Author: i2wtc
Broadcom CEO Hock Tan.Lucas Jackson | ReutersBroadcom CEO Hock Tan sees the artificial intelligence boom gaining so much steam that he’s projecting AI chip revenue next year “significantly in excess of $100 billion.”After the chipmaker reported better-than-expected results for the fiscal first quarter and issued a strong forecast for the current period, Tan said on his company’s earnings call that demand is picking up from large customers that are increasingly in need of Broadcom’s help in designing custom silicon. “We have also secured the supply chain required to achieve this,” Tan said, regarding the 2027 sales target.AI revenue in the first quarter…
High-level meeting reviews Afghanistan border clashes and escalating Middle East conflict amid security concernsA high-level meeting of parliamentary leaders and representatives, chaired by Prime Minister Muhammad Shehbaz Sharif, commenced in Islamabad PHOTO: PMO Parliamentary leaders and representatives emphasised the need for national unity, consensus and solidarity amid the current situation facing the country and the wider region with tensions high, state-run Radio Pakistan reported. A high-level meeting, chaired by Prime Minister Shehbaz Sharif, was held in Islamabad today to discuss current geopolitical tensions in the region, the Prime Minister’s Office (PMO) said in a statement. According to the statement, the prime minister…
Broadcom on Wednesday delivered a solid quarterly results while painting an increasingly upbeat picture around the future of its custom AI chip business. The report showed that despite fading enthusiasm for Broadcom’s stock, its most important business still has the wind at its back. Revenue in the fiscal first quarter of 2026, which ended Feb. 1, was a record of $19.31 billion, ahead of the $19.18 billion consensus forecast, according to estimates compiled by LSEG. On an annual basis, revenue rose 29%. Adjusted earnings per share (EPS) increased 28% to $2.05, also outpacing expectations of $2.03, LSEG data showed. Adjusted…
Global energy markets are grappling with impact of ongoing closure of Strait of Hormuz amid US-Israel attack on IranFederal Minister for Petroleum Ali Pervaiz Malik meets Saudi Arabia’s Ambassador to Pakistan Nawaf bin Said Al-Malki on Tuesday. Photo: Ministry for Energy/X ISLAMABAD: Petroleum Minister Ali Pervaiz Malik confirmed that Saudi Arabia has pledged to support Pakistan’s energy needs by supplying oil through the Port of Yanbu on the Red Sea. The assurance comes at a time when global energy markets are grappling with the impact of the ongoing closure of the Strait of Hormuz. In a meeting on Wednesday with…
Global energy markets are grappling with impact of ongoing closure of Strait of Hormuz amid US-Israel attack on IranFederal Minister for Petroleum Ali Pervaiz Malik meets Saudi Arabia’s Ambassador to Pakistan Nawaf bin Said Al-Malki on Tuesday. Photo: Ministry for Energy/X ISLAMABAD: Petroleum Minister Ali Pervaiz Malik confirmed that Saudi Arabia has pledged to support Pakistan’s energy needs by supplying oil through the Port of Yanbu on the Red Sea. The assurance comes at a time when global energy markets are grappling with the impact of the ongoing closure of the Strait of Hormuz. In a meeting on Wednesday with…
The opening meeting of the fourth session of the 14th National People’s Congress (NPC) is held at the Great Hall of the People in Beijing, capital of China, March 5, 2026. (Xinhua/Wang Ye)BEIJING, March 5 (Xinhua) — The 14th National People’s Congress, China’s top legislature, opened its fourth session on Thursday morning at the Great Hall of the People in Beijing.Xi Jinping and other Party and state leaders attended the opening meeting.Premier Li Qiang delivered a government work report at the meeting. ■The opening meeting of the fourth session of the 14th National People’s Congress (NPC) is held at the…
Central bank governor says country has shifted from annual loan rollovers to monthly rollovers State Bank of Pakistan Governor Jameel Ahmad. PHOTO: TWITTER ISLAMABAD: State Bank of Pakistan Governor Jameel Ahmad said on Wednesday that the United Arab Emirates (UAE) was not demanding repayment of a $2 billion loan, but had instead shifted it to a monthly rollover. The SBP governor provided the National Assemly’s Standing Committee on Finance insights into the country’s economic challenges, including the UAE’s loan rollover, inflation rates and export performance. “The UAE is not asking back for a loan of $2b. The only difference is that earlier the UAE’s loan…
U.S. Homeland Security Secretary Kristi Noem attends a House Judiciary Committee hearing on “Oversight of the Department of Homeland Security” to testify, on Capitol Hill in Washington, D.C., U.S., March 4, 2026. Elizabeth Frantz | ReutersHomeland Security Secretary Kristi Noem on Wednesday appeared before the House Judiciary Committee for nearly seven hours, her second straight day of grilling by lawmakers on Capitol Hill.She had an easier day than on Tuesday when the Senate Judiciary Committee, including Republican Thom Tillis of North Carolina, criticized her job performance and Chairman Chuck Grassley, R-Iowa, said the killings of two people during an immigration…
The chief driver of the cost is a US AN/FPS-132 early warning radar system at Al Udeid Air Base in QatarA US Marines F-35C Lightning II launches from the US Navy Nimitz-class aircraft carrier USS Abraham Lincoln in support of the Operation Epic Fury attack on Iran February 28, 2026. US. Photo: Reuters The United States has lost nearly $2 billion worth of military equipment amid its attacks against Iran since Saturday, according to estimates and data compiled by Anadolu Agency. The chief driver of the cost is a US AN/FPS-132 early warning radar system at Al Udeid Air Base…
Pete Hegseth, US secretary of defense, arrives for a medal of honor ceremony in the East Room of the White House in Washington, DC, US, on Monday, March 2, 2026. Jim Lo Scalzo | EPA | Bloomberg | Getty ImagesA tech industry group, whose members include Nvidia, Google and Anthropic, sent a letter to Defense Secretary Pete Hegseth Wednesday expressing concern over his designating a U.S. company a supply chain risk.The letter, written by the Information Technology Industry Council (ITI), doesn’t name Anthropic, though the artificial intelligence company was given that label on Friday after failing to come to terms…