Chip giant TSM beats earnings.

We'll dive into its results as the sector contends with export restrictions and looming tariffs.

Plus, Japan and Italy try to find common ground with the White House on trade and why the dollar's recent slide is becoming the rest of the world's problem.

It's going to be harder to sell to America. So that's a big problem for foreign economies

when they're already facing Trump's tariffs. And the weakness of the dollar is really the last

thing they need right now. It's Thursday, April 17th. I'm Luke Vargas for the Wall Street Journal.

And here is the AM edition

of What's News, the top headlines and business stories moving your world today.

Global markets are finding their footing a day after a tech stock-fueled route on the NASDAQ

that was triggered by deepening trade restrictions

targeting chip industry leaders, Nvidia, and AMD.

Should the Chinese market remain off-limits, it could spell challenging times ahead for the biggest names in semiconductors.

Though for one of the hottest sectors in recent years, there continues to be ample news to get excited about,

including from Taiwan Semiconductor Manufacturing Co.

The world's largest contract chipmaker, whose clients include Apple and NVIDIA reported earnings

this morning, beating analyst estimates on a 60% jump in profits.

Randy Abrams is head of Taiwan research at UBS, and he joins us this morning from Taipei.

Randy, what jumped out to you from TSMC's latest update?

We've just gotten off the earnings call on a week of rather rocky updates from leading names in the chips industry.

They are the largest outsource semiconductor manufacturer, really for a lot of the major

chip companies, Nvidia, Qualcomm, Broadcom, Apple.

And for that, they set the stage for how the outlook is.

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