TSMC Beats Expectations, Raises Revenue Outlook | Bloomberg Tech 10/16/2025

TSMC, the world's largest semiconductor manufacturer, has reported better-than-expected third-quarter results and raised its revenue outlook. The company's strong performance was driven by robust demand for chips used in artificial intelligence (AI) applications. Amid the positive news from TSMC, China has announced export controls on its rare-earth supply chain, triggering a global response. This move could have significant implications for the technology industry, which relies heavily on these critical materials. In another development, the head of Apple's ChatGPT-like search effort has departed the company, dealing a setback to its AI ambitions. This comes as the tech industry continues to navigate the rapidly evolving landscape of artificial intelligence and its potential impact on various sectors. Overall, the news highlights the dynamic nature of the semiconductor industry, the ongoing geopolitical tensions surrounding critical resources, and the challenges faced by tech giants in the race for AI dominance.