The stunning rise of Nvidia to become the first publicly traded company valued at US$4 trillion underscores the massive importance to the stock market of the AI chipmaker and the technology sector. Reaching the lofty milestone caps a massive run for Nvidia's stock price,

TAIPEI (Reuters) -TSMC, the world's largest contract chipmaker, reported on Thursday second-quarter revenue of T$933.80 billion ($31.9 billion), beating market forecasts, as demand for the company's products leaps on surging interest in artificial intelligence (AI) applications.

Nvidia has rebounded about 74% from its lows in April, when global markets were jolted from U.S. President Donald Trump's tariff volley.

The latest result topped an LSEG SmartEstimate of T$927.831 billion drawn from 21 analysts, and was also better than the guidance of $28.4 billion to $29.2 billion issued by TSMC in April. TSMC will report full second-quarter earnings on July 17,

U.S. chipmaker GlobalFoundries Inc. is moving into the RISC-V processor business after announcing plans to buy the chip developer MIPS Technology LLC for an undisclosed price.

European Union-backed chipmaker SiPearl has raised €130 million ($152 million) from investors including Taiwan’s Cathay Venture, as Europe pushes for technological sovereignty.

Paris-based Sequans Communications said it raised $384 million, which it will use to begin a bitcoin treasury.