TEAM

Key Points TSMC reports third-quarter revenue of T$759.69 billion ($23.62 billion), surpassing market expectations. Year-on-year revenue growth stands at 36.5%, driven by AI-related demand. TSMC’s revenue for September alone surged 39.6% year-on-year. The company’s stock has risen 72% in 2024, outperforming the broader market. Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest contract chipmaker, reported third-quarter revenue that significantly exceeded both market forecasts and the...

Key Points China is unlikely to target European luxury goods in retaliation for EU EV tariffs. Luxury spending in China is vital for tax revenue, and higher prices could push consumers to shop overseas. The Chinese luxury market is expected to account for 35% of the global market in 2024. Both the EU and China appear interested in avoiding a full-scale trade war. European luxury...

Key Points After stalled negotiations, Boeing has withdrawn its pay offer to 33,000 striking U.S. West Coast factory workers. The union is demanding a 40% wage increase over four years and the restoration of a defined-benefit pension. Boeing had offered a 30% wage increase and a performance bonus, but the union rejected the proposal. The union accuses Boeing of refusing to negotiate key issues, including...

Key Points China is accused of "predatory pricing" by flooding the lithium market to eliminate global competition. Lithium prices have fallen over 80% due to China's overproduction and decreased EV demand. The price collapse affects global lithium producers, including China, where major companies like CATL have halted production. Portugal, Europe’s largest lithium producer, struggles to attract investment amid falling prices. Chinese lithium producers are intentionally...

Key Points After the Epic Games lawsuit, Google ordered the Android app ecosystem to be opened to third-party stores and payment systems. The injunction will take effect on November 1, 2024, with a three-person technical committee overseeing changes. Google plans to appeal the decision, citing potential harm to consumers, developers, and manufacturers. The ruling is part of broader antitrust challenges Google faces over its market...