TSMC Reports 38.6% Year-on-Year Sales Increase in Q2, Exceeding Forecasts

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Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, announced second-quarter revenue of NT$933.8 billion ($31.9 billion), surpassing market expectations. This represents a 38.6% increase compared to NT$673.5 billion recorded in the same period last year.

The strong performance exceeded the LSEG SmartEstimate consensus of NT$927.8 billion from 21 analysts, as well as TSMC’s own April guidance, which forecasted revenue between $28.4 billion and $29.2 billion. The company is set to release its full Q2 earnings report, including outlooks for the current quarter and full year, on July 17.

TSMC has benefited significantly from the growing demand for artificial intelligence (AI) technologies, with major customers such as Nvidia relying on its advanced chip manufacturing capabilities.

UK Police Arrest Four Suspects Over Cyberattacks on M&S, Co-op, and Harrods

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Four individuals under the age of 21 have been arrested in connection with cyberattacks that disrupted operations at major UK retailers Marks & Spencer (M&S), the Co-op, and Harrods, the National Crime Agency (NCA) announced on Thursday. The most severe incident occurred in April when a ransomware attack forced M&S to halt online clothing sales for nearly seven weeks, resulting in an estimated £300 million ($400 million) loss in operating profit.

The arrested suspects include three males aged 17, 19, and 19, and a 20-year-old woman. They were detained at their homes in the West Midlands and London. The NCA said they face allegations including offenses under the Computer Misuse Act, blackmail, money laundering, and involvement in organized crime. Authorities also seized their electronic devices, and the suspects are currently being questioned by the NCA’s National Cyber Crime Unit.

M&S Chairman Archie Norman revealed to lawmakers that the company had engaged with the U.S. FBI regarding the cyberattack. He suggested that loosely connected groups, possibly led by a hacking collective known as DragonForce, were behind the incidents. Norman also advocated for UK businesses to be legally mandated to report significant cyberattacks, noting that some major breaches recently went unreported.

M&S resumed online clothing orders on June 10 after a 46-day suspension, although click-and-collect services remain offline. CEO Stuart Machin expressed confidence that the company would be through the worst of the attack’s impact by August.

Dubai to Launch WOOHOO, a Restaurant Featuring an AI Chef

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Dubai is set to introduce WOOHOO, a restaurant promising a futuristic dining experience, opening in September near the iconic Burj Khalifa. While human cooks will prepare the dishes for now, the restaurant’s menu, ambiance, and service will be orchestrated by “Chef Aiman,” an AI culinary model.

Chef Aiman—named by combining “AI” and “man”—has been trained on decades of food science, molecular data, and over a thousand recipes from global cuisines, explained Ahmet Oytun Cakir, one of WOOHOO’s founders. Although Aiman cannot taste or smell dishes like a traditional chef, it analyzes key culinary elements such as texture, acidity, and umami to create innovative flavor and ingredient combinations.

Human chefs, led by acclaimed Dubai-based chef Reif Othman, then refine these AI-generated recipes by tasting and providing feedback. This collaboration helps improve Aiman’s understanding beyond data alone. Aiman stated in an interview that its role is to complement, not replace, human creativity in cooking.

The AI is also programmed to develop recipes that make use of ingredients often discarded in kitchens, like meat trimmings and fats, aiming to reduce food waste. The founders hope that in the future, Aiman’s technology could be licensed worldwide to help restaurants boost sustainability and creativity.