In a notable fiscal update, Taiwan Semiconductor Manufacturing Company (TSMC) disclosed impressive annual revenue gains. According to their December report, the firm recorded a monthly revenue of 278.16 billion New Taiwan dollars, marking a 0.8% rise from the previous month and a significant 57.8% increase from the same month the previous year.

The chip giant credited its robust financial performance to the rising demand for AI-related hardware, which heavily relies on TSMC’s cutting-edge manufacturing capabilities. Analysts concur, emphasizing the correlation between advanced manufacturing processes and the upsurge in revenue.

In other regional news, China has revealed an extensive digital infrastructure strategy targeting holistic data interchange across various sectors by 2029. The initiative, oriented around unified standards and seamless data transmission, aims to solidify national connectivity and integration.

Meanwhile, Singapore has implemented a radical legal measure to counter financial scams, allowing the police to commandeer the bank accounts of victims to prevent further losses. This law, part of the new Protection From Scams Bill, underscores an urgent response to the prevalent and persistent scam threats within the city-state.

On the business front, Fujitsu has divested its air-conditioning division to concentrate on digital transformation. By offloading its non-essential aircon business to Paloma Rheem Holdings, Fujitsu commits to enhancing its tech offerings amid current economic uncertainties.