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Taiwan chipmaker TSMC says quarterly profit up 78%

TAIPEI, Taiwan — Taiwan Semiconductor Manufacturing Co., the biggest contract manufacturer of processor chips for smartphones and other products, said Thursday its quarterly profit rose 78% over a year earlier but forecast weak demand this year. Revenue for the final…

China’s 2022 auto sales rise 9.5% but growth weakening

BEIJING — China’s auto sales rose 9.5% last year as electric vehicle purchases nearly doubled, but demand in the global industry’s biggest market slumped in December, foreshadowing weaker growth this year, a trade group reported Thursday. Sales of SUVs, sedans…