Drilling for minerals deep in the ocean could have immense consequences for the tiny animals at the core of the vast marine food web — and ultimately affect fisheries and the food we find on our plates, said a new study.Deep-sea mining means drilling the seafloor for “polymetallic nodules” loaded wi
Despite the two major cities in the eastern Democratic Republic of the Congo falling into the hands of the M23 militia, some residents are celebrating their newfound fortunes — amassed through cryptocurrency trading. Crypto trading is seemingly an answer to the economic crisis plaguing the region, w
PERSISTENT RUMORS: Nvidia’s CEO said the firm is not in talks to sell AI chips to China, but he would welcome a change in US policy barring the activity
Nvidia Corp CEO Jensen Huang (黃仁勳) said his company is not in discussions to sell its Blackwell artificial intelligence (AI) chips to Chinese firms, waving off speculation it is trying to engineer a return to the world’s largest semiconductor market.Huang, who arrived in Taiwan yesterday ahead of me
MORE WEIGHT: The national weighting was raised in one index while holding steady in two others, while several companies rose or fell in prominence
MSCI Inc, a global index provider, has raised Taiwan’s weighting in one of its major indices and left the country’s weighting unchanged in two other indices after a regular index review.In a statement released on Thursday, MSCI said it has upgraded Taiwan’s weighting in the MSCI All-Country World In
China is allowing Dutch chipmaker Nexperia BV to export again, setting the stage for the Netherlands to suspend its powers over the Chinese-owned company.Signaling a breakthrough in a conflict that threatened to disrupt automotive production around the world, the Dutch government is ready to shelve
China’s exports unexpectedly contracted last month as weakening global demand failed to offset the slump in shipments to the US, dealing a blow to an economy already slowing amid sluggish consumer spending and investment at home.Exports fell for the first time in eight months, dropping 1.1 percent f
Tesla Inc CEO Elon Musk won shareholder approval on Thursday for the largest corporate pay package in history, as investors endorsed his vision of morphing the electric vehicle maker into an artificial intelligence (AI) and robotics-focused company.The proposal was approved with more than 75 percent
Customers shop at a Trial Go store in Tokyo yesterday. Discount-store chain operator Trial Holdings Inc is mounting a challenge to Japan’s convenience store giants, betting that compact, low-cost outlets operating around the clock can attract shoppers.
ON TARGET: Increases in consumer good prices stayed below the 2 percent mark, while the pork market stabilized following turbulence from a swine flu outbreak
Taiwan’s consumer price index (CPI) rose 1.48 percent year-on-year last month, marking the sixth consecutive month that inflation has remained below the central bank’s 2 percent target, the Directorate-General of Budget, Accounting and Statistics (DGBAS) reported yesterday. However, the pace of incr
SOLID QUARTER: The chassis maker saw record earnings per share as it works to build new plants in Malaysia and the US, capitalizing on the AI boom
Chenbro Micom Co (勤誠興業) on Wednesday reported record earnings per share of NT$8.1 for the third quarter as the company benefits from continued shipments of artificial intelligence (AI) server chassis.Net profit in the July-to-September quarter was NT$990 million (US$31.99 million), up 19 percent fro
Nissan Motor Co has agreed to sell its global headquarters in Yokohama for ￥97 billion (US$630 million) to a group sponsored by Taiwanese autoparts maker Minth Group (敏實集團), as the struggling automaker seeks to shore up its financial position. The acquisition is led by a special purchase company man
FUTURE FACING: Volume production means a big year for the ASIC-focused company, as it ramps up for a 3-nanometer chip run next year, its CEO said
Alchip Technologies Ltd (世芯), an application-specific integrated circuit (ASIC) designer specializing in artificial intelligence (AI) chips, yesterday said revenue would pick up significantly next year after a major customer’s 3-nanometer chip enters volume production.Revenue has been dipping for th
Nvidia Corp CEO Jensen Huang (黃仁勳) on Wednesday warned that China “is going to win” the race to develop next-generation artificial intelligence (AI), urging Washington to speed up its efforts.The head of the US chip giant told the Financial Times that Beijing’s energy subsidies were boosting its dri
Shoppers look at products at Far Eastern Sogo Department Store’s Zhongxiao outlet in Taipei on the first day of the store’s anniversary sale yesterday. The company expects the 12-day anniversary sale to generate NT$12.1 billion (US$391 million) in revenue.
EXPANSION: The deal must next be approved by both firms’ shareholders as well as government regulators, and would make E.Sun Taiwan’s fifth-largest holding company
E.Sun Financial Holding Co (玉山金控) and Mercuries Life Insurance Co (三商美邦人壽) yesterday approved a merger to be carried out entirely through a share-swap deal, as the bank-focused conglomerate expands into life insurance to become Taiwan’s fifth-largest financial group by assets.Under the agreement, 0.
OVERVALUED? Some see the mass sell-off as a good thing, letting off some steam in an industry that they say was getting ahead of itself and making stocks cheaper
The global sell-off in semiconductor stocks accelerated on concern over lofty valuations for some of the artificial intelligence (AI) boom’s biggest winners.Memory makers Samsung Electronics Co and SK Hynix Inc dragged South Korea’s benchmark KOSPI down as much as 6.2 percent yesterday before it par
Winbond Electronics Corp (華邦電) yesterday gave an upbeat outlook for next year as strong demand for less-advanced memory chips has helped it swing into profit in five quarters, with the upcycle to persist longer than previous ones.The firm is benefiting from a structural adjustment in memory manufact
Taiwan’s foreign exchange reserves slipped to US$600.197 billion at the end of last month, down US$2.746 billion from a month earlier, as the New Taiwan dollar weakened and the central bank intervened to stabilize the local currency, the central bank said yesterday.The decline mainly reflected the d
The Chinese government has issued guidance requiring new data center projects that have received any state funds to only use domestically made artificial intelligence (AI) chips, two sources familiar with the matter told Reuters.In recent weeks, Chinese regulatory authorities have ordered such data
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