year-on-year

TSMC announced the latest monthly data, with revenue in August reaching 514.8 billion New Taiwan Dollars, a year-on-year increase of 53.3%.From January to August 2026, TSMC's consolidated revenue was approximately 3 trillion 386.87 billion New Taiwan Dollars, an increase of 39.3% compared to about 2 trillion 432 billion New Taiwan Dollars in the same period of 2025. In absolute terms, revenue in the first eight months increased by over 95 billion New Taiwan Dollars compared to the same period last year.

According to Visa, its stablecoin annual settlement volume has exceeded 20 billion USD, a year-on-year increase of more than 15 times. In the second quarter, the Visa network has launched over 160 stablecoin-linked card projects, with related payment amounts increasing nearly 200% year-on-year, indicating that stablecoins are accelerating their entry into card payment and settlement scenarios.Visa is collaborating with Credit Coop to provide revolving credit lines denominated in stablecoins for early stablecoin-linked card programs, used for daily Visa settlement funds. Credit Coop locks accounts receivable through Spigot smart contracts, automates repayments, and combines Visa's daily settlement data for credit and risk control, having executed over 9,000 repayments on-chain, with cumulative financing exceeding 2.5 billion USD and zero defaults. Card projects such as Rain, Karta, Moto, and Xplace have all obtained settlement turnover funds through this model, establishing credit records for subsequent large institutional financing.

Visa stated in an official blog post that stablecoin-linked cards are one of the fastest-growing segments of the network. In the second fiscal quarter, over 160 stablecoin-linked card projects launched globally, with payment volumes increasing nearly 200% year-over-year, and an annualized settlement rate exceeding $20 billion, growing more than 15 times year-over-year.Visa pointed out that its collaboration with Credit Coop to launch a stablecoin-based revolving credit tool provides daily settlement funds for early stablecoin card projects, and the borrowing costs for some participating projects have decreased by more than 30%.

Taiwanese DRAM manufacturer Nanya Technology (stock code: 2408) announced on September 2 that its unaudited consolidated net sales for August 2026 were NT$44.690268 billion, a month-on-month increase of 1.88% compared to NT$43.867609 billion in July, and a year-on-year increase of 560.85% compared to NT$6.762501 billion in August 2025.The company also disclosed that its consolidated sales from the beginning of 2026 to date were NT$220.194 billion, a year-on-year increase of 638.19%. Detailed data can be found in the investor relations section of the company's official website or on the Taiwan Stock Exchange website.

Broadcom announced its third quarter results for fiscal year 2026, with adjusted earnings per share of $3.32, exceeding expectations of $3.24; revenue was $29.59 billion, higher than the expected $29.36 billion. Revenue for the quarter grew 86% year-over-year, rising from $15.95 billion in the same period last year to $29.59 billion; net profit increased to $13.09 billion, or $2.68 per share, compared to $4.14 billion, or $0.85 per share in the same period last year.Semiconductor business revenue increased to $16.7 billion, while infrastructure software business revenue was $8.75 billion. The company expects fourth quarter revenue of $34.8 billion, below market expectations of $35.03 billion. CEO Hock Tan stated that the company is expanding its custom chip business with Anthropic, OpenAI, Google, and Meta, including Jalapeno shipments and TPU deployments, aiming for AI revenue of $11.5 billion in fiscal year 2027 and $23 billion in fiscal year 2028. After-hours stock price rose slightly.

The Hong Kong-listed company OSL Group (HKEX:863) announced its interim results for the six months ending June 30, 2026. Total revenue was HKD 55.813 billion, an increase of 65.8% year-on-year; payment business revenue was HKD 49.083 billion, an increase of 69.3%, accounting for 88% of total revenue; total trading volume was HKD 172 billion, an increase of 241.3%; revenue outside of the Asia-Pacific region was HKD 7.8 billion, a tenfold increase year-on-year; adjusted non-IFRS earnings were HKD 331 million, an increase of 75.5% year-on-year.OSL Group's Executive Director and CEO, Kevin Choi, stated that despite a significant market correction in the first half of the year, the company's trading volume and revenue both reached new highs, and noted that it has become the world's largest stablecoin payment infrastructure company by B2B stablecoin payment transaction volume. In 2025, the company completed a strategic upgrade, achieving an annual B2B stablecoin payment volume of USD 12.3 billion. In February 2026, it launched the corporate dollar stablecoin USDGO issued by Anchorage Digital Bank, N.A., with a circulation exceeding USD 800 million in four months, and surpassing USD 1.2 billion by August.During the reporting period, OSL completed the acquisition of Banxa Holdings Inc. in January 2026 and obtained the EU MiCAR license granted by the Austrian Financial Market Authority and the AFSL issued by the Australian Securities and Investments Commission, while also launching the stablecoin payment infrastructure OSL AgentPay aimed at AI agents.

The world's largest electric vehicle manufacturer BYD reported a net profit growth of 30% year-on-year in the second quarter, reaching 8.2 billion yuan (approximately 1.2 billion USD), marking the first increase in five quarters. This data is derived from the half-year performance announced on Friday, slightly exceeding the average expectations of analysts compiled by Bloomberg.During the same period, revenue unexpectedly declined by about 3% to 194.6 billion yuan. The profit growth was attributed to a surge in exports and demand for some higher-priced models, helping it overcome the sluggish Chinese market.

Changxin Technology released its 2026 semi-annual report, with revenue of 150.31 billion yuan in the first half of the year, a year-on-year increase of 873.64%; net profit attributable to shareholders was 77.61 billion yuan, compared to a loss of 2.33 billion yuan in the same period last year; net cash flow from operating activities was 131.16 billion yuan, a year-on-year increase of 2985.64%; gross profit margin was 84.84%, and R&D investment was 6.859 billion yuan, accounting for 4.56% of revenue. As of the end of the reporting period, total assets were 468.078 billion yuan, and net assets were 270.749 billion yuan.The company is the fourth largest DRAM IDM manufacturer globally and the largest in China, with products covering DDR5, LPDDR5/5X, LPDDR6, etc. It has collaborated with leading clients such as Alibaba Cloud, ByteDance, Tencent, Lenovo, Xiaomi, OPPO, and vivo, and the fifth-generation process technology platform is undergoing customer certification. As of June 30, the company held a total of 4,484 domestic patents and 3,400 foreign patents, with 7,491 R&D personnel, accounting for 33.42%. The company has no controlling shareholder or actual controller, with the largest shareholder, Qinghui Jidian, holding 21.67%. The company was listed on the Sci-Tech Innovation Board on July 27, with an issue price of 8.66 yuan per share, and its market value exceeded 3.5 trillion yuan on the first day of trading.

Meituan announced its unaudited consolidated results for the three months and six months ended June 30, 2026. Revenue for the second quarter was 104.643 billion yuan, a year-on-year increase of 14.4%; operating profit was 2.691 billion yuan, with a profit of 2.155 billion yuan during the period, a year-on-year increase of 490.0%; adjusted EBITDA was 4.098 billion yuan, accounting for 3.9% of revenue, a year-on-year increase of 47.3%; adjusted net profit was 2.524 billion yuan, accounting for 2.4% of revenue, a year-on-year increase of 69.0%.Core local business revenue was 71.531 billion yuan, a year-on-year increase of 10.1%, with an operating profit of 5.668 billion yuan and a profit margin of 7.9%; new business revenue was 33.112 billion yuan, with an operating loss of 1.739 billion yuan. The net cash inflow from operating activities in the second quarter was 9.7 billion yuan. As of June 30, 2026, cash and cash equivalents were 104.7 billion yuan, and short-term financial investments were 63.6 billion yuan.Revenue for the first half of the year was 195.682 billion yuan, a year-on-year increase of 10.1%; operating loss was 3.779 billion yuan, with a loss of 4.672 billion yuan during the period; adjusted EBITDA was 1.049 billion yuan, and adjusted net loss was 2.444 billion yuan.

SMIC (Hong Kong Stock 00981, A Share 688981) released its semi-annual report for 2026. The reporting period is from January 1, 2026, to June 30, 2026, and is unaudited. The company achieved operating revenue of 38.635 billion RMB, a year-on-year increase of 19.4%; total profit of 7.133 billion RMB, a year-on-year increase of 96.7%; net profit attributable to shareholders of the listed company of 4.467 billion RMB, a year-on-year increase of 94.2%; net profit attributable to the parent company after deducting non-recurring gains and losses of 2.994 billion RMB, a year-on-year increase of 57.2%.During the same period, the net cash flow generated from operating activities was 20.760 billion RMB, a year-on-year increase of 252.0%; earnings before interest, taxes, depreciation, and amortization (EBITDA) was 24.511 billion RMB, a year-on-year increase of 40.7%. The gross profit margin was 23.2%, an increase of 1.3 percentage points compared to the same period last year; the net profit margin was 16.7%, an increase of 6.3 percentage points; basic and diluted earnings per share were both 0.56 RMB, a year-on-year increase of 93.1%. The board of directors approved the submission of this report on August 27, 2026, and the company has no profit distribution or capital reserve transfer plan.

HashKey Holdings Limited announced its unaudited consolidated interim results for the six months ended June 30, 2026, on August 27. During the reporting period, revenue was HKD 342.5 million, a year-on-year increase of 20.6%; gross profit was HKD 207.5 million, a year-on-year increase of 12.5%; gross margin improved from 51.0% in the second half of 2025 to 60.6%; adjusted losses narrowed by 21.0% to HKD 314.8 million.Revenue from transaction facilitation services was HKD 267.9 million, a year-on-year increase of 38.6%. Platform transaction volume reached HKD 2,822 billion, a year-on-year increase of 31.8%, of which institutional transaction volume was HKD 2,315 billion, a year-on-year increase of 58.8%, accounting for 82.0% of total transaction volume. The on-chain RWA TVL reached HKD 2,678.5 million, a year-on-year increase of 167.8%, and completed Hong Kong's first real estate RWA project and the first regulated silver RWA token. The asset management scale was HKD 5,941.2 million, with segment revenue of HKD 38.84 million, launching stablecoin and Bitcoin financial products as well as the industry's first Bitcoin mining power fund.HashKey was established in 2018 and listed on the Hong Kong Stock Exchange on December 17, 2025. Its business covers transaction facilitation, on-chain services, and asset management. During the period, its wholly-owned subsidiary signed a framework agreement for the acquisition of Singapore's Asia Pacific Exchange, HashKey Capital made a strategic investment in Vietnam's CAEX and led the B+ round of SignalPlus, while deepening cooperation with JPMorgan, DBS, and others.

Bilibili (Nasdaq: BILI, HKEX: 9626) announced its unaudited financial results for the second quarter ended June 30, 2026. The average daily active users (DAU) reached 116.5 million, an increase of 7% year-over-year; the average daily usage time was 113 minutes, with total usage time increasing by 14% year-over-year. Total net revenue was 7.94 billion RMB (approximately 1.17 billion USD), an increase of 8% year-over-year. Among this, advertising revenue was 3.13 billion RMB, an increase of 28% year-over-year; value-added service revenue was 2.97 billion RMB, an increase of 5% year-over-year; mobile game revenue was 1.39 billion RMB, a decrease of 14% year-over-year; and IP derivatives and other revenue was 449.8 million RMB, an increase of 2% year-over-year.Gross profit was 2.95 billion RMB, an increase of 10% year-over-year, with a gross margin of 37.2%, up from 36.5% in the same period of 2025. Operating profit was 372.9 million RMB, an increase of 48% year-over-year. Net profit was 339.1 million RMB, an increase of 55%, with a net margin of 4.3%; adjusted net profit was 703.6 million RMB, an increase of 25%, with an adjusted net margin of 8.9%. Basic earnings per share were 0.82 RMB, and adjusted basic earnings per share were 1.69 RMB. As of June 30, 2026, the total amount of cash and cash equivalents, time deposits, and short-term investments was 24.3 billion RMB.Chairman and CEO Chen Rui stated that the company achieved steady growth, with monthly active users reaching 371 million. CFO Fan Xin noted that this marks the 16th consecutive quarter of improvement in gross margin.

According to SemiWiki, WSTS data shows that the global semiconductor market sales reached $368 billion in the second quarter of 2026, a quarter-on-quarter increase of 35% and a year-on-year increase of 104%, setting a new historical high. The growth is mainly driven by AI demand, with significant quarter-on-quarter increases from memory manufacturers, SK Hynix and Sandisk at 51%, Kioxia at 76%; Nvidia's AI processor business grew 18% quarter-on-quarter, and Broadcom is expected to grow 33% quarter-on-quarter.Kioxia and Sandisk rose to eighth and ninth place globally, respectively, with both companies' revenues growing more than four times year-on-year. Excluding major AI suppliers, the other top 20 semiconductor manufacturers only saw a quarter-on-quarter increase of 9%, with guidance indicating a total quarter-on-quarter growth of about 6% for the third quarter of 2026. The growth expectations for memory manufacturers in the third quarter have clearly slowed down.Based on the latest forecasts, the semiconductor market growth rate for the entire year of 2026 is expected to reach or exceed 90%, with Semiconductor Intelligence predicting a growth of 101% and RCD Advisors predicting 112%; in the storage sector, WSTS expects a growth of 249%, while Gartner predicts 280%. Most institutions expect the growth rate to fall back to the mid-20% range in 2027.

NVIDIA (NVDA.O) Chief Financial Officer stated that the company's sovereign AI business has grown more than twice year-on-year and increased by 35% quarter-on-quarter.

The U.S. July core PCE price index year-on-year is 3.3%, expected 3.30%, previous value 3.30%.

The annual PCE price index for the U.S. in July was 3.7%, higher than the expected 3.6%, and unchanged from the previous value.

MiniMax Group Inc. (Stock Code: 0100) announced its unaudited interim results for the six months ended June 30, 2026. During the reporting period, the group's total revenue was $116.6 million, an increase of 283.1% year-on-year; gross profit was $20.813 million, an increase of 464.8% year-on-year; the loss for the period was $358 million, a narrowing of 11.0% year-on-year; and the adjusted net loss was $293 million, an increase of 111.2% year-on-year.In terms of revenue structure, revenue from open platforms and other AI-based enterprise services was $73.929 million, an increase of 703.1% year-on-year, accounting for 63.4% of total revenue; revenue from AI-native products was $42.644 million, an increase of 100.9% year-on-year. By region, revenue from mainland China accounted for 39.2%, while other regions accounted for 60.8%. Research and development expenses were $296.9 million, an increase of 138.8% year-on-year. Products and services have covered over 230 countries and regions.In terms of business progress, during the reporting period, the company launched MiniMax M3 and upgraded its core model products, followed by the release of MiniMax H3 with open-source weights. The company stated that it will continue to expand model performance and cost boundaries and strengthen the construction of open platforms.

SenseTime Group (0020.HK / 80020.HK) announced its unaudited interim results for the six months ended June 30, 2026. During the period, revenue was approximately 2.911 billion RMB, a year-on-year increase of 23.4%; gross profit was approximately 1.206 billion RMB, with a gross margin of 41.4%, an increase of 2.9 percentage points year-on-year; profit for the period was approximately 617 million RMB, marking the first time a net profit was recorded according to IFRS standards, compared to a loss of approximately 848 million RMB in the same period last year. EBITDA was approximately 1.388 billion RMB, with an adjusted net loss of approximately 386 million RMB, narrowing by 67.3% year-on-year.By business segment, revenue from generative AI was approximately 2.327 billion RMB, a year-on-year increase of 79.9%; revenue from visual AI was approximately 497 million RMB, a year-on-year increase of 13.9%; overseas business revenue increased by 127.0% year-on-year. Recurring revenue was approximately 1.145 billion RMB, a year-on-year increase of 124.4%, accounting for 39.3% of the group's revenue. The company stated that in the first half of the year, it advanced system-level AI capabilities around "one model, one Token factory, and one intelligent agent control system," continuously iterating the daily updated SenseNova multimodal large model, and promoted the strategy from providing models and computing power to scaling the delivery of reliable multimodal intelligent agent capabilities.

According to South Korea's Chosun Ilbo, the export prices of DRAM in South Korea continue to soar, with AI-driven HBM production squeezing the supply of ordinary memory. Data shows that from the 1st to the 20th of this month, the export unit price of DRAM from South Korea reached $92,183 per kilogram, a year-on-year increase of 401%, and approximately 12.5 times higher than the low point in January 2023.Goldman Sachs expects the DRAM supply gap to widen from 5.0% this year to 5.9% next year, believing that the HBM required for AI servers and high-capacity server DRAM are absorbing limited production capacity, leading to further tightening of ordinary DRAM supply, with shortages potentially lasting until 2028. TrendForce predicts that by the end of next year, the wafer input for HBM production by Samsung, SK Hynix, and Micron will account for 30% of the total DRAM wafer input, but HBM will only account for about 13% of the actual DRAM bit supply.Memory manufacturers warn that the supply tightness of DRAM and NAND driven by AI demand may continue until after 2027. SK Hynix stated that from the supply side, 2027 could become the most severe shortage year in the history of the memory industry.