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TSMC profit surges 61% to record high fueled by AI chip demand

cnbc.com Dylan Butts 2025-07-21 19:09:14

A motorcycle is seen near a building of the Taiwan Semiconductor Manufacturing Company (TSMC), which is a Taiwanese multinational semiconductor contract manufacturing and design company, in Hsinchu, Taiwan, on April 16, 2025. Taiwan Semiconductor Manufacturing Company on Thursday reported a near 61% year-on-year rise in second-quarter profit, hitting a record high and beating estimates, as demand for artificial intelligence chips stayed strong. The world's largest contract chip manufacturer fo

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GMC Hummer EV outsold the Tesla Cybertruck last quarter

techcrunch.com Sean O'Kane 2025-07-22 23:19:29

Sales of Tesla’s Cybertruck have plummeted from their peak last year, to the point that the hulking (and expensive) GMC Hummer EV outsold the polarizing steel-clad curiosity in the second quarter. Tesla sold just 4,306 Cybertrucks in the second quarter, just shy of the 4,508 Hummers that GMC moved in the same period, according to new data from Cox Automotive. Both were beat by Ford’s F-150 Lightning, which once again became the best-selling electric truck in the U.S. in the first quarter, beat

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IDC: Mac shipments up 21% in Q2, but U.S. sales stalled ahead of tariff deadline

9to5mac.com Marcus Mendes 2025-08-04 23:28:11

According to a preliminary report issued by IDC today, Apple saw the strongest year-over-year growth during Q2 compared to its closest competitors in the PC market, except in the U.S., where sales basically flatlined. Here are the details Based on today’s numbers, Apple outpaced the competition by a lot, with 21.4% growth year-over-year. However, it came up once again in fourth place with 9.1% market share. In practice, that translated to 6.2 million PCs shipped worldwide, up from 5.1 million

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Lucid sales inch forward as EV maker pushes to ramp Gravity production

techcrunch.com Kirsten Korosec 2025-08-13 23:47:08

Lucid delivered 3,309 vehicles in the second quarter, a 6% increase in sales from the previous period and a new sales record for the EV maker. Lucid also reported it produced 3,863 vehicles in the second quarter, nearly 1,000 more than it made in the previous period. Lucid produced 2,212 vehicles in the first quarter and shipped another 600 additional vehicles to Saudi Arabia for final assembly. The delivery and accompanying production figures show Lucid has maintained — and even made some pro

Topics: company lucid production quarter vehicles
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Tesla's energy storage business gets sucked into the company's downward spiral

news.ycombinator.com Tim De Chant 2025-08-14 02:38:14

Even Tesla’s energy storage business, which has been a small, yet notable bright spot, can’t escape the cloud that’s hanging over the company. For the second consecutive quarter, deployments of its Powerwall and Megapack stationary storage products have declined, according to stats released by Tesla. In the second quarter of this year, the company installed 9.6 gigawatt-hours of storage, down 0.8 gigawatt-hours from the first quarter. Tesla’s energy storage division peaked in the fourth quarte

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Tesla’s energy storage business gets sucked into the company’s downward spiral

techcrunch.com Tim De Chant 2025-08-14 11:35:17

Even Tesla’s energy storage business, which has been a small, yet notable bright spot, can’t escape the cloud that’s hanging over the company. For the second consecutive quarter, deployments of its Powerwall and Megapack stationary storage products have declined, according to stats released by Tesla. In the second quarter of this year, the company installed 9.6 gigawatt-hours of storage, down 0.8 gigawatt-hours from the first quarter. Tesla’s energy storage division peaked in the fourth quarte

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Tesla reports 14% decline in vehicle deliveries, marking second straight year-over-year drop

cnbc.com Lora Kolodny 2025-08-15 07:29:44

Tesla Model Y electric vehicles are collected from the Tesla Gigafactory Berlin-Brandenburg by a car transporter. Tesla reported over 384,000 vehicle deliveries in the second quarter, a 14% decline from a year ago, and the second straight quarterly drop. Shares rose 5%. The electric vehicle maker reported 443,956 deliveries and production of 410,831 vehicles during the same period last year. Here are the key numbers: Total deliveries Q2 2025: 384,122 vehicles Total production Q2 2025: 410,

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Rivian receives the next $1B from Volkswagen as sales struggles continue

techcrunch.com Sean O'Kane 2025-08-15 07:00:48

Rivian has hit a milestone in its agreement with German automotive giant Volkswagen that will bring $1 billion into the EV startup’s coffers in the form of a share sale. Rivian also announced Wednesday that it delivered 10,661 vehicles in the second quarter. That represents a 23% drop in sales from the second quarter of 2024, and only a slight improvement over Rivian’s rough first quarter, when it delivered 8,640 EVs. The company has already lowered its sales target for 2025 as a result of Pres

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Tesla faces second straight year of falling sales after another bad quarter

techcrunch.com Sean O'Kane 2025-08-15 07:14:13

Tesla delivered 384,122 vehicles in the second quarter of this year, wrapping up another weak quarter for the company as it struggles to bring the pace of sales back up to 2023 levels. That represents a 13.5% drop from the number of cars Tesla delivered in the second quarter of 2022, and it means Tesla runs a real chance of underperforming its total sales figure from 2024. If that happens, it would mean Tesla’s sales will have fallen two years in a row — despite the company once promoting the a

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The electric Hummer is almost outselling the F-150 Lightning

techcrunch.com Sean O'Kane 2025-08-16 19:00:00

General Motors sold 4,508 electric Hummer trucks and SUVs in the second quarter in the U.S., putting it close to Ford’s F-150 Lightning despite a price gap in the tens of thousands of dollars. The Hummer sales were part of a banner quarter for GM’s electric vehicles, making it one of the only automakers that saw a genuine year-over-year uptick in U.S. EV sales, according to data released Tuesday. The company sold 17,420 electric Equinox SUVs, 3,056 electric Silverado pickups, 6,549 Blazer EVs,

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Ford EV sales fall 31% while hybrids rise

techcrunch.com Sean O'Kane 2025-08-17 07:22:46

Ford saw a 31% drop in U.S. sales of electric vehicles in the second quarter of 2025, led by a collapse of E-Transit vans and declining popularity of the F-150 Lightning. At the same time, hybrid sales jumped more than 23% compared to last year. Halfway through the year, and the company has sold just 38,988 electric vehicles — down nearly 12% from where Ford’s EV sales stood at the same point in 2024. That’s despite overall sales being up, thanks in part to the company’s aggressive employee pri

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US economy shrank 0.5% in the first quarter, worse than earlier estimates

news.ycombinator.com Unknown 2025-08-23 07:23:40

WASHINGTON (AP) — The U.S. economy shrank at a 0.5% annual pace from January through March as President Donald Trump’s trade wars disrupted business, the Commerce Department reported Thursday in an unexpected deterioration of earlier estimates. First-quarter growth was weighed down by a surge of imports as U.S. companies, and households, rushed to buy foreign goods before Trump could impose tariffs on them. The Commerce Department previously estimated that the economy fell 0.2% in the first qua

Topics: consumer economy gdp quarter spending
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