Taiwan Semiconductor Manufacturing Co, the main producer of advanced chips used in artificial intelligence applications, is expected to report a 30% rise in second-quarter profit on Thursday thanks to soaring demand. The world’s largest contract chipmaker, whose customers include Apple and Nvidia, has benefited from a surge towards AI that has pushed TSMC’s stock – and the broader Taiwan market – to record highs. TSMC is set to report a net profit of T$236.1 billion ($7.25 billion) for the quarter ended June 30, according to a LSEG SmartEstimate drawn from 20 analysts.
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![Lockheed-Raytheon JV secures $1.3 billion Javelin missile contract from U.S. Army](https://thatisgoodtoknow.com/wp-content/uploads/2024/09/2e6ef97593a4672d7001efdcdde3255b.jpg)
Lockheed-Raytheon JV secures $1.3 billion Javelin missile contract from U.S. Army
Since then, the joint venture has been ramping up Javelin production, with plans to reach an annual manufacturing capacity of around 4,000 missiles by late 2026. The new contract includes the production of more than 4,000 Javelins specifically to replenish stocks sent to Ukraine, the Maryland-based defense contractor said. Source