Google and General Motors Co joined Intel Corp, the world’s largest chipmaker, and Alphabet Inc’s autonomous driving unit, Waymo, in pulling out of in-person presentations at the CES technology conference scheduled for next month.
GM on Thursday said that it would move to “an all-digital approach” at the annual event that has become a major venue for the unveiling of innovation in the automotive industry.
The automaker would share “significant company news including the reveal of the Chevrolet Silverado EV [electric vehicle]” online during the conference, the company said in a statement.
Photo: Reuters
Google later said that it made the decision to pull out after “closely monitoring the development of the Omicron variant” of SARS-CoV-2.
The decision to bypass attendance at the trade show “is the best choice for the health and safety of our teams,” a Google spokesperson said in a statement.
In a blog post earlier on Thursday, Google’s sister company, Waymo, also cited rising COVID-19 infection rates and said its executives would participate in online events.
Earlier, Intel said that it would send only a small number of employees to the Las Vegas event and switch its participation to the Internet, adding to a growing list of technology companies that have dropped out of in-person presentations.
“After consulting with health officials and in the spirit of Intel’s safety policy, our plans for CES will move to a digital-first, live experience, with minimal on-site staff,” Intel said in a statement.
Intel, whose processors are the heart of most of the world’s PCs, has historically been a large participant in the annual trade show that has attracted tens of thousands of attendees from around the world.
An executive board member of Porsche AG, Barbara Frenkel, also canceled her plans to attend the conference scheduled to begin on Jan. 5.
Over the past few days, exhibitors including T-Mobile US Inc and Meta Platforms Inc have curtailed plans to attend the gathering in person.
Other high-profile attendees, such as Amazon.com Inc and Twitter Inc, will not be attending either.
The Consumer Technology Association, which runs the event, on Wednesday said that the cancelations add up to less than 7 percent of its exhibit floor. The organization said it has received 42 cancelation notices from exhibitors, but that it has added 60 new ones since last week.
SELL-OFF: Investors expect tariff-driven volatility as the local boarse reopens today, while analysts say government support and solid fundamentals would steady sentiment Local investors are bracing for a sharp market downturn today as the nation’s financial markets resume trading following a two-day closure for national holidays before the weekend, with sentiment rattled by US President Donald Trump’s sweeping tariff announcement. Trump’s unveiling of new “reciprocal tariffs” on Wednesday triggered a sell-off in global markets, with the FTSE Taiwan Index Futures — a benchmark for Taiwanese equities traded in Singapore — tumbling 9.2 percent over the past two sessions. Meanwhile, the American depositary receipts (ADRs) of Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the most heavily weighted stock on the TAIEX, plunged 13.8 percent in
A wave of stop-loss selling and panic selling hit Taiwan's stock market at its opening today, with the weighted index plunging 2,086 points — a drop of more than 9.7 percent — marking the largest intraday point and percentage loss on record. The index bottomed out at 19,212.02, while futures were locked limit-down, with more than 1,000 stocks hitting their daily drop limit. Three heavyweight stocks — Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), Hon Hai Precision Industry Co (Foxconn, 鴻海精密) and MediaTek (聯發科) — hit their limit-down prices as soon as the market opened, falling to NT$848 (US$25.54), NT$138.5 and NT$1,295 respectively. TSMC's
TARIFFS: The global ‘panic atmosphere remains strong,’ and foreign investors have continued to sell their holdings since the start of the year, the Ministry of Finance said The government yesterday authorized the activation of its NT$500 billion (US$15.15 billion) National Stabilization Fund (NSF) to prop up the local stock market after two days of sharp falls in reaction to US President Donald Trump’s new import tariffs. The Ministry of Finance said in a statement after the market close that the steering committee of the fund had been given the go-ahead to intervene in the market to bolster Taiwanese shares in a time of crisis. The fund has been authorized to use its assets “to carry out market stabilization tasks as appropriate to maintain the stability of Taiwan’s
STEEP DECLINE: Yesterday’s drop was the third-steepest in its history, the steepest being Monday’s drop in the wake of the tariff announcement on Wednesday last week Taiwanese stocks continued their heavy sell-off yesterday, as concerns over US tariffs and unwinding of leveraged bets weighed on the market. The benchmark TAIEX plunged 1,068.19 points, or 5.79 percent, to 17,391.76, notching the biggest drop among Asian peers as it hit a 15-month low. The decline came even after the government on late Tuesday authorized the NT$500 billion (US$15.2 billion) National Stabilization Fund (國安基金) to step in to buoy the market amid investors’ worries over tariffs imposed by US President Donald Trump. Yesterday’s decline was the third-steepest in its history, trailing only the declines of 2,065.87 points on Monday and