Evening Scan

The chip trade keeps flowing, just through different ports. Meanwhile, TSMC's monster quarter confirms AI demand isn't cooling off anytime soon.

$100B — Google's SpaceX stake could be worth this much if Musk hits his $2T IPO target.. (Bloomberg)

TSMC reports Q1 revenue up 35.1% YoY to ~$35B, net income up 58.3% YoY to ~$18B, both above est., and says 7nm or smaller chips were ~74% of its wafer revenue

TSMC's earnings suggest AI chip demand has no obvious ceiling. (CNBC)

Analysis: China's chipmaking tool imports from Singapore rose 17% YoY to $5.7B in 2025 and from Malaysia rose 2x+ to $3.4B; direct US imports fell 34% to ~$2B

Trade wars don't stop trade, they just create more interesting shipping routes. (Nikkei Asia)

DeepL, known for text translation, now wants to translate your voice

The German translation startup is betting real-time voice could be its Zoom integration moment. (TechCrunch)

Microsoft's new Xbox chief starts making her mark

After years of strategy whiplash, there's apparently hope inside the Xbox org again. (The Verge)

“This is a moment where I get to bond with 4,000 of my closest friends.” — Warner Bros.' Jeff Goldstein on CinemaCon