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TSMC Jan-Feb revenue rises 30% amid strong global AI demand. (00:13) Archer (ACHR) accuses Joby (JOBY) of defrauding U.S. government, hiding China ties in countersuit. (01:14) FAA ends ground stop on JetBlue Airways (JBLU) flights. (02:26)
This is an abridged transcript.
Taiwan Semiconductor Manufacturing (TSM) on Tuesday reported combined revenue of NT$718.91 billion ($22.6B) for January-February 2026, up roughly 30% from the same period a year earlier, driven by continued global investment in AI technologies.
For February alone, revenue came in at roughly NT$317.66 billion ($10B), down 20.8% from January but up 22.2% from a year ago.
TSMC, which produces chips for some of the world’s largest tech companies, including Apple (AAPL), Nvidia (NVDA), and AMD (AMD), last week said it does not expect any significant impact currently from the U.S.-Israel-Iran conflict, and continues to closely monitor the situation.
TSM closed 2.9% higher on Monday and is up 1.1% in premarket action.
Archer Aviation (ACHR) on Monday filed a countersuit accusing Joby Aviation (JOBY) of defrauding the U.S. government and concealing ties to China to gain a competitive advantage.
In the filing in U.S. federal court, Archer alleged that Joby and its agents “fraudulently misclassified thousands of pounds of Chinese-origin aircraft materials as consumer goods” in an apparent attempt to avoid U.S. tariffs and foreign-influence scrutiny.
The countersuit comes after Joby (JOBY) sued Archer (ACHR) in California state court in November, accusing the company of stealing trade secrets.
Archer hired a former Joby employee who allegedly took confidential information about its business strategies, partnerships, and aircraft specifications. The case was moved to U.S. district court in December.
Archer (ACHR) also alleged that Joby received grants and financial support from the Chinese government.
The countersuit was filed the same day the U.S. Department of Transportation announced eight grant programs aimed at accelerating the development of air taxis and drones. Three of the programs list both Joby (JOBY) and Archer (ACHR) as participants.
A ground stop of all JetBlue (JBLU) flights has been lifted.
The airline ordered the groundstop early this morning. It lasted less than an hour. The Federal Aviation Administration canceled the ground stop allowing flights to resume nationwide.
The company said a brief system outage has been resolved.
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The three-day Barclays Global Healthcare Conference begins. Some of the notable companies with presentations or fireside chats include Johnson & Johnson (JNJ), Baxter (BAX), and Medline (MDLN).
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The NEXT Summit New York conference focused on online gambling and sports betting will begin. BetMGM (MGM) (GMVHF) CEO Adam Greenblatt is one of the confirmed speakers.
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TransUnion (TRU) will host an Investor Day event.
Dow, S&P and Nasdaq futures are in the green. Crude oil is down 7.3% at $87. Bitcoin is up 3.9% at $71,000. Gold is up 0.9% at $5,187.
The FTSE 100 is up 1.8% and the DAX is up 2.6%.
The biggest movers for the day premarket: FreightCar America (RAIL) -20% – Shares plunged after the company reported Q4 results that missed expectations.
Economic calendar:
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10:00 am Existing Home Sales
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