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VOICE ARCHIVE

Peter Elstrom

@pelstrom
154 posts
2026-01-15
“You're trying to ask us whether AI demand is real or not. I'm also very nervous about it,” said TSMC's CEO after strong earnings. “We're investing $52 billion to $56 billion in capex, right? If we don't do it carefully, that'd be a big disaster for TSMC.” https://www.bloomberg.com/...
2026-01-15 View on X
Reuters

TSMC reports Q4 net profit up 35% YoY to a record ~$16B, above $15.17B est., as it benefited from surging demand for AI chips and hit $100B in 2025 revenue

TSMC, the world's largest contract chipmaker, posted a 35% jump in fourth-quarter net profit on Thursday, beating market forecasts and hitting a record …

“You're trying to ask us whether AI demand is real or not. I'm also very nervous about it,” said TSMC's CEO after strong earnings. “We're investing $52 billion to $56 billion in capex, right? If we don't do it carefully, that'd be a big disaster for TSMC.” https://www.bloomberg.com/...
2026-01-15 View on X
Culpium

Sources: Apple now needs to fight for TSMC production capacity amid the AI boom; Nvidia was likely TSMC's top customer in at least one or two quarters in 2025

Here Are 3 ETFs That Cut Magnificent 7 RiskAdam Clark /Barron's Online:Nvidia Stock Pops. Trump, TSMC Are Boosting the AI Chip Maker.Laura Bratton /Yahoo Finance:Chip stocks jump a...

2025-11-19
Bloomberg visited Tsinghua University to talk with students, professors and researchers about AI. China's top science and engineering school is buzzing after DeepSeek, with newfound confidence about competing with — or beating — the world's best. https://www.bloomberg.com/...
2025-11-19 View on X
New York Times

CEIP study: 87 of the top 100 Chinese AI researchers who were working in the US in 2019 are still doing research at US universities or companies in 2025

Although some Silicon Valley executives paint China as the enemy, Chinese brains continue to play a major role in U.S. research.

Bloomberg visited Tsinghua University to talk with students, professors and researchers about AI. China's top science and engineering school is buzzing after DeepSeek, with newfound confidence about competing with — or beating — the world's best. https://www.bloomberg.com/...
2025-11-19 View on X
Bloomberg

A look at Tsinghua University, which leads China's AI innovation, with 4,986 AI patents between 2005 and 2024, alumni behind startups like DeepSeek, and more

this university might be winning the AI race, and you've probably never heard of it X: Saritha Rai / @saritharai : BIG TAKE Xi Jinping's university drives China's AI boom, filing m...

2025-11-11
SoftBank is spooking investors today with the sale of its entire stake in Nvidia for about $6 billion. So is Son getting worried about the AI boom? That's not what's happening. The company needs more cash so it can make its own ambitious AI investments. https://www.bloomberg.com/...
2025-11-11 View on X
Financial Times

SoftBank sold its entire Nvidia stake, or ~32M shares, in October for $5.8B and part of its T-Mobile stake for $9.2B, boosting Q2 profit to $16.2B, above est.

Net profit doubles to $16bn on gains from OpenAI and PayPay holdings  —  Masayoshi Son's SoftBank Group has sold its entire stake …

2024-10-17
Scoop: The EU has warned X that it may calculate fines against the social-media platform by including revenue from Elon Musk's other businesses. That would significantly increase the potential penalty for violating content moderation rules. https://www.bloomberg.com/...
2024-10-17 View on X
Bloomberg

Sources: the EU warns X that it may calculate fines against X by including Elon Musk's other companies' revenue; the DSA can fine 6% of global annual revenue

- Commission may base fine on revenue from Musk's ventures  — Investigators haven't come to a conclusion about fining X

TSMC is extending its leadership in the chip industry, topping estimates and raising guidance for the year. It's benefiting from the AI boom while Intel and Samsung struggle. A breakdown: https://www.bloomberg.com/...
2024-10-17 View on X
Bloomberg

TSMC reports Q3 revenue up 39% YoY to ~$23.6B and net income up 54.2% YoY to ~$10.1B, both above estimates, boosted by strong sales of Nvidia AI chips

From AGI to GPT, an AI Glossary You Can Actually Understand … Hello World … Quicktake

2024-05-28
China has set up the country's largest-ever semiconductor investment fund to propel development of the domestic chip industry, a $47.5 billion effort achieve self-sufficiency as the US seeks to restrict its growth. From @GaoYuan86 https://www.bloomberg.com/...
2024-05-28 View on X
Reuters

China set up a new ~$47.5B state-backed investment fund on May 24 as the third and largest phase of its Big Fund to boost the country's semiconductor industry

2024-05-27
China has set up the country's largest-ever semiconductor investment fund to propel development of the domestic chip industry, a $47.5 billion effort achieve self-sufficiency as the US seeks to restrict its growth. From @GaoYuan86 https://www.bloomberg.com/...
2024-05-27 View on X
Reuters

China set up a new ~$47.5B state-backed investment fund on May 24 as the third and largest phase of its Big Fund to boost the country's semiconductor industry

China has set up a new state-backed investment fund with registered capital of 344 billion yuan ($47.5 billion) to boost the country's semiconductor industry.

2024-05-10
Deep dive here into Masayoshi Son's shifting focus from Vision Fund deals to chips and AI. The Vision Fund has quietly sold off or written down at least $29 billion in assets since the end of 2021. via @leeminjeong83 @meiyume https://www.bloomberg.com/...
2024-05-10 View on X
Bloomberg

Filings: SoftBank's Vision Fund's US portfolio has shrunk by almost $29B since the end of 2021 as, sources say, Masayoshi Son plans forays into AI and chips

Masayoshi Son turns away from aggressive style of venture capital investing, leaving the fund's reduced staff as mostly caretakers.

2023-11-15
Apparently, OpenAI's developer conference went pretty well. Sam Altman says they are pausing the addition of new ChatGPT Plus users because demand has been overwhelming. Details here: https://www.bloomberg.com/...
2023-11-15 View on X
Search Engine Journal

Sam Altman says OpenAI is pausing new ChatGPT Plus signups “for a bit” as “the surge in usage post devday has exceeded our capacity”

OpenAI has paused new ChatGPT Plus signups due to overwhelming demand for new features introduced at recent DevDay conference. Source: @sama .

2023-11-06
The Beijing startup hit unicorn status after a funding round that included Alibaba's cloud unit. Lee, CEO of venture firm Sinovation will also be CEO of the new startup. He began assembling the team for https://01.ai/ in March and started operations in June.
2023-11-06 View on X
Bloomberg

Chinese startup 01.AI, launched in March 2023 by computer scientist Kai-Fu Lee, reaches a $1B+ valuation and releases its AI model Yi-34B in Chinese and English

Train  —  Use in Transformers … The first public release contains two bilingual … Pandaily : Kai-Fu Lee's 01.AI Releases A Large-scale Model Yi-34B Worth Over $1 Billion Matthias B...

“Llama 2 has been the gold standard and a big contribution to the open-source community,” Lee, 61, said in an interview. “We want to provide a superior alternative not just for China but for the global market.”
2023-11-06 View on X
Bloomberg

Chinese startup 01.AI, launched in March 2023 by computer scientist Kai-Fu Lee, reaches a $1B+ valuation and releases its AI model Yi-34B in Chinese and English

Train  —  Use in Transformers … The first public release contains two bilingual … Pandaily : Kai-Fu Lee's 01.AI Releases A Large-scale Model Yi-34B Worth Over $1 Billion Matthias B...

ASML has had a monopoly on the highest-end EUV chipmaking equipment, allowing it to charge more than $100 million for a single machine. Now Canon plans to compete with by offering alternatives at one tenth the cost. Via @6d6f636869 https://www.bloomberg.com/... via @technology
2023-11-06 View on X
Bloomberg

Canon CEO Fujio Mitarai says the company's nanoimprint chip machines will cost “one digit less than ASML's EUVs”, adding that Canon has not set final pricing

Canon Inc.'s new lithography technology (nanoimprint) came to market last month, and can be a cheaper (but a slower) alternative to ASML's EUV technology. … Bert Verrycken : Is #ca...

2023-10-25
China's effort to reassure everyone about the investigation into Foxconn, the maker of the world's iPhones, is not that reassuring. Here are the first official comments on an inquiry into Apple's most important partner. via @PhilipGlamann @debbywuintaipei https://www.bloomberg.com/...
2023-10-25 View on X
Bloomberg

China says its Foxconn probe is “normal law enforcement” activity and urges Taiwanese firms to “play a more active role” in promoting peaceful cross-strait ties

- Beijing makes its first comment on inquiry into Apple partner  — China denies it is intervening in Taiwan's presidential race

KKR just pulled off what many PE firms have tried — and failed — to do in Japan for decades. It acquired a neglected division of a Japanese conglomerate, overhauled operations and then took the company public for what looks like a sizeable return. A🧵: https://www.bloomberg.com/...
2023-10-25 View on X
Financial Times

Kokusai Electric jumps as much as 32% in its Tokyo IPO, valuing the chip equipment maker at $3.6B, after raising ~$721M; KKR reduced its stake from 73% to 48%

and failed — to do in Japan for decades. It acquired a neglected division of a Japanese conglomerate, overhauled operations and then took the company public for what looks like a s...

Then she hinted the inquiry may involve aspects beyond business. “While Taiwan businesses enjoy growth on the mainland, they should also assume corresponding social responsibilities and play a more active role in promoting peaceful development of cross-strait ties.”
2023-10-25 View on X
Bloomberg

China says its Foxconn probe is “normal law enforcement” activity and urges Taiwanese firms to “play a more active role” in promoting peaceful cross-strait ties

- Beijing makes its first comment on inquiry into Apple partner  — China denies it is intervening in Taiwan's presidential race

China called the investigation a routine police matter. “The probes into whether companies are abiding by laws are normal law-enforcement activities, and in line with laws and regulations,” said a spokeswoman for the government department in Beijing that handles ties with Taiwan.
2023-10-25 View on X
Bloomberg

China says its Foxconn probe is “normal law enforcement” activity and urges Taiwanese firms to “play a more active role” in promoting peaceful cross-strait ties

- Beijing makes its first comment on inquiry into Apple partner  — China denies it is intervening in Taiwan's presidential race

2023-10-23
China authorities are again shaking confidence of foreign firms with a series of arrests and a probe into Foxconn, Apple's most important partner. Beijing had been trying to signal support for private enterprise, with a housing crisis hurting its economy https://www.bloomberg.com/...
2023-10-23 View on X
Financial Times

The Global Times: China opens a Foxconn investigation over tax and land use, inspecting Guangdong, Jiangsu, Henan, and Hubei sites; Foxconn plans to cooperate

Tax authorities said to have inspected a number of the Apple supplier's sites in provinces  —  China has launched an investigation …

2023-10-12
A few years ago, Singapore looked like a rising center for tech startups. Not anymore. @yoolimleenews takes a deep dive into the troubles at Grab to explain the struggles in creating Asia's Silicon Valley. https://www.bloomberg.com/...
2023-10-12 View on X
Bloomberg

Singapore's biggest tech hopes, Grab, Sea, and Razer, have stumbled, which may show why VCs were premature in calling Singapore the “Silicon Valley of Asia”

Yoolim Lee / Bloomberg : X: @clemtan , @alexmacgregor__ , @yoolimleenews , and @pelstrom . LinkedIn: Ethan Tan X: @clemtan : The rough journey of an Uber-like ride-hailing company...