TAIPEI (Reuters) -TSMC, the world's largest contract chipmaker, reported on Thursday second-quarter revenue of T$933.80 billion ($31.9 billion), beating market forecasts, as demand for the company's products leaps on surging interest in artificial intelligence (AI) applications.

TSMC , the world's largest contract chipmaker, reported on Thursday second-quarter revenue of T$933.80 billion ($31.9 billion), beating market forecasts, as demand for the company's products leaps on surging interest in artificial intelligence applications.

Nvidia made history Wednesday, reaching a milestone market capitalization. These three charts show its path to $4 trillion since the debut of ChatGPT.

Nvidia has rebounded about 74% from its lows in April, when global markets were jolted from U.S. President Donald Trump's tariff volley.

Nvidia is the first company to achieve a $4 trillion valuation thanks to AI, dethroning Apple from the top spot yet again.

European Union-backed chipmaker SiPearl has raised €130 million ($152 million) from investors including Taiwan’s Cathay Venture, as Europe pushes for technological sovereignty.

U.S. chipmaker GlobalFoundries Inc. is moving into the RISC-V processor business after announcing plans to buy the chip developer MIPS Technology LLC for an undisclosed price.

Nvidia becomes first company to hit a $4 trillion market cap: Wall Street’s favorite bet just crossed a record valuation, driven by its near-monopoly on AI infrastructure as competitors race to catch up. https://t.co/6OgCSlLoOs pic.twitter.com/e8HHpy63q3 — Quartz (@qz) July 9, 2025