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☆ Live updates: Israel attacks Iran, explosions in Isfahan, war in Gaza
▼ + stars: | 2024-04-19 | by ( Kathleen Magramo | Elizabeth Wolfe | ) edition.cnn.com time to read: +1 min

Iran's media on Friday published footage and images of calm scenes in the country after an unclaimed aerial attack hit Isfahan province. Air defenses intercepted three drones, an Iranian official said, after reports of explosions near an army base in the central region. Isfahan airport was operating as normal after airports were earlier closed around the country, according to semi-official Tasnim news. Meanwhile, in the northwest city of Tabriz — where air defenses were also activated —video showed normal traffic and pedestrians in parks and on the streets. Remember: Israel carried out a strike on Iran, a US official told CNN, a move that threatens to further escalate regional conflict.

Persons: Israel Organizations: Air, CNN Locations: Isfahan, Tabriz, Iran

☆ Modi’s BJP is set to majorly boost its vote share in opposition-ruled Tamil Nadu as India goes to polls
▼ + stars: | 2024-04-19 | by ( Vinay Dwivedi | ) www.cnbc.com time to read: +6 min

More than 62.2 million voters will choose among 950 contestants in Tamil Nadu. The DMK won the Tamil Nadu state elections in 2021, defeating the incumbent AIADMK. Prominent poll strategist Prashant Kishor reportedly said he expects the BJP to get "double digit" vote share in Tamil Nadu. Though the jump in vote share in Tamil Nadu will be substantial compared with 2019, BJP might just win one or two constituencies, Kumar said. Seated opposite from him was Geetha, a Modi supporter, who said: "Modi is superman, but DMK will sweep Tamil Nadu.

Persons: Narendra Modi, Abhishek Chinnappa, Bharatiya Janata Party —, India Anna Dravida, Narendra Modi's, Jayalalithaa, Karunanidhi, Modi, Narayanan Thirupathy, Thirupathy, Prashant Kishor, Kishor, Sanjay Kumar, Kumar, Sarvanan, Nagar, Geetha, DMK's Sarvanan Organizations: Getty, Getty Images, India's, Nationwide, Indian National Congress, Bharatiya Janata Party, Dravida Munnetra Kazhagam, DMK, India Anna Dravida Munnetra Kazhagam, AIADMK, BJP, CNBC, Narendra Modi's BJP, Tamil, Political, NDTV, Wednesday, Developmental Inclusive Alliance, India Locations: INDIA, Mysuru, India, Getty Images CHENNAI, Tamil Nadu, Dravida, Tamil, BJP, Telangana, New Delhi

☆ Modi’s Power Keeps Growing, and India Looks Sure to Give Him More
▼ + stars: | 2024-04-19 | by ( Mujib Mashal | ) www.nytimes.com time to read: 1 min

As he campaigns across India for an election that begins on Friday, Prime Minister Narendra Modi speaks of his insatiable ambitions in terms of dinner-table appetite. Roofs over heads, water connections, cooking gas cylinders — Mr. Modi reads down the menu of what he calls the abundant “development” he has provided to India’s poor. “The main course is yet to come.”To Mr. Modi’s legions of supporters, a third term would bring more of what they find so appealing in him. He is that rare breed of strongman who keeps an ear to the ground. He has built an image as a tireless, incorruptible worker for a country on the rise.

Persons: Narendra Modi, Modi, Modi’s Locations: India

☆ Safe-haven gold rises as Israeli attack on Iran raises concerns of wider conflict
▼ + stars: | 2024-04-19 | by ( ) www.cnbc.com time to read: +2 min

Ingots of 99.99 percent pure gold are placed in a workroom at Novosibirsk Refining Plant, Russia on September 15, 2023. Gold prices rose on Friday as risk aversion swept across financial markets following media reports on explosions in Iran, prompting fears of a wider regional conflict and increasing bullion's safe-haven appeal. The news of Israel's attacks on Iran today "is driving gold price attention on the Middle East which has been the sole thing keeping the gold price moving higher for weeks now. "Gold is not a monetary policy trade at the moment, it's a geopolitics trade," Rodda said. Eventually, even if geopolitical risks subside, "Chinese gold reserve accumulation acts as the major catalyst.

Persons: Bullion, Kyle Rodda, Rodda, Ilya Spivak Organizations: Novosibirsk Refining Plant, Reserve Locations: Novosibirsk, Russia, Iran, Israel

☆ India is a beneficiary of some of China's problems, investment management firm says
▼ + stars: | 2024-04-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndia is a beneficiary of some of China's problems, investment management firm saysArjun Jayaraman, head of quantitative research at Causeway Capital Management, says foreign direct investments into India are "a tailwind to the already strong structural tailwinds that India has."

Persons: Arjun Jayaraman Organizations: Causeway Capital Management Locations: India

☆ Asia markets trade lower tracking Wall Street's losses; Japan inflation numbers watched
▼ + stars: | 2024-04-19 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets were all lower on Friday, tracking Wall Street's losses overnight and giving up gains from the previous day. Traders will also be watching chip stocks, after Taiwanese chip giant Taiwan Semiconductor Manufacturing Corp beat first quarter revenue and profit expectations on Thursday. Japan released March inflation data, with the headline inflation rate coming in at 2.7%, down from the 2.8% seen in February. The core inflation rate — which strips out fresh food prices — stood at 2.6%, in line with expectations from economists polled by Reuters. Japan's benchmark Nikkei 225 was down 1.88% after the inflation reading, while the broad based Topix fell 1.3%.

Organizations: Traders, Taiwan Semiconductor Manufacturing Corp, Reuters, Nikkei Locations: Asia, Pacific

☆ Ukraine war live updates: Ukraine says it downed Tu-22M3 bomber for the first time; 8 killed in major attack by Russia
▼ + stars: | 2024-04-19 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

Ukrainian Air Force Commander Mykola Oleschuk on Friday said the country shot down a Russian Tu-22M3 strategic bomber for the first time, destroying a warplane capable of using long-range missiles. "During today's attack, two such missiles were destroyed for the first time. Ukraine needs more means, more missiles, in order to better protect the frontline territories from Russian terrorism," he added. Separately, Russia's Defense Ministry said the bomber crashed over the southern Stavropol region when it was flying back to its home airfield, state news agency RIA reported via Telegram. The Stavropol region is located in the North Caucasus region of southern Russia, hundreds of kilometers from Ukrainian-controlled territory.

Persons: Mykola Oleschuk, Oleschuk, Sam Meredith Organizations: Tupolev, Kremlin, Nazi, Ukrainian Air Force, Air Force, Main Directorate of Intelligence, Ministry of Defense, CNBC, Russia's Defense Ministry Locations: Moscow, Nazi Germany, Russian, Ukraine, Stavropol, North Caucasus, Russia

☆ BJP and DMK representatives on how they addressed the deadly floods in India's Tamil Nadu
▼ + stars: | 2024-04-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBJP and DMK representatives on how they addressed the deadly floods in India's Tamil NaduAs the India general election 2024 gets underway, A. Saravanan, a spokesperson for Dravida Munnetra Kazhagam, one of Tamil Nadu's two major political parties, and BJP's Tamil Nadu State Secretary SG Suryah, shares how the central and state governments reacted to the deadly floods which hit Tamil Nadu at the end of 2023.

Persons: SG Organizations: BJP, Dravida Munnetra Kazhagam Locations: Tamil Nadu, India, Tamil, Tamil Nadu State

☆ Taylor Swift’s ‘Tortured Poets’ Arrives With a Promotional Blitz
▼ + stars: | 2024-04-19 | by ( Ben Sisario | ) www.nytimes.com time to read: +1 min

Taylor Swift was already the most ubiquitous pop star in the galaxy, her presence dominating the music charts, the concert calendar, the Super Bowl, the Grammys. In the days leading up to the release of “The Tortured Poets Department” on Friday, Swift became all but inescapable, online and seemingly everywhere else. A Spotify-sponsored, Swift-branded “library installation,” in muted pink and gray, popped up in a shopping complex in Los Angeles. In Chicago, a QR code painted on a brick wall directed fans to another Easter egg on YouTube. Videos on Swift’s social media accounts, showing antique typewriters and globes with pins, were dissected for clues about her music.

Persons: Taylor Swift, Department ”, Swift, SiriusXM Organizations: Department, Apple, Spotify, Swift Locations: Los Angeles, In Chicago

☆ Xi Jinping’s Green Leap Forward - The New York Times
▼ + stars: | 2024-04-19 | by ( Jacob Dreyer | ) www.nytimes.com time to read: +1 min

He has brushed aside Deng Xiaoping’s maxim “To get rich is glorious” in favor of centralized planning and Communist-sounding slogans like “ecological civilization” and “new, quality productive forces,” which have prompted predictions of the end of China’s economic miracle. In recent years, the transition away from fossil fuels has become Mr. Xi’s mantra and the common thread in China’s industrial policies. It’s yielding results: China is now the world’s leading manufacturer of climate-friendly technologies, such as solar panels, batteries and electric vehicles. Last year the energy transition was China’s single biggest driver of overall investment and economic growth, making it the first large economy to achieve that. This raises an important question for the United States and all of humanity: Is Mr. Xi right?

Persons: Jinping, Deng, Xi Locations: China, United States

☆ Satellite images show Russia's been upgrading its Black Sea Fleet naval base after being pounded by Ukraine's attacks: UK defense ministry
▼ + stars: | 2024-04-19 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Russia has been fortifying its Black Sea Fleet naval base, says the UK's defense ministry. The ministry added that the Black Sea Fleet has become less active after its commander was replaced. NEW LOOK 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 . AdvertisementRussia has been beefing up the defenses for its Black Sea Fleet naval base in Novorossiysk, the UK's defense ministry said in an intelligence dispatch on Thursday.

Persons: — Organizations: Sea Fleet, Service Locations: Russia, Ukraine, Novorossiysk

☆ Here are the 6 stocks that rise when Nvidia shares fall
▼ + stars: | 2024-04-19 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Six stocks in the S & P 500 rise often whenever Nvidia shares fall, according to a CNBC Pro analysis. A correlation of 0 would indicate no statistical link between Nvidia's stock and the share price of the six companies. Correlated returns also do not indicate causation or guarantee future returns or price action patterns. The below table highlights the 10 stocks in the S & P 500 with the strongest inverse correlation with Nvidia's share price. Trivariate Research's Adam Parker also named eight steady growth stocks that could replace Nvidia if investors are concerned that they are overexposed to it.

Persons: Jack Daniel's, Brown, Forman, Henry Schein, Katie Stockton, Trivariate Research's Adam Parker Organizations: Nvidia, CNBC, Electronic Arts, CNBC Pro Locations: U.S, lockstep

☆ Oil prices jump on escalating tensions in the Middle East after strike on Iran
▼ + stars: | 2024-04-19 | by ( Laura He | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —Oil prices jumped on Friday while Asian markets tumbled, with global investors worrying about an escalation in conflict in the Middle East after explosions were reported near the Iranian city of Isfahan. Iran launched the attack in retaliation for a suspected Israeli strike on its embassy compound in Syria earlier this month. “Israel’s response could determine whether oil supplies are ultimately under threat.”Elsewhere, ongoing oil disruptions remain high, the analysts added. In Hong Kong, PetroChina, Asia’s largest oil and gas supplier, advanced 2.3%. Sinopec, the world’s largest oil refining company by capacity, rose 1.3%.

Persons: Brent, Benjamin Netanyahu, Israel, ”, “, Korea’s Kospi, Cosmo Energy Organizations: Hong Kong CNN, CNN, ANZ, United, Stock, Nikkei, China’s, Energy, Eneos Corp, Oil Corp Locations: Hong Kong, Iranian, Isfahan, Israel, Iran, Syria, United States, Mexico, Asia, China’s Shanghai, Tokyo, Seoul

☆ Zuckerberg says Meta's Llama 3 is really good but no chatbot is sophisticated enough to be an 'existential' threat — yet
▼ + stars: | 2024-04-19 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +1 min

Meta launched the latest iteration of its chatbot, Llama 3, on Thursday. Mark Zuckerberg said the chatbot is "state-of-the-art" and has improved reasoning. AdvertisementMeta launched the latest iteration of its AI chatbot on Thursday with Llama 3, and CEO Mark Zuckerberg says it's supposed to be really good. The new model boasts "state-of-the-art" performance on various industry-standard benchmarks and comes with "improved reasoning," according to a company blog post. Meta said that it will integrate the model into its AI assistant, Meta AI, which will be available to use across other Meta products, including Instagram.

Persons: Meta, Mark Zuckerberg, —, it's Organizations: Service, Meta, Business

☆ Aussie, New Zealand dollars tumble on risk-off moves; yen rises
▼ + stars: | 2024-04-19 | by ( ) www.cnbc.com time to read: +4 min

The risk-sensitive Australian dollar tumbled 0.8% to $0.6370, and the New Zealand dollar fell 0.63% to $0.5864. ABC News reported late on Thursday that Israeli missiles have hit a site in Iran, citing a U.S. official. The shift in rate expectations has come on the back of a slew of resilient U.S. economic data that has repeatedly surpassed expectations, alongside still-sticky inflationary pressures. "Although policy easing may arrive a bit later than previously expected, we still believe the FOMC will start cutting rates before the year is out," said economists at Wells Fargo. Against a basket of currencies, the greenback rose 0.1% to 106.28, hovering near a more than five-month high of 106.51.

Persons: Carol Kong, I'm, Kazuo Ueda, it'll, CBA's, Jerome Powell Organizations: New, Hamas, U.S ., U.S, New Zealand, ABC News, Commonwealth Bank of Australia, Bank of Japan, European Central Bank, ECB Locations: New Zealand, Iran, United States, Japan, South Korea, U.S, CBA's Kong, Wells Fargo

☆ Japan's March inflation slows to 2.6%, eyes are now on Bank of Japan move
▼ + stars: | 2024-04-19 | by ( ) www.cnbc.com time to read: +1 min

Japan's core inflation slowed in March due to mild rises in food prices while staying comfortably above the central bank's 2% target, government data showed on April 19, 2024. Japan's core inflation slowed in March due to mild rises in food prices while staying comfortably above the central bank's 2% target, government data showed on Friday. The nationwide core consumer price index (CPI), which excludes fresh food items, rose 2.6% in March from a year earlier after rising 2.8% in February. The "core core" index, which excludes both fresh food and energy costs and is closely watched by the Bank of Japan as a key gauge of broader inflation trends, rose 2.9% after increasing 3.2% in February. The BOJ has said a virtuous cycle of sustained, stable achievement of its 2% price target and strong wage growth was crucial for normalizing policy.

Organizations: Bank of Japan

☆ India heads to the polls in the world's biggest democratic election
▼ + stars: | 2024-04-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndia heads to the polls in the world's biggest democratic electionIndia heads to the polls today in the world's biggest democratic election, where voters will decide whether to hand Prime Minister Narendra Modi a third term. CNBC's Sri Jegarajah reports from Tamil Nadu.

Persons: Narendra Modi Locations: India, Tamil Nadu

☆ Graham Sutherland’s study for the portrait Winston Churchill hated goes up for auction
▼ + stars: | 2024-04-19 | by ( Caitlin Chatterton | ) edition.cnn.com time to read: +7 min

Churchill is talking about his own portrait, commissioned to celebrate his 80th birthday, as it is unveiled in London’s Westminster Hall in November 1954. This painted study of Churchill by Sutherland, made in preparation of the portrait, is up for auction for the first time. Tristan Fewings/Getty Images for Sotheby'sWhile “The Crown” is not a documentary, it is true that the 80th birthday portrait —described by Churchill as “filthy and malignant” in a letter to his personal doctor — was burned. “(Sutherland) caught him in a much more relaxed, intimate way,” Zlattinger said of the study, a small canvas painted in oils. Graham Sutherland, seen with his-then unfinished but eventually much-maligned portrait of Churchill.

Persons: it’s, ” Winston Churchill, John Lithgow, Graham Sutherland, Stephen Dillane, ”, Churchill, ” Sutherland, “, Judas, Churchill’s, Clementine, Harriet Walter, Sutherland, Tristan Fewings, —, ” Andre Zlattinger, “ He’d, He’d, Churchill —, Alfred Hecht, ” Zlattinger, Hatshepsut of, Baron, Queen Elizabeth I, Robert Blyth ,, Elizabeth “, Queen Victoria, Elizabeth, Ira B, Nadel, ” Blyth, Elizabeth I, Blyth, ” Dr Caroline Rae, Stalin, ” Bryn Sayles, Jacob Epstein, Alexis Schwarzenbach, Queen Elizabeth, King George VI, Queen Elizabeth II, Cecil Beaton, Sayles, Gary Oldman’s Organizations: CNN, Hall, Modern, Irish, Sotheby’s New, Royal Museums Greenwich, Art, University College London, Conservative Party Locations: Sotheby’s, Sotheby’s New York, London, Sutherland, Queen, Downing, Suez, Blenheim, Oxford, New York, British, Swiss

☆ Apple deletes WhatsApp, Threads from China app store on orders from Beijing
▼ + stars: | 2024-04-19 | by ( Juliana Liu | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —Apple has removed WhatAapp and Threads from its app store in China, following an order from the country’s internet watchdog which cited national security concerns. “The Cyberspace Administration of China ordered the removal of these apps from the China storefront based on their national security concerns. Other popular Western social media apps including X (formerly Twitter), Facebook, Instagram and Messenger are still available on Apple’s China app store, according to a check by CNN. Chinese consumers who once would have considered Apple are now turning to the country’s national brands. Its CEO Tim Cook visited Shanghai just last month to open the second biggest Apple store in the world.

Persons: Hong Kong CNN —, Duncan Clark, ”, VPNs, Tim Cook, — Hassan Tayir Organizations: Hong Kong CNN, Hong Kong CNN — Apple, Apple, CNN, Administration of China, Meta, BDA China, Facebook, IDC, Huawei Locations: China, Hong Kong, Beijing, United States, Shanghai

☆ China's fiscal stimulus is losing its effectiveness, S&P says
▼ + stars: | 2024-04-19 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

BEIJING — China's fiscal stimulus is losing its effectiveness and is more of a strategy to buy time for industrial and consumption policies, S&P Global Ratings senior analyst Yunbang Xu said in a report Thursday. The analysis used growth in government spending to measure fiscal stimulus. "In our view, fiscal stimulus is a buy-time strategy that could have some longer-term benefits, if projects are focused on reviving consumption or industrial upgrades that increase value-add," Xu said. The head of the top economic planning agency said in March that China would "strengthen macroeconomic policies" and increase coordination among fiscal, monetary, employment, industrial and regional policies. High debt levels limit how much fiscal stimulus a local government can undertake, regardless of whether a city is considered a high or low-income region, the S&P report said.

Persons: Yunbang Xu, Xu Organizations: Global Locations: Nanning, Guangxi Zhuang, China, BEIJING, Shenzhen, Bazhong, Sichuan

☆ Mark Zuckerberg is bringing out the chains and leaning hard into his version of mob chic
▼ + stars: | 2024-04-19 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Zuckerberg wore a navy blue t-shirt and chain necklace while announcing his company's latest AI products on Thursday. At the UFC event, Chan leaned into the "mob wife" aesthetic, pairing her all-black outfit with a gold necklace. Apart from getting super fit, Bezos also makes plenty of bold fashion choices with his fiancé, Lauren Sánchez. The couple turned heads when they sported the "mob chic" look at the Dolce & Gabbana Party at the Milan Fashion Week in January.

Persons: Mark Zuckerberg, —, Zuckerberg, swag, 3BU0z0n9dr, Armand Domalewski, Priscilla Chan, Chan, Jeff Bezos, Bezos, Lauren Sánchez, Jensen Huang Organizations: UFC, Service, Dolce, Gabbana Party, Milan, titans, Meta, Business Insider Locations: Jersey

☆ Inside the world of flying cars, or eVTOLs, which are moving closer to reality
▼ + stars: | 2024-04-19 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +6 min

Source: Alef AeronauticsWhat if flying around in an electric vehicle is a key part of the way you travel in the future? EVTOLs, or electric vertical take-off and landing vehicles, popularly known as flying cars or air taxis, are being developed by firms in the U.S. to Europe and Asia. Four of the most common eVTOLsAn eVTOL aircraft can take off and land vertically. From the technologies they use to take off and land to the fact they're electric, eVTOLs are trying to distinguish themselves from helicopters. While some wealthy individuals may own their electric aircraft, they will more likely be operated in fleets by an operator, as is the case with airlines.

Persons: Lilium, Jim Dukhovny, Tim Draper, EHang Organizations: Aeronautics, JPMorgan, CNBC Tech, Aviation, European Union Aviation Safety Agency, Federal Aviation Administration, Civil Aviation Administration of China, eVTOLs, Alef Aeronautics Alef Aeronautics, Alef Aeronautics, SpaceX, Theranos Locations: U.S, Europe, Asia, —, eVTOLs, United States, China, Munich, Germany, Spain

☆ Critical mineral mining is key to the green transition, but experts warn reputational risks remain
▼ + stars: | 2024-04-19 | by ( Dylan Butts | ) www.cnbc.com time to read: +5 min

Sopa Images | Lightrocket | Getty ImagesMining of critical minerals plays a crucial role in the global green transition, but the broader industry's bad reputation and other challenges present investment barriers, industry experts warn. Critical minerals include metals such as copper, lithium, nickel, cobalt and rare earth elements, and are important components in emerging green technologies such as wind turbines and electric vehicles. Speaking on a panel at Singapore's annual Ecosperity Week, which ended Wednesday, mining industry experts and investors said the growing demand from green tech makes it necessary to increase government support and capital flows into the critical mining sector. Many of the same companies that mine critical minerals also mine environmentally damaging fossil fuels like coal. One area that has seen recent strides and investments has been in the recycling of critical minerals, which cuts down the need of extraction.

Persons: Adam Matthews, Dominic Barton, Barton, Scott Clements Organizations: PT Vale, Getty Images, Global Investor Commission, Mining, Royal Bank of Canada, Rio Tinto, LeapFrog Investments, International Renewable Energy Agency, EV, World Bank, Tribeca Capital Locations: PT Vale Indonesia, China, Paris, Rio, Indonesia's Sulawesi, Rio Tinto, Western Australia

☆ Huawei just gave Tim Cook a new headache in China
▼ + stars: | 2024-04-19 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

AdvertisementTim Cook would like you to think everything is going swimmingly for Apple in China. It's already won over some consumers since launching the Mate 60 Pro series last year. The Huawei Mate 60 rivals the latest iPhone. They expect another decline in iPhone sales in the region in Apple's quarterly earnings on May 2. Cook might be putting on a brave face, but iPhone sales in China may keep sliding if Huawei has its way.

Persons: —, Tim Cook, Cook, there's, It's, They're, Wang Gang, Ivan Lam, Apple Organizations: Apple, Huawei, Service, Bund, Counterpoint Research, Publishing, Washington, Reuters Locations: China, Shanghai's Jing'an, Cook, iPhones, Greater China

☆ Taiwan plays a 'very crucial role' in AI supply chain, says Taiwan Stock Exchange CEO
▼ + stars: | 2024-04-19 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +3 min

watch nowTaiwan plays a critical role in the AI chip revolution and the global semiconductor industry, the chief executive of the Taiwan Stock Exchange told CNBC in an exclusive interview. Sherman Lin, chairman and CEO of Taiwan Stock Exchange Corporation attributed the strong gains on the Taiwan Weighted Index to "the AI revolution." So it means, actually, Taiwan plays [a] very crucial role in AI supply chain and also the semiconductor industry," said Lin. Taiwan also held nearly 80% market share in extreme ultraviolet generation processes, such as 7-nanometer and more advanced technology, said TrendForce. EUV tools are critical in the production of the world's most advanced processors.

Persons: Sherman Lin, Lin, TSMC Organizations: Taiwan Stock Exchange, CNBC, Taiwan Stock Exchange Corporation, Taiwan, Taiwan Semiconductor Manufacturing Co, Apple, Nvidia, TSMC, U.S, ICT, Samsung, Intel Locations: Taiwan, South Korea, China, Japan, U.S

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