Taiwan Semiconductor Manufacturing (NYSE: TSM), the world's largest contract chipmaker, has been a divisive investment over the past year. The bears argued that cooling sales of PCs in a post-pandemic market, supply chain challenges for smartphones, and other macro headwinds would throttle the growth of the semiconductor sector and curb the market's demand for its services. The bulls pointed out that TSMC has weathered plenty of cyclical downturns before, and that it would likely remain far ahead of its closest rivals -- Samsung and Intel -- in the "process race" to manufacture smaller and denser chips. Read More...
Reuters
Chinese astronauts return to earth after ‘successful’ six-month mission
Three Chinese astronauts landed back on earth on Sunday on board the re-entry capsule of the Shenzhou-14 spacecraft, state broadcaster CCTV reported, bringing to an end a six-month mission on China’s space station. The three astronauts – commander Chen Dong and teammates Liu Yang and Cai Xuzhe – who had been overseeing the final, pivotal period of construction at the space station, which was completed in November, all said they were feeling well after landing in audio aired on CCTV. The capsule landed at the Dongfeng site in north China’s Inner Mongolia Autonomous region at 8:09 p.m. (1209 GMT), with staff from the space agency declaring the entire mission, which began on June 5, a “complete success”, CCTV reported.
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