tsmc is different from qualcomm. qualcomm never complains about deliver. >> give us a broader sense of the market. there is a lot of concerns about the slowing down in china, highlighted by the aspects of tcmc. will this affect earnings? >> i think the biggest earnings driver for tsmc is coming from three fold. number one, smartphone growth, migration, competitive landscape. you talk about the overall smartphone growth slows down, that would impact the earnings for tsmc. you look at tsmc, their contribution from china is growing very fast. they just mentioned that the revenue from china is actually double for the first half of 2013. >> thank you very much, right now. bruce lu, analyst at clsa joining us. >>> south korean lg display handily beat forecasts by posting a 53% jump in its q 2 earnings. a lot of earnings out today. the operating profit came in at $326 million, way above a reuters poll of 270 million. analysts say lg should continue to enjoy solid sales as apple is planning to launch new devices this quarter

. >>> tech is going to be in focus on asia tomorrow with numbers due from tsmc, and tata consulting services. also numbers out from mahindra bank. in singapore, others reporting. how strong will the numbers be from singapore? >>> credit card companies were hit after hours. this after a proposal by the european commission that would cap transaction fees on cards. it is part of a 20-year saga which brussels argues that consumers have been harmed while banks generate large profits. according to the financial times, visa europe offered to charge no more than 0.3% on a credit card transaction. i'm sure you've all faced international transaction fees as well when you headed abroad. >>> the european justice chief called for the troika to be resolved, saying the partnership between the eu, imf and ecb has run its course. speaking to an audience in germany, vivian reding added they need to resolve their own problems and could manage without the imf. the european commissioner who does not have responsibility for the eurozone said more power should be given to the directly elected european parliament.