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A gas stock and an e-commerce giant were among the stocks being talked about by analysts on Wednesday. The introduction of 2nm, a new generation of chips that are faster and consume less power than previous chips, should lead demand higher for the global semicap industry, analyst Simon Coles wrote in a note. The analyst said Amazon will continue to see growth ahead, however, as it views the e-commerce giant as a strong AI beneficiary. He added that Amazon should see continued OI expansion as Amazon Web Services accelerates and has a multi-billion-dollar AI revenue run-rate. — Pia Singh 5:46 a.m.: JPMorgan upgrades Sunoco Sunoco's recent acquisition will drive a rebound in the stock, according to JPMorgan.
Persons: Bernstein, Simon Coles, TSMC, Coles, — Pia Singh, Adrian Yanoshik, Yanoshik, Stellantis, Fadi, ODFL, Fadi Chamoun, Chamoun, Mark Shmulik, Shmulik, Sunoco, Jeremy Tonet, Tonet, Fred Imbert Organizations: CNBC, Wednesday, JPMorgan, Barclays, Taiwan Semiconductor, BMO Capital Markets, Old Dominion, Dominion Freight, Amazon, Amazon Web Services, NuStar Energy, SUN, NS Locations: U.S, Netherlands
Phnom Penh, Cambodia CNN —US Secretary of Defense Lloyd Austin traveled to Cambodia on Tuesday to meet with the country’s prime minister and defense minister, as Washington becomes increasingly concerned that Phnom Penh may grant China’s military exclusive access to a key naval base. Austin’s trip to the Cambodian capital marks his second visit to the Southeast Asian country as Secretary of Defense but is the first time a United States defense chief has traveled to Cambodia specifically to hold a bilateral meeting with his counterpart, Defense Minister Tea Seiha. The outreach reflects the US’ desire to forge a better relationship with Cambodia, defense officials said, particularly as Beijing’s influence over the country has only continued to grow in recent years. “There are no doubts about where our concerns are,” a Pentagon spokesperson said following Austin’s meetings, when asked about Ream. In a meeting with China’s Defense Minister Dong Jun last week, their first face-to-face, Austin said the US wants to keep military-to-military channels open with the Chinese to avoid misunderstandings and escalation.
Persons: Defense Lloyd Austin, Tea, , , Hun Manet, Hun Sen’s, ” Austin, Biden, Austin, Hun Sen, Dong Jun, Dong, Beijing “ Organizations: Cambodia CNN, Defense, United, Cambodian, Ream, Base, South China, Pentagon, State Department, US Military Academy, West, United Nations Peacekeeping, China’s Defense, CNN Locations: Phnom Penh, Cambodia, Washington, United States, Thailand, China, South China, ” Beijing, South, Taiwan, Beijing, Ream, Asia, Singapore
On Douban, a popular site for reviewing movies, books and music, users compiled a list of nearly 100 Taiwanese celebrities, detailing whether each of them had shared the post. On Saturday, CCTV publicly endorsed Taiwanese celebrities who shared its post, sharing the screenshots of 36 such reposts – fueling a further backlash against those who hadn’t. On Monday, Taiwan’s Mainland Affairs Council weighed in, accusing the Chinese Communist Party of requiring Taiwanese artists to express a political stance. The remarks and retweets by Taiwanese artists of the CCTV unification post came against the backdrop of China’s largest show of force around the island in more than a year. “This is not the first time, and probably not the last, that Taiwanese artists are forced to make a political stand in China,” said the leader.
Persons: Mayday’s, Ashin, , , Xi Jinping, Jolin Tsai, Edgar Su, China’s, Beijing’s, , Tsai, , Lin Chen, ” Lin, Lai Ching, Ichiro Ohara, Lai, Zhu Fenglian, ” Zhu, Lin Organizations: CNN, Party, China, Democratic Progressive Party, Cardiff University, Facebook, Mainland Affairs Council, Chinese Communist Party, Communist, Yomiuri Shimbun, Taiwan Affairs Office, Locations: Beijing, Taiwan, China, Taipei, Taiwanese, , Nanchang ”, Singapore, Weibo, ” Beijing
How much do we pay for an enterprise software business that may have hit the wall, suddenly slowing down to sales growth in the high single digits from growth in the double digits? But Salesforce is the most glaring of the enterprise software behemoths, which include ServiceNow , Adobe , Workday , SAP , Intuit , and fallen star MongoDB . Or to put it another way, Salesforce needs its clients to hire more people to increase sales growth. SaaS is another form of enterprise software, is another form of applications software, is another form of kryptonite. Of course, there will be enterprise software companies that defy the slowdown.
Persons: Marc Benioff, Dow Jones, Salesforce, Ullal, Jensen Huang, that's, Thoma, , Elon Musk's, Wells, It's, Charlie Scharf, Goldman Sachs, Dan Schulman, Bill Ready, Stanley Black, Decker, Jim Cramer's, Jim Cramer, Jim, Marlena Sloss Organizations: Oracle, Dow, Adobe, SAP, Intuit, Mad, Arista Networks, Microsoft, Nvidia, Arm Holdings, Thoma Bravo, Taiwan Semiconductor, Indy, Federal, Paypal, Fed, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: Norfolk Southern, Wells Fargo, Wells, Dover, Informatica
He also warned that the death of any Filipino citizen at the hands of another country in the South China Sea would be “very close” to an act of war. It is also a rare opportunity to hear from, and pose questions to, senior Chinese military leaders. Robert Ward, IISS Japan chair, told CNN he felt Dong’s tone was “more shrill” than he’s seen in previous speeches by Chinese defense chiefs at the gathering. “The strategic environment in Asia has actually got more tense and I think we saw that in the Chinese defense minister’s speech today,” Ward said. “Every year for three years, a new Chinese defense minister has come to Shangri-La,” the official told CNN.
Persons: Dong Jun, ” Dong, , Xi Jinping, Dong, Lloyd Austin, ” China’s, , Lai Ching, China, Ferdinand R, Marcos Jr, Austin –, China “, Robert Ward, he’s, ” Ward, they’ve Organizations: Singapore CNN, Taiwan, National Defense, Communist Party, Democratic Progressive Party, China’s Defense Ministry, South China, Austin, International Institute for Strategic Studies, CNN, US Locations: Singapore, Beijing, Taiwan, United States, China, Taiwan Strait, East, South, South China, Philippines, , American, The Hague, Philippine, Ukraine, Dong, Russia, Asia, Pacific, Japan
US Secretary of Defence Lloyd Austin speaks at the 21st Shangri-La Dialogue summit in Singapore on June 1, 2024. Speaking at the Shangri-La Dialogue in Singapore, Austin said that Washington's enduring commitment to the region has been a "springboard" that has enabled transformative growth in the region. Austin said that the region is seeing a "new convergence" around nearly all aspects of security in the Indo-Pacific. It's about notions of goodwill, uniting around the interests that we share and the values that we cherish," Austin said. "I respectfully disagree with your point that the expansion of NATO caused the Ukraine crisis," Austin replied, drawing applause from the room.
Persons: Defence Lloyd Austin, Nhac Nguyen, Lloyd Austin, Austin, we're, Lai Ching, Lai, Cao Yanzhong, Vladimir Putin, Putin Organizations: Defence, Afp, Getty, SINGAPORE, U.S, NATO Locations: Singapore, United States, U.S, Philippines, Australia, Japan, China, Taiwan, Beijing, NATO, Europe, Russia, Ukraine
The meeting, between US Defense Secretary Lloyd Austin and China’s Minister of National Defense Adm. Dong Jun, is the first face-to-face talks between the two defense chiefs and Austin’s first such discussions with a Chinese counterpart since late 2022. The meeting, on the sidelines of an annual defense conference in Singapore, takes place against a fraught regional backdrop. Austin is expected to raise concerns with Dong about China’s support for Russia, US officials said ahead of the meeting. Talks between Austin and Dong are not expected to see substantive progress towards resolving many entrenched issues between them. Several weeks later, US and Chinese top generals spoke in a video call, paving the way for this week’s in-person meeting between the defense chiefs.
Persons: Lloyd Austin, Dong Jun, Austin’s, China’s, Austin, Dong, Nancy Pelosi, Li Shangfu, Li, won’t, Xi Jinping’s, Xi, Joe Biden Organizations: Singapore CNN, US, National Defense, South China Seas, Communist Party, Coast Guard, Defense, Washington, Russia, America, East, Communist, Central Military Commission Locations: Singapore, Asia, Pacific, Taiwan, Beijing, East, South, Japan, South Korea, Philippines, China, South China, American, Russia, Ukraine, Austin, Asia –, San Francisco
The US and China's defense chiefs met for the first time in two years. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUS and China defense chiefs held their first face-to-face meeting for two years amid escalating tensions over Taiwan and Ukraine. The meeting was part of a bid to repair the China-US relationship, which has become severely strained.
Persons: , Lloyd Austin, Dong Jun, Wang Yi Organizations: Service, US, National Defense, US Department of Defense, Business Locations: Taiwan, Ukraine, China, Singapore
Read previewNvidia cofounder and CEO Jensen Huang is in Taiwan this week, where he's getting rockstar reception and boosting the stock market. The drills started on Thursday, but Taiwan's stock market was little changed over the period. "In this case, the AI equity theme, physical investment in AI, and the wider upturn in electronic component demand are driving robust Taiwanese growth and the strong stock market performance," wrote Green. He added that an outright invasion of Taiwan by China is "very unlikely" due to high military and economic risk. "If the macro backdrop is positive and China remains far from achieving 'fortress-like' economic conditions, future sell-offs may offer attractive buying opportunities," Green wrote.
Persons: , Jensen Huang, Huang, Li Xi, Morris Chang, Lisa Su —, Pat Gelsinger, Cristiano Amon, Rene Haas, Rory Green, It's, Green Organizations: Service, China's People's Liberation Army, Business, Local, rockstar, Asus, AMD, Qualcomm, Semiconductor, PLA, Investors, Philadelphia Stock Exchange, Nvidia Locations: Taiwan, China, Beijing, TSMC, Taipei, Taiwan's, GlobalData.TS, Ukraine, Russia
China's large-scale military exercises surrounding Taiwan last week "looked like a rehearsal" for an invasion, the US' top officer in the Pacific said. Related storiesIn the aftermath of the exercises, US lawmakers and officials have been responding with clear shows of support for Taiwan. The US would be dependent on Japan's bases to threaten a Chinese threat to Taiwan, as President Joe Biden has vowed. Taiwan's army held a military exercise following China's large-scale joint military drill around Taiwan on May 23, 2024. TAIWAN Military News Agency, Ministry of National Defense, R. O. C. / HANDOUTLast week's exercises weren't the first time China has held provocative exercises around Taiwan.
Persons: Adm, Samuel Paparo, Paparo, Joe Biden, Michael McCaul, McCaul, Nancy Pelosi, Party's Lai Ching, Tsai Ing Organizations: Service, Business, Pacific, Japan's Nikkei, TAIWAN Military News Agency, Ministry of National Defense, Democratic Locations: Taiwan, Beijing, US, China, United States, Taiwan's, Japan
Finland's F/A-18 Hornets — which used to be the US Navy's standard fighter — are already compatible with NATO air forces. This puts several squadrons of stealth fighters on Russia's northern border, with the potential to penetrate and suppress Russian air defenses, and hit vital targets. "Both Finland's and Sweden's proximity allows NATO air forces to stage closer to the Baltics. Similarly, Sweden's Gotland island — located almost midway in the Baltic, about 60 miles from the Swedish mainland and 80 miles from the Baltic States — provides NATO with an advanced outpost. Their air forces are vital for this Nordic push, and will become very useful to further deter and defend the increasingly contested arctic space with Russia."
Persons: Paul Cormarie, John Hoehn, Sweden's JAS, Finland's, Ian Valley, Hoehn, Cormarie, Michael Peck Organizations: Service, NATO, RAND, Corp, Modern, Institute, Business, Nordic, Gripen, UK's Royal Air Force, Finnish Air Force, US Army, , Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Ukraine, Finland, Sweden, West, Russia, Finnish, Swedish, France, Germany, Warsaw, Poland, Europe, Rovaniemi, US Army Sweden, Baltic States, Baltic, Norway, Norwegian, North, Estonia, Latvia, Lithuania, Gotland, , Pacific, United States, Taiwan, China, Forbes
China is developing new systems to hunt the US nuclear-powered submarines that could threaten a Chinese invasion of Taiwan, according to a new report. Also significant is that Chinese airborne sub hunters are tasked with protecting Chinese ballistic missile submarines as they sail to their patrol and launch locations. Current Chinese sonobuoys require "a complicated and labor-intensive series of manual button presses to configure sonobuoy parameters such as radio working frequency, working depth, working time, and pulse form to fit maritime conditions before deployment." "PLAN ASW units are training under more realistic conditions, and breaking down administrative barriers which prevented them from generating more training opportunities in different operational environments." AdvertisementFor example, since 2015, training materials have stressed the need for ASW aircraft and ships to work closely together, which is standard practice in the US and Western navies.
Persons: Eli Tirk, Daniel Salisbury, Tirk, Deanna C, Michael Peck Organizations: Service, Business, People's Liberation Army Navy, Taiwan, China Maritime Studies, Naval War, PLAN, US Navy, China Electronics Technology Group Corporation, Aviation Industry Corporation of China, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: China, Taiwan, Japan, Salisbury, America, Forbes
Weapons that Taiwan has ordered from the U.S. are coming, a senior U.S. lawmaker said Monday, as a bipartisan House delegation met with the Beijing-claimed island's new president. "We are moving forward on those weapons systems," Rep. Michael McCaul, R-Texas, chairman of the Foreign Affairs Committee, said at a news conference in Taipei after he and other lawmakers met with Taiwanese President Lai Ching-te. McCaul said the weapons' importance was underscored by the "armada" of Chinese ships and planes that engaged in "punishment" drills around Taiwan last week in response to Lai's inauguration speech. In that speech, Lai, the former vice president, called on China to cease its threats and "face the reality" of Taiwan's existence. In translated remarks before his closed-door meeting with the lawmakers, Lai said the delegation's visit "demonstrates your firm support for the new government as well as the people of Taiwan."
Persons: Michael McCaul, Lai Ching, McCaul, Lai Organizations: Foreign Affairs Locations: Taiwan, U.S, Beijing, Texas, Taipei, China
After China performed two days of military drills intended to punish Taiwan, Representative Michael McCaul of Texas on Monday stood alongside the island nation’s newly elected president, Lai Ching-te, and issued a promise. “The United States must maintain the capacity to resist any resort to force or coercion that would jeopardize the security of the people of Taiwan,” Mr. McCaul, the chairman of the Foreign Affairs Committee, said. “That is what we stand for, and that is what we continue to say.”Mr. McCaul, a Republican, traveled this week to Taipei with a bipartisan delegation of other American lawmakers in an attempt, he said, to show that the U.S. government stood in lock step with Mr. Lai and Taiwan. The trip, which will last through the week, comes at a fraught time: Just days after Mr. Lai was sworn into office and vowed in his inaugural address to defend Taiwan’s sovereignty, China responded by surrounding the self-governing island with naval vessels and military aircraft. Before the lawmakers arrived, the Chinese government had publicly warned them to “seriously abide by the one-China policy” and “not to schedule any congressional visit to Taiwan.”
Persons: Michael McCaul of, Lai Ching, ” Mr, McCaul, Mr, Lai, , Organizations: Foreign Affairs, Republican Locations: China, Taiwan, Michael McCaul of Texas, United States, Taipei, Lai
CNN —US lawmakers vowed to bolster Taiwan’s deterrence against China on Monday during a bipartisan congressional visit to the self-governing democracy just days after Beijing surrounded the island with massive military exercises. US Representative Michael McCaul, Republican-Texas, has vowed to bolster Taiwan's deterrence against China. China’s military drills, he said, were “to express their displeasure with President Lai, a president democratically elected by the people of Taiwan.”But he added they had another objective. The delegation also met with Lai, Taiwan’s new leader, on Monday morning. China responded with a show of military force and later imposed sanctions on McCaul.
Persons: Lai Ching, Michael McCaul, , McCaul, Lai, ” McCaul, China’s, Xi Jinping, Xi, , Mao Ning, Michael Brochstein, Lin Chia, ” “ It’s, ” Lin, Taiwan’s, “ Taiwan’s, ” Lai, Ronald Reagan’s, Tsai Ing, Nancy Pelosi’s Organizations: CNN, China, House Foreign Affairs Committee, Taiwan, US, Party, Republican, Ministry, Taiwan’s Locations: Beijing, China, Taiwan, Taipei, Ukraine, Taiwan Strait, Texas, United States, America, People’s Republic of China
Read previewChina's Eastern Theater Command on Friday released a simulation video of its missile forces carrying out a mass attack on Taiwan, boasting its land, sea, and air launch capabilities. "Destroy the pillar of Taiwanese independence! Strike the base camp of Taiwanese independence! Related storiesBeijing's missile forces have developed rapidly in recent years, alarming US officials who are now scrutinizing its arsenals and assets. Taiwan, recognizing the Chinese missile threat, has been stocking up on US-manufactured Patriot missiles.
Persons: , CapwDFZyds, They're, Lai Ching, Lai, Tsai Ing Organizations: Service, Command, Business, People's Liberation Army, PLA, Taiwan, Pentagon, Liberation Army Rocket Force, Eastern Theater Command, Patriot, Coast Guard, Navy, Democratic Progressive Party Locations: Taiwan, Taipei, Hualien, Kaohsiung, China, Beijing
Members of Taiwan's military conduct routine exercises at Liaoluo Port in Kinmen on May 24, 2024. (Photo by I-HWA CHENG/AFP via Getty Images) I-hwa Cheng | Afp | Getty ImagesChina's latest military exercises around Taiwan risk escalating cross-strait tensions — but war remains unlikely, political observers say. Beijing warned that the two-day drills, which continued on Friday, were aimed at punishing the island's new President Lai Ching-te for his "hostility and provocations." The drills are "legitimate, timely and entirely necessary," as acts of "Taiwan independence" in any form "cannot be tolerated," it added. "This pretext for conducting military exercises not only does not contribute to peace and stability across the Taiwan Strait, but also highlights its hegemonic nature," the ministry said.
Persons: HWA CHENG, Cheng, Lai Ching, Lai, Xi Jinping, China's, Lai —, Wang Yi, Nancy Pelosi's, Xi, Joe Biden, Gabriel Wildau Organizations: HWA, Getty, Afp, Xinhua, Atlantic, China's Ministry of National Defense, Liberation Army, PLA, Eastern, Command, U.S ., Fujian, Guard, U.S, APEC, Teneo Intelligence, Republicans Locations: Liaoluo, Kinmen, China, Taiwan, AFP, Beijing, Eurasia, Republic of China, People's Republic of China, United States, U.S
Read previewChina's large-scale military drills around Taiwan aren't just a show of force in response to the remarks of the democratic island's new president. China says the joint force live-fire exercise, lasting two days, is a test of its ability to launch a full-scale, lethal assault on Taiwan and ultimately force it to succumb to Beijing's rule. An outdoor screen shows a news coverage of China's military drills around Taiwan, in Beijing on May 23, 2024. AdvertisementA screen grab captured from a video shows the Taiwan army conduct military exercise following China's large-scale joint military drill around Taiwan on May 23, 2024. The use of force against Taiwan could take different forms, from an all-out assault to something like a blockade.
Persons: , It's, Stephen McDonell, Z1FdXUvXmN, JADE GAO, Party's Lai Ching, Lai Organizations: Service, Taiwan aren't, Business, People's Liberation Army, BBC China, China Central Television, People’s Liberation Army, Eastern, Command, Getty, China's Air Force, Navy, Coast Guard, Democratic, Taiwan's Military News Agency, Anadolu, Getty Images Locations: Taiwan, China, Beijing, Taiwan's, Getty Images Beijing
CNN —Tensions are once again ratcheting up in the Taiwan Strait, with China launching military drills encircling Taiwan just days after the democracy swore in a new leader long loathed by Beijing. The Eastern Theater Command of the Chinese People’s Liberation Army (PLA) said it launched joint military drills involving the army, navy, air force and rocket force in areas around Taiwan early Thursday morning. The drills are being conducted in the Taiwan Strait – a narrow body of water separating the self-ruling island with mainland China – as well as north, south and east of Taiwan. The Chinese guided missile frigate Nantong, one of the vessels in the series of military drills around Taiwan. The defeated Nationalist Party fled to Taiwan, moving the seat of their Republic of China (ROC) government from the mainland to Taipei.
Persons: , Lai Ching, China’s, Xi Jinping, Li Xi, Lai, Wu Mei, Carlos Garcia Rawlins, Tsai Ing, Tsai –, Mike Gallagher Organizations: CNN, Communist Party, Eastern Theater Command, People’s Liberation Army, PLA, People's Liberation Army, Weibo, Taiwan’s Defense Ministry, Democratic Progressive Party, DPP, Chinese Communist Party, CCP, Nationalist Party, US, Communist, Beijing, Tuesday Locations: Taiwan, China, Beijing, Kinmen, Taipei, People’s Republic of China, Republic of China, Xi, Washington
CNN —China’s military drills around Taiwan are designed to test its ability to “seize power” over the island, the People’s Liberation Army said Friday as its forces kicked off a second day of large-scale exercises encircling its democratic neighbor. Taiwan’s Defense Ministry has condemned China’s military exercises as “irrational provocations” and dispatched its own sea, air and ground forces in response. A total of 19 Chinese warships and seven coast guard vessels were detected near the Taiwan Strait, according to the ministry. China Coast Guard drill near Taiwan. China Coast Guard/Weibo‘Blockading Taiwan’China’s military drills are often as much about playing to a domestic audience as signaling intentions internationally, and state media has ramped up coverage of the drills.
Persons: CNN —, Lai Ching, Lai, Xi Jinping, , China’s, Tsai Ing, ” “, Wu Qian, Liu, Tsai, wasn’t, , I’m, Zhang Chi, Zhang, Carl Schuster, Craig Singleton, ” Singleton, Singleton, Lionel Fatton, ” Fatton Organizations: CNN, People’s Liberation Army, PLA, Command, Party, Taiwan, Guard, CCTV, Taiwan’s Defense, Kyodo, Democratic Progressive Party, China’s, Ministry, Chinese Communist Party, China Coast Guard, Taiwan . China Coast Guard, Weibo, US, Coast Guard, Pacific Command’s Joint Intelligence Center, Foundation, Defense of Democracies, Webster University Locations: Taiwan, Beijing, China, Kinmen, Taiwan Strait, China's, Taiwan ., , Kaohsiung, Wuqiu, Geneva
Taiwan's new President Lai Ching-te speaks on stage during the inauguration ceremony outside the Presidential office building in Taipei, Taiwan, on May 20, 2024. China's military started two days of "punishment" drills around Taiwan on Thursday in what it said was a response to "separatist acts", just days after new Taiwan President Lai Ching-te took office and called on Beijing to cease its threats. China detests Lai, saying he is a "separatist", and it has denounced his inauguration speech on Monday. The Eastern Theatre Command of the Chinese People's Liberation Army (PLA) said it had started joint military drills, involving the army, navy, air force and rocket force, in areas around Taiwan at 7:45 a.m. (2345 GMT). The drills are being conducted in the Taiwan Strait, the north, south and east of Taiwan, as well as areas around the Taiwan-controlled islands of Kinmen, Matsu, Wuqiu and Dongyin, the command said in a statement.
Persons: Lai Ching, China detests Lai, Wang Yi, Lai Organizations: Eastern Theatre Command, People's Liberation Army, PLA Locations: Taipei, Taiwan, Beijing, China, Taiwan Strait, Kinmen
Read previewThe Chinese armed forces began conducting large-scale military exercises around Taiwan on Thursday, just days after the island's newly elected president Lai Ching-te took office. Taiwan's defense ministry posted a video condemning Chinese actions, as well as showing the various locations around it where Chinese forces are operating. The CCP’s military exercises, which highlight its hegemony mindset, have undermined regional peace and stability. An outdoor screen shows a news coverage of China's military drills around Taiwan, in Beijing on May 23, 2024. Taiwanese soldiers stand guard as flares are fired during a Taiwanese military live-fire drill, after Beijing increased its military exercises near Taiwan, in Pingtung, Taiwan, 6 September 2022.
Persons: , Lai Ching, It's Organizations: Service, Business, Coast Guard, Navy, ROC Armed Forces, 國防部 Ministry of National Defense Locations: Taiwan, China, Beijing, Taiwan's
Read previewTwo of the world's most important chip companies can flip a "kill switch" remotely on their most advanced chipmaking machines should China invade Taiwan, Bloomberg reported on Tuesday, citing people familiar with the matter. The Netherlands's ASML — Europe's top tech company by market value — supplies advanced machines to chip-making companies. The US has also pressured the Netherlands to block some ASML exports to China to limit the country's ability to manufacture advanced chips. The Dutch company has also said it will stop servicing some equipment previously exported to China. Rising concerns over Taiwan Strait developmentsThere are concerns about China's intensifying drills around Taiwan after Taiwan inaugurated its new President, William Lai — whom Beijing has branded as a separatist — on Monday.
Persons: , Taiwan's, ASML, William Lai —, Li Xi, Jensen Huang, TSMC Organizations: Service, Bloomberg, Business, East, Dutch, China's People's Liberation Army, Nvidia Locations: China, Taiwan, Washington, Beijing, Netherlands, Arizona, Japan, Germany, ASML
Read previewTwo of the world's most important chip companies can push a "kill switch" remotely on their most advanced chipmaking machines should China invade Taiwan, Bloomberg reported on Tuesday, citing people familiar with the matter. The Netherlands's ASML — Europe's top tech company by market value — supplies advanced machines to chip-making companies. The US has also pressured the Netherlands to block some ASML exports to China to limit the country's ability to manufacture advanced chips. Rising concerns over Taiwan Strait developmentsThere are concerns about China's intensifying drills around Taiwan after Taiwan inaugurated its new President, William Lai — whom Beijing has branded as a separatist — on Monday. But Nvidia CEO Jensen Huang told Bloomberg TV on Tuesday that that the world's tech sector is likely to continue depending on Taiwanese manufacturing for "some time."
Persons: , Taiwan's, ASML, William Lai —, Li Xi, Jensen Huang Organizations: Service, Bloomberg, Business, East, Dutch, China's People's Liberation Army, Nvidia Locations: China, Taiwan, Washington, Beijing, Netherlands, Arizona, Japan, Germany
CNN —China has launched two days of military drills surrounding Taiwan in what it called “punishment” for “separatist acts,” days after the self-ruling island swore in a new democratically elected leader. China’s ruling Communist Party says the self-ruling democracy is part of its territory, despite never having controlled it, and has vowed to take the island, by force if necessary. The Eastern Theater Command of the Chinese People’s Liberation Army (PLA) said it launched joint military drills involving the army, navy, air force and rocket force in areas around Taiwan at 7.45 a.m. on Thursday. The drills are being conducted in the Taiwan Strait – a narrow body of water separating the self-ruling island with mainland China – as well as north, south and east of Taiwan. It expressed regret to “such irrational provocations and actions that undermine regional peace and stability.”
Persons: Lai Ching, China’s, Li Xi, ” Lai, Lai Organizations: CNN, Communist Party, Eastern Theater Command, People’s Liberation Army, PLA, Democratic Progressive Party, Taiwan’s Defense Ministry Locations: China, Taiwan, Kinmen, Beijing
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