News – Page 55

TSMC Reports Record Quarterly Profit Amid AI Chip Demand Surge

TSMC has reported its highest-ever quarterly profit with net earnings reaching NT$452.3 billion. The record performance comes as companies worldwide race to build AI infrastructure, creating massive demand for high-performance chips.

Record-Breaking Financial Performance

Taiwan Semiconductor Manufacturing Company has reportedly achieved its highest quarterly profit in history, according to recent financial reports. The world’s largest contract chipmaker announced NT$452.3 billion in net earnings for the third quarter, representing a substantial 39.1% increase compared to the same period last year. Sources indicate this remarkable performance was accompanied by a 6% quarter-over-quarter revenue growth to NT$989.9 billion, demonstrating the company’s strong positioning in the global semiconductor market.

by Tyler Brooks P.EOctober 16, 2025

Assistive Technology Policy

California Governor Vetoes Data Center Water Reporting Bill Amid Drought Concerns

California Governor Gavin Newsom has vetoed legislation that would have required data centers to disclose water consumption levels. The decision comes as the state faces significant water sustainability challenges and data centers continue to expand in water-stressed regions.

Governor Blocks Mandatory Water Reporting for Data Centers

California Governor Gavin Newsom has vetoed legislation that would have required data centers in the state to disclose their water consumption levels, according to reports. The decision, first reported by The Register, blocks Assembly Bill 93 which would have mandated water use reporting for an industry known for significant water consumption for cooling operations.

by Tyler Brooks P.EOctober 16, 2025

Assistive Technology Energy

UK Energy Costs Threaten Hyperscale Data Center Growth, CEO Warns

The UK’s high energy prices and regulatory constraints are creating an “untenable” environment for hyperscale data center development, according to Pure Data Centers CEO Dame Dawn Childs. Industry leaders warn that without government support and grid modernization, the country risks losing major AI investments to more competitive markets.

Power Pricing Crisis Deters Hyperscale Investment

According to reports from industry leadership, the United Kingdom‘s high energy prices are creating significant barriers for hyperscale data center development, particularly for AI infrastructure. Pure Data Centers CEO Dame Dawn Childs has stated that power costs make large-scale AI data centers “untenable” without substantial government subsidies.

by Megan CarterOctober 16, 2025

Business Startups

Zepto Valuation Reaches $7 Billion in Rapid-Commerce Expansion

Indian rapid-commerce platform Zepto has reportedly seen its valuation surge to $7 billion according to recent reports. The startup’s growth reflects the intensifying competition in the instant delivery sector as investors show increasing confidence in quick-commerce models across emerging markets.

Zepto’s Valuation Milestone in Competitive Market

Indian quick-commerce startup Zepto has reportedly reached a $7 billion valuation according to recent analysis from Bloomberg L.P. coverage. The rapid valuation increase comes as the company expands its 10-minute delivery services across major Indian cities, with sources indicating this represents one of the most significant funding rounds in the country’s rapidly growing quick-commerce sector.

by Ethan Reynolds PhDOctober 16, 2025

Economy and Trading Markets

S&P 500 Inclusion Premium Resurges as Retail Traders Reshape Market Dynamics

The prestigious S&P 500 Index is reportedly experiencing a resurgence in its inclusion premium after several years of dormancy. According to analysis, this revival appears driven by a new wave of retail investors altering traditional market patterns. The phenomenon suggests changing dynamics in how exclusive institutional memberships translate to stock market performance.

Resurgence of the S&P 500 Premium

The S&P 500 Index inclusion premium has reportedly returned after several years of absence, according to recent market analysis. Sources indicate that after a four-to-five year period in the late 2010s when the premium diminished, human nature appears to be reasserting itself as investors again show willingness to pay more for stocks simply because they’ve gained entry to the prestigious index.

by Ethan Reynolds PhDOctober 16, 2025

Economy and Trading International Business and Trade

US Tariffs Drive Sharp Decline in India Exports as Trade Talks Intensify

India’s exports to the United States have plummeted 37.5% over four consecutive months as new tariffs take effect. Trade negotiations between the two countries have resumed with the goal of concluding an agreement by next month amid ongoing disputes over agriculture and dairy access.

Significant Export Decline Following Tariff Implementation

India’s exports to the United States have reportedly plunged 37.5% over four consecutive months, dropping from $8.8 billion in May to $5.5 billion in September, according to recent trade analysis. The decline comes as new tariff measures implemented by the Trump administration continue to weigh heavily on bilateral trade relations between the two nations.

by Tyler Brooks P.EOctober 16, 2025

Assistive Technology Infrastructure

Ipswich Portal Installation Begins, Linking UK Town to Global Destinations

Work has commenced on installing the UK’s first international portal in Ipswich’s town square. The real-time visual link will connect the Suffolk town to cities including Dublin, Philadelphia, and Vilnius. Council leaders indicate the project aims to increase visitor numbers and position Ipswich alongside forward-thinking global cities.

UK’s First International Portal Installation Underway

Work has begun on installing what Ipswich Borough Council describes as the United Kingdom’s first international portal in the town’s main square, according to reports. The structure outside Town Hall on the Cornhill will provide a real-time visual connection to other global destinations, with installation now underway according to council statements.

by Tyler Brooks P.EOctober 16, 2025

Government Policy

China Expands Civil Service Age Limits to Combat Workforce Age Discrimination

China has increased the maximum hiring age for civil service positions for the first time in three decades, from 35 to 38. The move aims to combat age discrimination in the job market and address demographic challenges facing the country’s workforce.

Historic Policy Shift in Civil Service Recruitment

China has reportedly increased the maximum hiring age for some civil service positions for the first time in three decades, raising it from 35 to 38 years old, according to Reuters reports. The revision was announced ahead of the opening of applications for the national civil service examination, with candidates now required to be between 18 and 38 years of age to apply. Sources indicate that for applicants with master’s or doctoral degrees, the age limit has been extended even further to 43 from the previous 40.

by Tyler Brooks P.EOctober 16, 2025