An island shaped like a leaf at the Meeting Point of four seas. Between the 1960s and the 1990s, taiwan underwent massive industrialisation in what has become known as the taiwan miracle. Huge tech firms grew, becoming household names asus, htc, acer. At the centre of this was the semiconductor industry, led by a company you have probably never heard of tsmc. It is one of the Largest Semiconductor manufacturers in the world, producing the chips inside some of the best phones, including the iphone 11. It is most likely if you have a smartphone, you have something made by tsmc. And these chips were only made possible thanks to the discovery of semiconductors. Why are Semiconductors Important or interesting . Because it changes your life. With factories, or fabs as they are known across the globe, the largest is here in taiwan. And we have been granted exclusive access to see just how those chips that form the heart of our Electronic Devices are created. But before we could go into the fa
Of low pressure working its way gcioss of low pressure working its way across the uk today. Thats going to bring some very strong winds, with just potentially up to 80 mph for parts of southern england. Some heavy rain and the forecast as well. Ill have all the details in the next half an hour. It is saturday 2 november. Our top story the wait is almost over. In just a few hours time, england will take on south africa in a historic Rugby World Cup final injapan. Thousands of england fans have made the journey to the stadium in yokohama, with millions more expected to watch and listen to the game here. It is the first time england have reached the final since 2007. Adam wild reports. It is the games guest prize. Both england and south africa knowjust what victory feels like. Both desperate to go there again. The teams of 2019 now carry that weight of hope and of expectation. England, on the other side of the world, with a chance to showjust how far they have come. Weve had four years to
Heavy rain, very strong winds, but equally along the south coast of the country. But today part two of the weekend is looking much better. We will see later winds, some sunshine, but light winds and the forecast. I will have all the details later on. Good morning. Its sunday, november 3. Our top story as the general Election Campaign gets into full swing, labour and the conservatives are making big spending pledges. Borisjohnson has promised to end the benefits freeze in place since 2016, whileJeremy Corbyn is proposing to insulate almost every home in the uk, which labour say will create hundreds of thousands ofjobs. Heres our political correspondent, nick eardley. Over the next few weeks we are going to hear a lot from our politicians about what they would do with power and big spending pledges are starting already. Today the government is saying it will end the benefits freeze in april next year. Its been in place since 2016 and has meant things like universal credit and allowance h
Market cap year alone ed and while ways chip huaweis ship that used technology from two u. S. Manufacturers. Caroline a macro environment paints the picture of a Good Environment that is not so hot that the fed cannot pull back on rates. 6 10 percent higher on the nasdaq, a new record high for the nasdaq and s p 500. Yes, tech leads the charge and ai is the area of focus, but we cvs see the s p push higher. What else do we see it clips . The record we saw on bitcoin. We get a new number. 70,000 is where we managed to push up to, we are back down briefly, but this seems to have legs. Ed, what do you have going . Ed lets start with rivian a day two, feelgood vibe after it unveiled its are two. For me pausing plans for a new factory in georgia. Broadcom earnings, sales missed in the order, but their outlook for this fiscal year is saying that ai is going to contribute to growth early 5 . Theyd previously said 25 . These are the u. S. Chip makers that are implicated in this scoop from bloo
What it will take for the stocks to shift gears. And a problem with oil. Extending oil cuts through the end of the year. From new york, im alix steel with guy johnson. Welcome to Bloomberg Markets. It has been a pleasure. You look great. It is nice to see you back. We missed you. Guy i am back from greece where it is raining and very hot now in london. I feel like i am doing something right. Alix you made it through the strikes. Guy i made it. I think the story with strikes around the auto sector and with the airline sector, i think they are synonymous. These are industries that have pushed back really hard on their staff over a number of years and they are now paying the price. We have data coming in. We have got the ecb coming up next week. 2. 1 out of the states. Durable goods 5. 2 . That is right in line with expectations. Extransport coming up at 0. 4 . The durable goods numbers are in line. The factory numbers look good as well. I do not think the market will react much. The oil