Reuters

HSINCHU, Taiwan (Reuters) -Taiwanese contract chipmaker TSMC, a major supplier to Apple and Nvidia, on Thursday forecast an annual revenue growth of 10% in the global semiconductor industry, excluding memory chips.

"This is a new golden age of opportunity with AI," said senior vice-president Cliff Hou, who was speaking at an event in Hsinchu, where the company is headquartered.

In April, TSMC lowered its outlook for the global semiconductor... (continue reading...)

By Rae Wee

SINGAPORE (Reuters) -Several Asian share benchmarks fell on Thursday as markets digested the implications of policymakers in major economies preferring to take a patient approach to monetary easing amid sticky inflation.

Geopolitical tensions were also at the forefront of investors' minds as China's military started two days of "punishment" drills held in five areas around Taiwan just days after new Taiwan President Lai Ching-te... (continue reading...)

By Kevin Buckland and Alun John

TOKYO/LONDON (Reuters) -The dollar hovered near a one-week high on Thursday after its biggest daily percentage gain this month against a basket of peers a day before as minutes of the last Fed meeting revealed a willingness to raise interest rates among some officials,

The pound was unmoved by the announcement of a British election, having jumped to a two-month peak following hotter-than-expected inflation on... (continue reading...)

(Reuters) - Tesla has told suppliers for its models sold outside China to start building components and parts outside of both China and Taiwan by as early as next year, Nikkei reported on Thursday.

Suppliers of components such as printed circuit boards, displays and electronics control unit systems have received the request, the newspaper reported, citing six supply chain executives.

(Reporting by Kanjyik Ghosh; Editing by Mrigank Dhaniwala)

(Reuters) -Oil prices eased for a fourth straight session on Thursday after the minutes of a U.S. Federal Reserve meeting revealed discussions of a further tightening of interest rates if inflation remained sticky, a move that could hurt oil demand.

Brent crude futures fell 20 cents, or 0.2%, to $81.70 a barrel at 0651 GMT. U.S. West Texas Intermediate crude (WTI) futures were down 29 cents, or 0.4%, at $77.28. Both benchmarks fell more than 1% on... (continue reading...)