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☆ Taiwan will not back down to threats, its vice president says on U.S. trip
▼ + stars: | 2023-08-14 | by ( ) www.cnbc.com time to read: +1 min

Taiwan will not be afraid nor back down in the face of authoritarian threats, the island's vice president told supporters on a U.S. visit that Beijing has condemned, while reiterating a willingness to talk to China. William Lai, also frontrunner to be Taiwan's next president at January elections, is in the United States on what is officially a transit stop on his way to Paraguay for the inauguration of its new president. Taiwan and the United States both say the stopovers, including one in San Francisco on the way back, are routine, but China has denounced them and called Lai a separatist "troublemaker." Lai told a supporters lunch in New York on Sunday that "if Taiwan is safe, the world is safe, if the Taiwan Strait is peaceful, then the world is peaceful," according to Taiwan's presidential office. "No matter how great the threat of authoritarianism is to Taiwan, we absolutely will not be scared nor cower, we will uphold the values of democracy and freedom," he said.

Persons: William Lai, Lai Organizations: Kuomintang, KMT Locations: Taipei, Taiwan, U.S, Beijing, China, United States, Paraguay, San Francisco, New York

☆ China condemns visit of 'troublemaker' Taiwan VP to US
▼ + stars: | 2023-08-13 | by ( Ryan Woo | ) www.reuters.com time to read: +4 min

China, which claims democratically governed Taiwan as its own territory, has repeatedly denounced Lai's trip, which includes another stopover in San Francisco on Wednesday on his way back to Taipei. In a statement issued shortly after Lai landed in New York on a scheduled flight from Taipei, China's foreign ministry said it opposed any form of visit by "Taiwan independence separatists" to the United States. "Lai stubbornly adheres to the separatist position of Taiwan independence and is a troublemaker through and through," the ministry said. China has stepped up its military activities around Taiwan over the past three years, seeking to force the island into accepting Beijing's sovereignty. In April, China staged war games around Taiwan in an angry response to Taiwan President Tsai Ing-wen meeting U.S. House Speaker Kevin McCarthy in California on a stopover on the way back to Taipei following her visit to Central America.

Persons: William Lai, Carlos Garcia Rawlins, Lai, Lai's, Washington's, Laura Rosenberger, Wang Yi, Joe Biden, Xi Jinping, Tsai Ing, Kevin McCarthy, Ryan Woo, Yimou Lee, Ben Blanchard, William Mallard, Jamie Freed Organizations: Taoyuan International Airport, REUTERS, Carlos Garcia Rawlins BEIJING, Taiwan, U.S, American Institute, Eastern Theatre Command, Liberation Army, Chinese Foreign, Central America, Thomson Locations: Taoyuan, United States, New York, Paraguay, Taiwan, U.S, Beijing, China, San Francisco, Taipei, Taiwan Strait, Washington, California, Central

☆ China condemns visit of 'troublemaker' Taiwan vice president to U.S.
▼ + stars: | 2023-08-13 | by ( ) www.cnbc.com time to read: +1 min

Taiwan's William Lai speaks during a press conference at the Presidential Palace in Taipei on September 5, 2017. China's foreign ministry on Sunday condemned a brief U.S. visit by Taiwan Vice President William Lai, saying he was a separatist and "troublemaker through and through" and Beijing would take strong steps to protect its sovereignty. In a statement issued shortly after Lai landed in New York on a scheduled flight from Taipei, China's foreign ministry said it opposed any form of visit by "Taiwan independence separatists" to the United States. "Lai stubbornly adheres to the separatist position of Taiwan independence and is a troublemaker through and through," the ministry said. "China is closely following developments and will take resolute and vigorous measures to defend national sovereignty and territorial integrity."

Persons: William Lai, Lai, Lai's Organizations: Taiwan Locations: Taipei, U.S, Beijing, New York, Paraguay, China, Taiwan, San Francisco, United States, Taiwan Strait

☆ Taiwan vice president to leave for sensitive trip to U.S.
▼ + stars: | 2023-08-12 | by ( ) www.cnbc.com time to read: +2 min

Taiwan's William Lai speaks during a press conference at the Presidential Palace in Taipei on September 5, 2017. Taiwan Vice President William Lai leaves on Saturday for a sensitive trip to the United States, which China has condemned and Taiwanese officials fear could prompt more Chinese military activity around the democratically governed island. Lai, the front-runner to become Taiwan's president in elections in January, is officially making only transit stops in the United States on his way to and from Paraguay for the swearing in of its president. Neither Taiwan nor the United States have given exact details about his U.S. schedule. Lai went to Honduras last year for the inauguration of its president and had a brief though symbolic chat while there with U.S. Vice President Kamala Harris.

Persons: William Lai, Lai, Laura Rosenberger, Kamala Harris Organizations: Taiwan, American Institute, AIT, U.S Locations: Taipei, United States, China, Lai, Paraguay, Washington, Beijing, Taiwan, New York, Virginia, U.S, San Francisco, Honduras

Vice President Lai Ching-te of Taiwan rose to prominence as a pugnacious opponent of Beijing’s claims over the island. But now, as a leading candidate in Taiwan’s presidential race, he is likely to present a more muted persona when he visits the United States starting Saturday. Expect restraint, not rousing speeches, Taiwanese officials and scholars say. Nonetheless, his stops in New York and San Francisco will be closely watched — in Taiwan, in Beijing and in Washington — for clues to how he might handle crucial relations with the United States and China as president, a top issue in Taiwan’s intense presidential race. And his visit, however low-key, is also likely to prompt an escalation of Chinese military flights and naval maneuvers near Taiwan, bringing into focus the risks of real conflict over its future.

Persons: Lai Ching, Beijing’s, Washington —, there’s, ”, Shu Hsiao, huang, ” Mr, Lai, William Organizations: United States, People’s Liberation Army, Taiwan’s Institute for National Defense and Security Research, Democratic Progressive Party Locations: Taiwan, New York, San Francisco, Beijing, Washington, United States, China, Taipei

☆ GQG Partners adds Nvidia, Amazon, Apple in Q2
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: +1 min

A view of a Nvidia logo at their headquarters in Taipei, Taiwan May 31, 2023. REUTERS/Ann Wang/File PhotoNEW YORK, Aug 11 (Reuters) - Australia-listed investment firm GQG Partners added more shares of Nvidia Corp (NVDA.O) in the second quarter, ending June with $5.9 billion invested in the chipmaker, according to regulatory filings on Friday. Shares in Nvidia are up roughly 180% year to date and reached $1 trillion in market capitalization, amid excitement over advancements in artificial intelligence. GQG held 13.9 million shares of Nvidia at the end of June, or 5.7 million more than it did on March 31. Reporting by Carolina Mandl in New York, editing by Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.

Persons: Ann Wang, Rajiv Jain, GQG, Carolina Mandl, Deepa Babington Organizations: REUTERS, GQG Partners, Nvidia Corp, Nvidia, Reuters, Amazon.com Inc, Apple Inc, Microsoft Corp, Carolina, Thomson Locations: Taipei, Taiwan, Australia, Fort Lauderdale , Florida, New York

☆ Nvidia's AI-driven stock surge pushed earnings multiple three times higher than Tesla's
▼ + stars: | 2023-08-11 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

They're widely viewed as the best chips for training AI models, and Nvidia's financial forecasts suggest insatiable demand. Even with all that momentum and seemingly insatiable demand, baked into Nvidia's stock price is a slew of assumptions about growth, including the doubling of sales in coming quarters and the almost quadrupling of net income this fiscal year. Looking at the last 12 months of company earnings, Nvidia has a price-to-earnings ratio of 220, which is stunningly rich even compared with notoriously high-valued tech companies. Should Nvidia meet analysts' projections, the current price still looks high compared to most of the tech industry, but certainly more reasonable. It's the steepest weekly decline for Nvidia's stock since September of last year.

Persons: Jensen Huang, Piper Sandler, Harsh Kumar, Amazon's, There's, Christopher Gannatti Organizations: Nvidia, Apple, Microsoft, Amazon, Tesla, Google, AMD, Nasdaq Locations: Taipei, Silicon, Friday's, U.S

☆ Japan ex-PM Aso's 'fight for Taiwan' remark in line with official view, lawmaker says
▼ + stars: | 2023-08-10 | by ( Kantaro Komiya | Thomson Reuters | Kantaro Writes About Everything Japan'S Economic Indicators To North Korea'S Missiles To Global Regulation On Ai Companies. His Previous Stories Have Been Published In The Associated Press | ) www.reuters.com time to read: +2 min

Japan's Former Prime Minister and current Vice-President of the ruling Liberal Democratic Party, Taro Aso, speaks during the Ketagalan Forum in Taipei, Taiwan August 8, 2023. Aso's speech angered China, which claims Taiwan as its territory. Keisuke Suzuki, an LDP lawmaker who accompanied Aso's Taiwan visit this week, told the BS Fuji talk show on Wednesday that Aso had discussed the issue with Japanese government officials, indicating that Aso's view did not deviate from the official position. "The comment was not lawmaker Taro Aso's personal remark, but a result of arrangements with government insiders", Suzuki said. Aso's visit, which marked the most senior Japanese political official to visit Taiwan since 1972, when Japan normalised diplomatic relations with China, came as tensions have risen over democratically governed Taiwan amid China's increasing military pressure on the island during the past three years.

Persons: Taro Aso, Carlos Garcia Rawlins, Taro Aso's, Aso, Keisuke Suzuki, Aso's, Suzuki, Joe Biden, White, Hirokazu Matsuno, Kantaro Komiya, Gerry Doyle Organizations: Liberal Democratic Party, REUTERS, Japanese, Beijing, Fuji, United, Taiwan, Thomson Locations: Taipei, Taiwan, TOKYO, Japan, United States, China, Aso's Taiwan, U.S

☆ Taiwan pitches deeper Europe engagement after TSMC Germany investment
▼ + stars: | 2023-08-09 | by ( Ben Blanchard | ) www.reuters.com time to read: +3 min

TAIPEI, Aug 9 (Reuters) - Taiwan chipmaker TSMC's (2330.TW) 3.5 billion euros ($3.83 billion) investment in Germany will drive deeper engagement between the island and Europe, Taiwan's economy minister said on Wednesday, pitching the political benefits of the deal. "TSMC's investment in Europe will help bring even closer cooperation between Taiwan and the EU," Taiwan Economy Minister Wang Mei-hua told reporters in Taipei, when asked if signing the BIA would get more Taiwanese chipmakers to the bloc. Taiwan has repeatedly called for progress on a BIA with the European Union. The EU included Taiwan on its list of trade partners for a potential bilateral investment agreement in 2015, but it has not held talks with Taiwan on the issue since. The TSMC investment in Germany will need approval by Taiwan's economy ministry, and Wang said they will also consider the company's "vigorous" investments at home when weighing the German plans.

Persons: Wang Mei, Wang, TSMC, Ben Blanchard, Jeanny Kao, Stephen Coates Organizations: European Union, BIA, Washington, EU, Trade Organisation, Reuters, Thomson Locations: TAIPEI, Taiwan, Germany, Europe, Beijing, Taipei, United States, Japan

☆ Nvidia unveils an update to a new A.I. chip that hasn't even shipped yet — an aggressive move to keep its crown
▼ + stars: | 2023-08-09 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +9 min

"No one is coming for Nvidia on AI, period, any time soon," Stifel analyst Ruben Roy told CNBC in an interview Wednesday. The new version of Grace Hopper primarily delivers improvements in memory capacity and bandwidth compared with the first-generation product. In practice, improving the memory capacity and bandwidth of the Grace Hopper Superchip should help AI applications run more efficiently and smoothly. Volume production of the improved Grace Hopper Superchip is expected in the second quarter of 2024, according to Nvidia. Open-source software Nvidia's closed-source CUDA software platform – along with a library of pre-trained AI models — has helped establish the company's AI dominance.

Persons: it's, Grace Hopper Superchip, Ruben Roy, Grace Hopper, ChatGPT, Roy, Hopper, Nvidia, Pat Gelsinger, Nvidia's, Omniverse, Jim Cramer, Nvidia hasn't, Jim, enabler —, Jim Cramer's, Jensen Huang, Walid Berrazeg Organizations: Nvidia, Club, Devices, CNBC, Microsoft, Bank of America, AMD, Nvidia DGX, Intel, BMW, Computer, Getty Locations: Taipei

☆ What Cuisine Means to Taiwan’s Identity and Its Clash With China
▼ + stars: | 2023-08-08 | by ( Li Yuan | More About Li Yuan | ) www.nytimes.com time to read: +1 min

Taiwan is a self-ruling island of 24 million people that is officially known as the Republic of China. About only a dozen countries recognize it as a nation because China claims it as one of its provinces. Taiwan is called “Chinese Taipei” by international organizations and at the Olympic Games. The ambiguity of Taiwan’s nationhood contrasts with a growing Taiwanese claim of identity. For many people, it’s through food, one of the things the island is known for, aside from its semiconductor industry.

Organizations: Olympic Games, National Chengchi University Locations: Taiwan, Republic of China, China, Taipei

Japan's Former Prime Minister and current Vice-President of the ruling Liberal Democratic Party, Taro Aso, speaks during the Ketagalan Forum in Taipei, Taiwan August 8, 2023. "I believe that now is the time for Japan, Taiwan, the United States and other like-minded countries to be prepared to put into action very strong deterrence," he said in remarks streamed online. He added that clearly showing the will to defend Taiwan was a form of deterrence. Aso is the most senior Japanese political official to visit Taiwan since 1972. In 2021, Aso, then deputy prime minister, called any invasion of Taiwan by China a "threat to Japan's survival" and said Japan and the U.S. would defend Taiwan together should such an incident happen.

Persons: Taro Aso, Carlos Garcia Rawlins, Aso, Japan's, Tsai Ing, Tsai, Sakura Murakami, Satoshi Sugiyama, Kantaro, Ben Blanchard, Chang, Ran Kim, Gerry Doyle Organizations: Liberal Democratic Party, REUTERS, Japanese, Thomson Locations: Taipei, Taiwan, Japan, United States, Taiwan Strait, China, U.S, TOKYO

☆ Biden signs law implementing first part of U.S. trade pact with Taiwan
▼ + stars: | 2023-08-07 | by ( ) www.reuters.com time to read: 1 min

[1/2] Flags of Taiwan and U.S. are placed for a meeting in Taipei, Taiwan March 27, 2018. REUTERS/Tyrone Siu/File PhotoWASHINGTON, Aug 7 (Reuters) - U.S. President Joe Biden signed legislation on Monday implementing the U.S. and Taiwan's "21st Century" trade initiative and issued a statement saying certain sections of the law "raise constitutional concerns." Biden said he would treat those sections, which require transmission of trade deal drafts to Congress, as non-binding if they "impermissibly infringe upon my constitutional authority to negotiate with a foreign partner." Reporting by Jasper Ward; Editing by Caitlin WebberOur Standards: The Thomson Reuters Trust Principles.

Persons: Tyrone Siu, Joe Biden, Biden, Jasper Ward, Caitlin Webber Organizations: REUTERS, U.S, Thomson Locations: Taiwan, U.S, Taipei

☆ Typhoon Khanun eases off Japan's Okinawa, but islands brace for return
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: +2 min

A screengrab from a handout video shows an aftermath of a typhoon along a street in Nakagami, Okinawa Prefecture, Japan August 3, 2023. TOKYO, Aug 4 (Reuters) - Typhoon Khanun barely moved on Friday in the East China Sea, with predictions that it will approach Japan's Okinawa islands again, raising fears of sustained damage in areas already battered by heavy rain and strong winds over the past two days. In northern Taiwan, land warnings were lifted on Friday and businesses and schools that were shut on Thursday due to the typhoon reopened. In the capital Taipei, more than 200 trees and street signs were downed, but no major damage was reported. Reporting by Satoshi Sugiyama in Tokyo; Additional reporting by Yimou Lee in Taipei; Editing by Sonali PaulOur Standards: The Thomson Reuters Trust Principles.

Persons: Khanun, Satoshi Sugiyama, Yimou Lee, Sonali Paul Organizations: Yuma Nagahama, REUTERS, TOKYO, Japan Meteorological Agency, Okinawa Electric, Naha Airport, Authorities, Thomson Locations: Nakagami, Okinawa Prefecture, Japan, Yuma, Handout, East China, Okinawa, Okinawa's Miyako, Japan's, Naha, Taiwan, Taipei, Tokyo

☆ Typhoon Khanun shuts markets, grounds flights in Taiwan
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +1 min

A tree lies uprooted on a street as typhoon Khanun batters the area in Naha, Okinawa Prefecture Japan in this photo taken by Kyodo on August 2, 2023. TAIPEI, Aug 3 (Reuters) - Northern Taiwan on Thursday shut businesses and schools while airlines cancelled dozens of flights as the slow-moving Typhoon Khanun skirted past the island's northeast amid warnings of floods and high winds. Typhoon Khanun, categorised by Taiwan's weather bureau as the second-strongest typhoon level, slowly headed towards its northeastern coast with maximum winds of 198 kph (123 mph). Northern cities including the capital Taipei shut businesses and schools. Typhoon Khanun comes just a week after Typhoon Doksuri brought heavy rains and strong winds to the Taiwan's south.

Persons: Khanun, Doksuri, Yimou Lee, Sonali Paul Organizations: Kyodo, REUTERS, Thomson Locations: Naha, Okinawa Prefecture Japan, TAIPEI, Northern Taiwan, Taipei, East China, Taiwan, Taipei . Northern, Okinawa

☆ China's sprawling spy agencies are designed to root out the 'five poisons' at home and abroad, British intelligence says
▼ + stars: | 2023-08-03 | by ( Stavros Atlamazoglou | ) www.businessinsider.com time to read: +8 min

Yin Gang/Xinhua via Getty) (Xinhua/Xinhua via Getty ImagesIn a recent report to parliament, the British intelligence services detailed the operations and goals of the Chinese intelligence services. The Chinese intelligence services are also collecting information on the Chinese democracy movement at home and abroad — including in the US — in an attempt to subvert it. According to the British intelligence report, Xi has sought to make Chinese intelligence activity more professional through reform and investment. "In more ways than one, the broad remit of the Chinese Intelligence Services poses a significant challenge to Western attempts to counter their activity," the report said, citing assessments by British intelligence officers. "To compound the problem, it is not just the Chinese Intelligence Services: the Chinese Communist Party co-opts every state institution, company and citizen.

Persons: Yin, Ma Ying, Xi Jinping, Chuang, Gong, Dalai Lama, Murad Sezer, Xi, Xie Huanchi, hoover, Stavros Atlamazoglou Organizations: Chinese Communist Party, intel, Beijing, Service, Ministry of Public Security, Yin Gang, Getty, Xinhua, of State Security, of Public Security, Force, NSA, REUTERS, CCP, of, People, US National Counterintelligence and Security Center, Chinese Intelligence Services, Hellenic Army, 575th Marine Battalion, Army, Johns Hopkins University, Johns Hopkins, School, International Locations: China, Wall, Silicon, Beijing, Xinhua, Taipei, Singapore, Xinjiang, Taiwan, Tibet, Bhutan, Nepal, India, Istanbul, Johns

☆ Foxconn to invest $600 million in India's Karnataka to make iPhone components, chip equipment
▼ + stars: | 2023-08-02 | by ( Munsif Vengattil | Thomson Reuters | Munsif Vengattil Is A Reuters' India Technology Correspondent | ) www.reuters.com time to read: +2 min

Reuters was first to report the investment plans on Wednesday. The investment decisions follow a meeting between Foxconn Chairman Young Liu, Karnataka's IT minister Priyank Kharge, and Industries Minister MB Patil. Prime Minister Narendra Modi is also attracting investors for semiconductor manufacturing, which is his key business agenda currently. In Karnataka, Foxconn will collaborate with Applied Materials on a project for making semiconductor manufacturing equipment, and create jobs for around 1,000 people. India's Tamil Nadu state has also announced that Foxconn will invest $194 million in a new electronic components manufacturing facility that will create 6,000 jobs.

Persons: Ann Wang, Foxconn, Young Liu, Priyank Kharge, Liu, Narendra Modi, Munsif, Aditya Kalra, Himani Sarkar, Jane Merriman, Mark Potter Organizations: REUTERS, Applied Materials, Reuters, Industries, Patil, Micron, Materials, Thomson Locations: Taipei, Taiwan, BENGALURU, India's Karnataka, China, Karnataka, India, Gujarat, Tamil Nadu, Bengaluru

☆ Taiwan boosts counter-espionage effort after suspected China infiltration
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +2 min

Taiwan's armed forces hold two days of routine drills to show combat readiness ahead of Lunar New Year holidays at a military base in Kaohsiung, Taiwan, January 11, 2023. REUTERS/Ann WangTAIPEI, Aug 2 (Reuters) - Taiwan's military vowed on Wednesday to step up counter-espionage efforts as authorities investigated several serving and former military officers suspected of spying for China. China, which is pressing the island to accept its sovereignty, has in recent years mounted a sustained espionage campaign to undermine democratically governed Taiwan's military and civilian leadership, a Reuters investigation has found. "Betraying your own fellow soldiers and country should be punished by law strictly," he said, adding that authorities had been working hard to prevent such incidents happening again. China's Taiwan Affairs Office did not immediately respond to a request for comment.

Persons: Ann Wang, Hsiao, Alex Huang, Yimou Lee, Robert Birsel Organizations: REUTERS, Reuters, army's Aviation, Special Forces Command, Central News Agency, CNA, Chinese Communist Party, Taiwan Affairs Office, Thomson Locations: Kaohsiung, Taiwan, Ann Wang TAIPEI, China, Taoyuan, Taipei

TAIPEI, Aug 2 (Reuters) - Taiwan Vice President William Lai will stop in New York and San Francisco in the United States on his way to and from Paraguay for the inauguration of its new president, Taiwan's presidential office said on Wednesday. Taiwan's government last month announced Lai's transits without specifying details, drawing ire from Beijing, which slammed Lai as a separatist. Lai, the front-runner for the island's presidential vote in January, will stop in New York on Aug. 12 on his way to Paraguay and in San Francisco on Aug. 16 on his way back to Taiwan, the office said. Yui said the arrangement for the U.S. transit was based on the principles of comfort, safety, convenience and dignity. Reporting By Sarah Wu and Yimou Lee; Editing by Jacqueline Wong and Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.

Persons: William Lai, Taiwan's, Lai, Alexander Yui, Yui, Nancy Pelosi, Tsai Ing, Kevin McCarthy, Sarah Wu, Yimou Lee, Jacqueline Wong, Gerry Doyle Organizations: Taiwan, Presidential, ., Central America, Thomson Locations: TAIPEI, New York, San Francisco, United States, Paraguay, Beijing, Taipei, China, Taiwan, Los Angeles, Central

☆ Exclusive: Foxconn EV venture targets India, Thailand for new small car
▼ + stars: | 2023-08-01 | by ( Sarah Wu | ) www.reuters.com time to read: +4 min

[1/3] Mobility in Harmony (MIH) Chief Executive Officer Jack Cheng speaks at an interview with Reuters at the headquarters of Foxconn's EV platform unit in Taipei, Taiwan July 27, 2023. India and Thailand are likely contenders for production sites, he said, adding that he expected India to be crucial to MIH's longer-term growth. "I'm building another Shanghai, probably in India," Cheng said. "If this is a Foxconn plant, fantastic, it's the mother company, we put it into the Foxconn plant. If this is a local India plant and it's even more competitive, give it to the India plant."

Persons: Jack Cheng, Ann Wang, MIH, Cheng, Foxconn, Sarah Wu, Kevin Krolicki, Jamie Freed Organizations: Reuters, Foxconn's, REUTERS, EV, PTT, NIO, HK, Foxconn, Thomson Locations: Taipei, Taiwan, TAIPEI, India, Thailand, Southeast Asia, EVs, China, Shanghai

☆ Foxconn Industrial Internet denies signing deal with Tamil Nadu -report
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +1 min

BEIJING/TAIPEI, Aug 1 (Reuters) - A subsidiary of tech giant Foxconn (2317.TW) said that it had not signed any agreement to invest 16 billion rupees ($194.6 million) in Tamil Nadu, China's Securities Times reported on Tuesday. The government of the southern Indian state of Tamil Nadu said on Monday it has signed a deal with Foxconn for a new electronic components manufacturing facility that would create 6,000 jobs. The Foxconn Industrial Internet (FII) (601138.SS) facility will be built in the Kancheepuram district near the state capital of Chennai, a state government source told Reuters on condition of anonymity as details are not yet public. "We did not sign any investment agreement," FII was quoted as saying by the Securities Times newspaper, adding the company had issued a statement in July refuting similar "rumours." ($1 = 82.2290 Indian rupees)Reporting by Beijing Newsroom and Yimou Lee in Taipei; Editing by Jacqueline Wong and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: FII, Foxconn, Yimou Lee, Jacqueline Wong, Jamie Freed Organizations: China's Securities Times, Foxconn, Securities Times, Beijing Newsroom, Thomson Locations: BEIJING, TAIPEI, Tamil Nadu, Kancheepuram, Chennai, Taipei

☆ This may be the most bullish note we've seen on Nvidia — signaling what's next for the stock
▼ + stars: | 2023-07-31 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Take Club stock Nvidia (NVDA) for example. You can't own Nvidia if that's the data you're using to generate your worldview of future demand, especially after the monstrous run shares have already had this year. After all, those buying Nvidia's chips will need to harvest profits on their investment at some point but 12 to 18 months is a lifetime in the stock market. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. Nvidia CEO Jensen Huang,speaks at the Supermicro keynote presentation during the Computex conference in Taipei on June 1, 2023.

Persons: Jim Cramer, That's, Bernstein, we're, Jim loves NVDA, It's, —, ByteDance, NVDA, Jim Cramer's, Jim, Jensen Huang, Walid Berrazeg Organizations: Nvidia, Semiconductor Manufacturing, Apple, Microsoft, Oracle, CNBC, Getty Locations: China, Taipei

[1/2] FILE PHOTO-The logo of Foxconn is pictured on top of a company's building in Taipei, Taiwan October 31, 2022. The facility will be separate from the current sprawling campus near Chennai where Foxconn assembles Apple's (AAPL.O) iPhones and employs more than 35,000 people, the source said. "This is a major achievement for the state," Tamil Nadu Minister for Industries TRB Rajaa said in a statement, after Foxconn Chairman Young Liu and other representatives met with the state officials including its chief minister. Reuters reported last week that the Foxconn subsidiary was in talks with Tamil Nadu about the investment, with the company aiming for the plant's completion in 2024. Foxconn plans to quadruple the workforce at its iPhone factory in Tamil Nadu by late 2024 in a bid to spread its bets beyond China, Reuters reported last year.

Persons: Carlos Garcia Rawlins, Foxconn, Industries TRB Rajaa, Young Liu, Liu, Foxconn's, Munsif, Yi, Mou Lee, Aditya Kalra, Jamie Freed, Himani Organizations: REUTERS, Industrial, Tamil Nadu Minister, Industries, Foxconn, Sunday, Reuters, Tamil, Thomson Locations: Taipei, Taiwan, CHENNAI, Kancheepuram, Chennai, Tamil, India, Tamil Nadu, China, Bengaluru, Praveen

☆ Years after #MeToo first swept the world, Taiwan races to respond
▼ + stars: | 2023-07-28 | by ( Sarah Wu | ) www.reuters.com time to read: +5 min

TAIPEI, July 28 (Reuters) - Six years after the #MeToo movement rose to global prominence and toppled powerful perpetrators of sexual abuse, Taiwan is racing to reform laws and provide training and support as it reckons with its own wave of complaints. The drama mirrored reality two months ago when an allegation of sexual abuse surfaced that was linked to Taiwan's ruling party. Her criticism of the then-head of the Democratic Progressive Party's women's affairs department for dismissing her complaint went viral. COMPANIES RESPOND TOOBusinesses are also responding by investigating complaints and training staff in preventing abuse. Hsieh said he hoped exposure to the movement at a young age would help his daughters develop a sense of equality.

Persons: Lai Pei, Lai, Chen Chien, jou, Tsai Ing, Chen Chao, Lee Yen, jong, Lee, Peng Yen, Liu Jung, jen, Liu, Yu Mei, Yu, Johnson Hsieh, Hsieh, Sarah Wu, John Geddie, Robert Birsel Organizations: Netflix, Facebook, Democratic Progressive, National Taiwan University, Women's Foundation, Reuters, Taiwan Bar Association, Thomson Locations: TAIPEI, Taiwan, Asia, Taipei

☆ An e-commerce expert says the 2 biggest mistakes Amazon sellers make are related to product selection — and shares 4 keys to picking a product that will help you get to profit as fast as possible
▼ + stars: | 2023-07-28 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

"There are two big mistakes that new sellers make," Tyler Walter, co-founder of product sourcing company 330 Trading, told Insider. "The second big problem we see young e-commerce brands make is trying to expand product categories way too fast." He offered four product selection tips to help you avoid the two most common pitfalls when launching an e-commerce business. Then, "tweak it slightly, start selling it, and prove that it actually works before you go and customize something that's totally new and innovative." Plus, you'll have an advantage if you're selling a product you understand well and use personally.

Persons: Tyler Walter, there's, Walter, Tyler Walter ., Tyler Walter Then, you've Locations: Taipei, Asia

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