Arts and EntertainmentSemiconductors

TSMC Boosts Annual Revenue Forecast as AI Chip Demand Defies Trade Headwinds

Taiwan Semiconductor Manufacturing Co. has reportedly increased its annual revenue growth projection to mid-30% as third-quarter profits reached record levels. The upward revision comes despite ongoing trade tensions and U.S. tariff pressures affecting the global semiconductor industry.

Record Profits Drive Optimistic Outlook

Taiwan Semiconductor Manufacturing Co. (TSMC) has further elevated its revenue guidance for the year as the company’s third-quarter profits soared to unprecedented levels, according to recent reports. Sources indicate the world’s largest contract chip maker now anticipates mid-30% revenue growth for the year, up from its previous projection of approximately 30% growth.

Business AcquisitionFinance

BBVA’s Hostile Takeover Bid for Sabadell Fails to Meet Minimum Acceptance Threshold

BBVA’s ambitious hostile takeover bid for smaller competitor Sabadell has officially failed after the banking giant could not secure the minimum required shareholder acceptance. The unsuccessful tender offer marks the conclusion of one of Spain’s most contentious banking sector battles in recent years. According to reports, the bid fell significantly short of the necessary threshold despite BBVA having flexibility in acceptance requirements.

Failed Banking Merger Marks End of Contentious Takeover Battle

Spain’s second-largest banking institution, Banco Bilbao Vizcaya Argentaria (BBVA), has seen its hostile takeover attempt of smaller rival Banco Sabadell collapse after failing to secure sufficient shareholder support, according to reports from Reuters. Sources indicate the banking giant’s public tender offer earlier this month fell far short of the minimum acceptance condition required for the deal to proceed.