TSMC expressed concerns about ASML's high-priced advanced chip machines, despite its appreciation for their capabilities. TSMC will stick to older technology for now, citing economic considerations. The company is also building a chip plant in Germany with EU and German support. TSMC reported strong revenue growth in the first quarter.
Converse is reportedly reducing its workforce as part of Nike's $2 billion cost-saving plan. The layoffs, affecting 2% of Nike's global workforce, include cuts at Converse's Boston base. This move aims to streamline operations and support future growth while incorporating Nike technology into Converse products.
On Tuesday, Cathie Wood’s Ark Invest made some significant trades, notably buying shares of Shopify Inc (NYSE:SHOP) and selling off Block Inc (NYSE:SQ) stocks.