Dumpling Chain Earns Most Revenue per Restaurant of Any Chain in US
A world-renowned Taiwanese soup dumpling restaurant chain with its U.S. headquarters in California was recognized by the industry on June 6 for earning the most revenue per restaurant in the United States.
Din Tai Fung—a family-owned restaurant chain known for its xiao long bao, also known as soup dumplings—earned $27.4 million last year for each of its 16 locations in the United States, according to
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New York Post
a day ago
- New York Post
SoftBank pitches chip giant TSMC on building $1 trillion AI hub in US: report
SoftBank CEO Masayoshi Son is pitching Taiwan Semiconductor Manufacturing Company on a massive $1 trillion complex in the US to build robots and artificial intelligence, according to a report. The giant robotics center would be based in Arizona, a version of the production hub seen in the Chinese city of Shenzhen that could help bring manufacturing back to the US, sources told Bloomberg. It comes as President Trump has been calling for an all-hands approach to bringing manufacturing opportunities to the US, especially by tech companies and automakers. 3 SoftBank's CEO Masayoshi Son speaking during a White House event as President Trump looks on. KEN CEDENO/POOL/EPA-EFE/Shutterstock Son is seeking out TSMC invest $165 billion in the US and has opened its first Arizona factory – as a partner, according to the report. It's unclear what role Son sees for the Taiwanese chip giant, which makes Nvidia's most advanced chips, and if the company would even be interested in the project. TSMC declined to comment. Codenamed 'Project Crystal Land,' the complex is a clear attempt not only to advance artificial intelligence but to ensure a lasting legacy for Son, who has often talked down his past accomplishments and abandoned projects midway, sources told Bloomberg. The ambitious, one-of-a-kind facility would require support from the Trump administration. SoftBank officials have spoken with federal and state officials, including Commerce Secretary Howard Lutnick, to discuss possible tax breaks for firms building factories or investing in the complex, sources told Bloomberg. Son is also speaking with major tech companies as possible investors, like South Korea's Samsung. SoftBank, Samsung and the White House did not immediately respond to The Post's requests for comment. 3 Masayoshi Son is reportedly seeking out TSMC as a partner in the Arizona project. REUTERS Son's company has invested heavily in ChatGPT maker OpenAI, recently leading a $40 billion funding round for the Sam Altman-led firm as the two seek to raise hundreds of billions of dollars to fund large data centers in the US. These data centers are crucial to the artificial intelligence industry, which requires vast amounts of power and large storage capabilities. SoftBank's campaigning process for the Arizona complex could signal that its money-raising efforts alongside OpenAI are proceeding at a slower pace than they had anticipated, according to the report. Son has created a list of companies that might take part in the Arizona manufacturing hub, like automation company Agile Robots SE, sources said. 3 President Trump has said he wants to bring manufacturing opportunities back to the US. AP Meanwhile, SoftBank is exploring project financing options for Stargate, its $500 billion initiative to build data centers in the US with OpenAI and Oracle. This financing method could allow SoftBank to raise funding on a project-by-project basis, which is easier than gathering a large sum of money upfront. The same process could potentially be used for Project Crystal Land, according to the Bloomberg report. These plans are still preliminary and could change, sources told the news outlet.
Yahoo
2 days ago
- Yahoo
Why AI Stock Astera Labs Was Crushing It This Week
The company has found an appropriate partner to help it win more AI-related business. It's teaming up with a specialty chipmaker based in Asia. 10 stocks we like better than Astera Labs › According to data compiled by S&P Global Market Intelligence, Astera Labs (NASDAQ: ALAB) stock's price was floating almost 11% higher week to date on early Friday morning. Investors were mainly reacting to news the tech infrastructure company reported about a new business tie-up with an Asian peer. On Monday, Astera and Taiwanese chipmaker AIChip Technologies announced in a joint press release that they have formed a strategic business partnership. Together, the two will aim to exploit opportunities afforded by sky-high demand for artificial intelligence (AI) functionalities. AIChip, which specializes in application-specific integrated circuit (ASIC) chips, and Astera are teaming up to offer "validated, interoperable solutions for hyperscalers building next-generation AI infrastructure," according to the press release. As the name suggests, a hyperscaler is essentially an extremely large data center. These are in vogue now due to the heavy resource requirements of AI. Astera and AIChip offered almost no details about their new partnership, including its financial parameters. Given that, it's tough to gauge how this collaboration might affect their fundamentals. Judging by the market's reaction, though, investors don't seem to mind -- teaming up on projects has clear potential to benefit both companies. I think AI companies like Astera are in the midst of a gold rush. I'd absolutely consider buying the stock. Before you buy stock in Astera Labs, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Astera Labs wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $659,171!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $891,722!* Now, it's worth noting Stock Advisor's total average return is 995% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why AI Stock Astera Labs Was Crushing It This Week was originally published by The Motley Fool Sign in to access your portfolio
CNBC
2 days ago
- CNBC
SoftBank's Son pitches $1 trillion Arizona AI hub, Bloomberg News reports
SoftBank founder Masayoshi Son is envisaging setting up a $1 trillion industrial complex in Arizona that will build robots and artificial intelligence, Bloomberg News reported on Friday, citing people familiar with the matter. Son is seeking to team up with Taiwan Semiconductor Manufacturing Co. for the project, which is aimed at bringing back high-end tech manufacturing to the U.S. and to create a version of China's vast manufacturing hub of Shenzhen, the report said. SoftBank officials have spoken with U.S. federal and state government officials to discuss possible tax breaks for companies building factories or otherwise investing in the industrial park, including talks with U.S. Secretary of Commerce Howard Lutnick, the report said. SoftBank is keen to have TSMC involved in the project, codenamed Project Crystal Land, but it is not clear in what capacity, the report said. It is also unclear whether the Taiwanese company would be interested, it said. TSMC is already building chipmaking factories in the U.S. with a planned investment of $165 billion. Son is also sounding out interest among tech companies, including Samsung Electronics, the report said. The plans are preliminary and feasibility depends on support from the Trump administration and state officials, it said. A commitment of $1 trillion would be double that of the $500 billion "Stargate" project, which seeks to build out data centre capacity across the U.S., with funding from SoftBank, OpenAI, and Oracle. SoftBank and TSMC declined to comment. The White House and U.S. Department of Commerce did not immediately respond to requests for comment. The proposed scheme follows a series of big investment announcements SoftBank has made this year. In March, it announced it would acquire U.S. semiconductor design company Ampere for $6.5 billion and in April, it said it would underwrite up to $40 billion of new investment in OpenAI, of which up to $10 billion would be syndicated to other investors. This week SoftBank raised $4.8 billion from a sale of shares in T-Mobile.
