Your Daily Brief For October 20th

Your Daily Brief For October 20th

about 2 months ago1 min

Today's Stories

Today's Insight

Your Brief Summary

In today’s Daily Brief, we'll look at how the world's biggest chipmaker TSMC may be about to free itself from the shackles of a demand downturn.

"With both TSMC and chip equipment maker ASML saying the clouds might be parting, the broader industry – and in turn, the market as a whole – could be in for some milder weather."

Key takeaways:

  • TSMC’s profit plunged, but the chipmaker’s optimistic about the future
  • Country Garden missed a major payment deadline, joining the list of companies hit by China's real estate downturn


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