Free Republic

Chip giant Taiwan Semiconductor Manufacturing Co. is supercharging an already massive US investment spree – pledging an additional $100 billion to meet surging AI demand. The move brings TSMC’s investment in the US to $265 billion and comes as the company posted second-quarter earnings that blew past market expectations Thursday. TSMC, which supplies powerful chips that are critical for tech giants like Apple and Nvidia, boosted its global capital spending plan for 2025 to between $60 billion and $64 billion. That record level marks an increase of about 7% to 14% from its previous forecast. Still, TSMC’s US-listed shares slipped...

The initial wave of a massive bloodbath at Oracle has begun to show up in public filings — with 700 workers expected to lose their jobs by June 1, according to California state records. The software giant headed by billionaire Larry Ellison will cut 310 workers in Redwood City, 184 in Santa Clara, 158 in Pleasanton and 50 in Santa Monica. The statewide tally of roughly 700 job cuts, in addition to 491 firings in Seattle, is part of the software maker’s recently announced bloodbath that is reportedly in the thousands of jobs. Analysts at investment bank TD Cowen predicted...