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WSJ Tech News Briefing

TNB Tech Minute: TSMC Revenue Beats Forecasts

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.61.6K Ratings

🗓️ 10 April 2024

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus: Bang & Olufsen adjusts its investments in Europe and China. And Blizzard plans to bring its videogames back to China. Alex Ossola hosts. Listening on Google Podcasts? Here's our guide for switching to a different podcast player. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

The less your business spends the more margin you keep.

0:03.5

Net Suite by Oracle brings accounting, finance, inventory, and HR into one proven platform,

0:09.5

helping you reduce costs everywhere.

0:12.0

Now through April 15th, Net Suite is offering a one-of-a-kind flexible financing program.

0:17.9

So head to Net Suite.com

0:19.4

slash Wall Street right now.

0:21.2

Here's your TnB Tech Minute for Wednesday, April 10th. I'm Alex

0:27.1

Oscela for the Wall Street Journal. Taiwanese chipmaker T.S. M.C. has

0:31.4

reported a better than expected rise in quarterly sales.

0:34.9

The world's biggest contract chipmaker said it made about $590 billion new Taiwan dollars,

0:40.4

the equivalent of more than $18.4 dollars in the first three months of the year,

0:44.9

beating analyst expectations. It also said its revenue in March rose 34.3 percent compared with last year.

0:52.0

Shares rose just over a half percent.

0:55.0

Danish Consumer Electronics Company Bang and Olafsen

0:58.0

is adjusting its investments as markets struggle in Europe and China.

1:02.0

The company said macroeconomic conditions in key markets in Europe and China. The company said macroeconomic conditions in key markets in Europe haven't improved as the company expected,

1:07.4

which has impacted sales.

1:09.3

Last month, the company cut its full year guidance, expecting revenue to fall by between 5 and 8 percent in its fiscal full year.

1:16.0

And Blizzard is planning to bring its blockbuster game titles back to the mainland Chinese market this summer.

1:22.0

It's doing so via a renewed partnership with Chinese

1:24.9

Internet technology company NetEase. The deal includes Blizzard Games World of Warcraft, Heathstone,

1:30.6

and other titles in the Warcraft, Overwatch, Diablo, and Starcraft universes,

...

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