420, or the numerical expression for April 20, has been slang for smoking marijuana for decades but cannabis ETFs have dropped on that day the past two years. Read More...
Reuters
TSMC Q1 profit rises 2% year-on-year, beats market expectations
Taiwanese chipmaker TSMC posted a 2% rise in first-quarter net profit on Thursday beating market expectations but still the smallest quarterly growth in almost four years as global economic woes dented demand for chips. Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world’s largest contract chipmaker and a major Apple Inc supplier, saw January-March net profit rise to T$206.9 billion ($6.76 billion) from T$202.7 billion a year earlier. TSMC, Asia’s most valuable listed company, said first-quarter revenue dropped 4.8% year-on-year, in line with the company’s previous forecast.
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