Neutral
Last updated: 2026-10-06 08:16:20 ET
Pulse AI Brief
Updated Oct 6, 2026 7:03 AM ET
Taiwan Semiconductor Manufacturing Company (TSMC) is scaling production at its Phoenix facility, establishing the world's largest chipmaker at meaningful scale outside Taiwan. Beijing has warned against deepening political and economic ties between Taipei and Washington tied to the expansion.
TSMC's U.S. footprint reduces supply-chain concentration risk and supports semiconductor equipment makers like ASML and Applied Materials. Geopolitical tension may accelerate further onshoring of advanced chip production, benefiting U.S. foundry operators and equipment suppliers.
The expansion underscores the decoupling of U.S. and Chinese semiconductor ecosystems, with Washington willing to subsidize domestic capacity to reduce reliance on Taiwan. Beijing's pushback signals escalating tech nationalism and potential retaliatory measures against U.S. chipmakers operating in China.
Rep. John Moolenaar wants the Fed to rethink Hong Kong’s access to a dollar-liquidity facility as China promotes the renminbi as a global currency.
Mate Rimac says Euro automakers shouldn't try to beat China at its own game because they'll lose.
Arizona Gov. Katie Hobbs joined Taiwanese leaders at the opening of an office in Phoenix to aid Taiwanese businesses and citizens in the region
Starbucks struck one of Asia's most closely watched deals last year. Now it is getting headaches over choices made by a partner that leans toward Beij...
The Justice Department has filed lawsuits seeking to revoke the citizenship of 40 naturalized Americans it says obtained that status unlawfully, as pa...
Hyundai CEO says only a ‘level playing field’ can minimize damage from China
Altman says the world should accept 'some bad things happening' with AI, plus China and earnings
Unique wallets sending P2P stablecoin transactions in China grew 43-fold between Q1 2024 and Q2 2026 as crypto activity increasingly shifted toward di...
Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox.
Beijing shuttered 670 mainly rural banks last year in a bid to create fewer, larger and better-capitalized lenders.
Unlock the AI Macro Analyst to drill down into the data, explore hidden risks, and query the entire market briefing in real-time.
LOG IN / SUBSCRIBE