2026-04-17 18:01:59
China's Yuanjie Hits Record High as Chipmakers Rally on Strong AI Demand; TSMC Posts 58% Profit Jump
Yuanjie, a Chinese laser chip company, surged 9.6% to top China's stock market, surpassing Kweichow Moutai, which faced its first sales decline in 20 years. Global chipmakers like TSMC posted strong earnings driven by AI demand, while European startups pursue Nvidia alternatives amid new U.S. tech restrictions on China.