Taiwan
Asian chip stocks fall after Nvidia sell-off on Wall Street overnight
Key Points Chip and tech stocks across Asia opened sharply lower Wednesday morning, following a steep plunge in Nvidia’s share price in the U.S. overnight. Source
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China’s ‘growing authoritarianism’ poses a global challenge, Taiwan’s President Lai warns
Lai Ching-te, president of Taiwan, on Saturday, Jan. 13, 2024. Bloomberg | Bloomberg | Getty Images Taiwan’s President Lai Ching-te has cautioned that China’s “growing authoritarianism” will not stop with the island, and that it poses a challenge at the “global level.” Lai was speaking at the annual Ketagalan Forum, a dialogue focusing on security […]
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Apple supplier Foxconn’s second-quarter profit rises 6% on AI boom
Hon Hai Group’s headquarters in Taipei, Taiwan. Ceng Shou Yi | Nurphoto | Getty Images Apple supplier Foxconn reported on Wednesday a 6% rise in second-quarter net profit, driven by strong AI server demand as the company touted “strong growth momentum” from the technology boom. The Taiwanese company, the world’s largest contract electronics maker, said net profit for the […]
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A global stock rout is deepening with investors fleeing to safe havens
A man looks at an electronic boarddisplaying stock prices of the Nikkei 225 listed on the Tokyo Stock Exchange in Tokyo on April 30, 2024. Kazuhiro Nogi | Afp | Getty Images Investors on Monday turned to safe-haven assets as a global stock sell-off deepened, following weaker-than-expected U.S. jobs data at the end of last […]
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Taiwan under pressure to bolster its defense as Trump-Harris presidential race stokes policy concerns
Taiwan President Lai Ching-te claps while he visits a military camp in Taoyuan, Taiwan May 23, 2024. Ann Wang | Reuters Taiwan is under growing pressure to build up its defense capabilities and deterrence against China in the face of uncertainty surrounding the U.S. elections slated for November, according to security and policy analysts. Taiwan’s […]
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CNBC Daily Open: Fed signals possible rate cut; Wall Street soars; oil gains as Middle East tensions rise
This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. Traders work on the floor of the New York Stock Exchange on July 25, 2023. Angela Weiss […]
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Europe’s AI-powered Google Translate rival DeepL launches traditional Chinese language in Asia push
DeepL CEO Jaroslaw “Jarek” Kutylowski. DeepL German artificial intelligence translation startup DeepL on Wednesday launched traditional Chinese as a language option as it looks to expand its presence in Asia. DeepL, one of Europe’s high-profile AI companies valued at $2 billion, sells translation software aimed at businesses rather than everyday consumers. Traditional Chinese is a […]
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TSMC shares were rocky last week. This is where Wall Street says the stock is headed
Shares of Taiwan Semiconductor Manufacturing Company (TSMC) were rocked by geopolitical developments from the U.S. last week, even as the firm reported earnings that beat expectations. TSMC and other semiconductor shares fell last Wednesday after reports of potentially tighter restrictions surfaced. Bloomberg on Wednesday reported that the Biden administration is considering a wide-sweeping rule to […]
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CNBC Daily Open: Dow drops, Netflix beats estimates, Nvidia rebounds
Traders work on the floor of the New York Stock Exchange during morning trading on Jan. 31, 2024 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no […]
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Nvidia rebounds after TSMC says AI chip demand remains strong
Nvidia CEO Jensen Huang delivers a keynote address during the Nvidia GTC Conference at the SAP Center in San Jose, California, on March 18, 2024. Justin Sullivan | Getty Images Nvidia shares rose about 3% during trading on Thursday, rebounding one day after the stock plunged 7% on geopolitical concerns sparked by comments from U.S. […]
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