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NEW YORK, June 25 (Reuters) - Shares of Nvidia (NVDA.O) New Tab , opens new tab surged nearly 7% on Tuesday, snapping out of a three-session tailspin that had erased about $430 billion from the artificial intelligence chipmaker's market value. Nvidia's shares finished at $126.09, after a tumble that saw them lose around 13% from their June 18 close of $135.58. The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan May 30, 2017. Bullishness on Nvidia was evident in the options market, though the stock's recent share price slide appears to have made traders more cautious. New Tab , opens new tabSave Share XFacebookLinkedinEmailLink Purchase Licensing Rights

Persons: Tom Hayes, it's, Hayes, Tyrone Siu, Tom Plumb, Plumb, you've, Mario Iachini, Chibuike Oguh, Saqib Iqbal Ahmed, Suzanne McGee, Medha Singh, Lewis Krauskopf, Ira Iosebashvili, Chris Reese, Aurora Ellis, David Gregorio Our Organizations: YORK, Nvidia, Great, Nvidia Corporation, REUTERS, Plumb Funds, Ortex Technologies, Vanda Research, Thomson Locations: New York, Taipei, Taiwan

☆ Nvidia's half-a-trillion dollar wipeout leaves global chip stocks volatile
▼ + stars: | 2024-06-25 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Global semiconductor stocks saw volatile trading on Tuesday after a slump in shares of Nvidia during the previous session. ASML is a key player in the global semiconductor market. ASMI , meanwhile, was up 0.4% while Soitec rose 0.4%, reversing losses earlier in the day as Nvidia shares recovered. Asian semiconductor shares also had a volatile day. Taiwanese chip firm MediaTek's shares fell 1.8%, while South Korean firm Samsung slipped 0.3%.

Persons: chipmaking giant's, ASMI Organizations: Nvidia Corporation, Nvidia, chipmaking, South, Samsung, SK Hynix Locations: Taipei, Taiwan, Europe, Asia, U.S, Switzerland

☆ Nvidia remains a little-known brand despite briefly passing Apple, Microsoft in market cap
▼ + stars: | 2024-06-22 | by ( Kif Leswing | ) www.cnbc.com time to read: +6 min

The other is Nvidia , which for a time this week, surpassed Microsoft to become the largest company in the world by market cap. Nvidia has over 80% of the market for chips used to train and deploy AI software like ChatGPT. 100 on Interbrand's list for 2023 is Japanese camera maker Canon, with Dutch brewer Heineken at No. The risk for Nvidia, Silverman added, is that its "weak brand strength will limit how valuable it will be, despite its market cap heights." Gamers love itHowever, a competing survey shows that Nvidia's brand value is catching up to that of its peers.

Persons: Jensen Huang, Ann Wang, —, Greg Silverman, Interbrand's, Silverman, Interbrand, Kantar BrandZ, Marc Glovsky, Philip Fong Organizations: Reuters Apple, Microsoft, Google, Nvidia, Disney, Netflix, Heineken, Apple, Windows, Samsung, Toyota, Mercedes, Benz, BMW, Nike, Intel, Hewlett Packard Enterprise, CNBC, Nintendo, AFP, Getty, chipmaker, Dell, Vanda Research Locations: Taipei, Taiwan, Korean

☆ Jensen Huang's Nvidia sure hopes the AI bubble doesn't burst anytime soon
▼ + stars: | 2024-06-22 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

AdvertisementHowever, Nvidia's run faces one big risk: it depends on the generative AI boom lasting. Though tech giants, including Apple, Google, Meta, and Microsoft, now appear to have made generative AI their priority, there appears to be awareness of the technology's weaknesses. Google, for instance, was forced to apologize earlier this year after its generative AI image generator created historically incorrect images in response to user requests. For now, though, the industry seems intent on moving ahead with LLM-enabled generative AI. That should keep Nvidia in the race with Microsoft and Apple to a $4 trillion valuation.

Persons: —, Jensen Huang, they've, Dan Ives, Huang, Tim Cook, Yann LeCun Organizations: Service, Nvidia, Microsoft, Apple, Business, Meta, Google, Blackwell, Apple Intelligence, Financial Locations: Taipei

☆ U.S. and China hold first informal nuclear talks in 5 years, eyeing Taiwan
▼ + stars: | 2024-06-21 | by ( ) www.cnbc.com time to read: +3 min

The United States and China resumed semi-official nuclear arms talks in March for the first time in five years, with Beijing's representatives telling U.S. counterparts that they would not resort to atomic threats over Taiwan, according to two American delegates who attended. The United States and China resumed semi-official nuclear arms talks in March for the first time in five years, with Beijing's representatives telling U.S. counterparts that they would not resort to atomic threats over Taiwan, according to two American delegates who attended. The Chinese representatives offered reassurances after their U.S. interlocutors raised concerns that China might use, or threaten to use, nuclear weapons if it faced defeat in a conflict over Taiwan. The two countries briefly resumed Track One talks over nuclear arms in November but those negotiations have since stalled, with a top U.S. official publicly expressing frustration at China's responsiveness. The Pentagon, which estimates that Beijing's nuclear arsenal increased by more than 20% between 2021 and 2023, said in October that China "would also consider nuclear use to restore deterrence if a conventional military defeat in Taiwan" threatened CCP rule.

Persons: interlocutors, David Santoro Organizations: The, Reuters, People's Liberation Army, State Department, U.S, Pentagon Locations: States, China, Taiwan, The United States, Beijing, Taipei, U.S, Washington, Shanghai

☆ My kids go to summer camp in Taipei. They get to learn Chinese and it's cheaper than in the US.
▼ + stars: | 2024-06-18 | by ( Virginia Duan | ) www.businessinsider.com time to read: +4 min

Every year, it seems like the rush to sign my kids up for summer camp begins earlier and earlier. Related storiesInstead, I send my kids to summer camp in Taipei because not only will my children have fun and learn, but they'll be doing so in Chinese. AdvertisementThe author can afford to send her kids to camp in Taipei thanks to the exchange rate and lower costs. Truthfully, many Taiwanese people will try to speak English to my kids even though my kids understand Chinese just fine. For an 8-day, 7-night sleep-away camp for teenagers, the cost for the entire camp would be $711.

Persons: they'll Organizations: Service, Business, UN Locations: Taipei, Taiwan

☆ As China’s Pressure on Taiwan Rises, Departing U.S. Envoy Urges Steady Hand
▼ + stars: | 2024-06-17 | by ( Chris Buckley | Amy Chang Chien | ) www.nytimes.com time to read: +1 min

Near the end of three years as the United States’ chief representative in Taiwan, Sandra Oudkirk has some parting advice: Avoid panic about China’s combative language and moves, but don’t grow numb to the risks. Ms. Oudkirk has been Washington’s de facto ambassador to Taiwan over a time when the island democracy has become a crucible of tensions between Washington and Beijing. China claims that Taiwan is its territory and must accept unification, by armed force if leaders in Beijing decide that is necessary. At times, debate among Taiwanese and American politicians, officials and experts has taken on some tension as well, over which mix of tactics — what military purchases, what reassuring or unyielding words to Beijing, what steps with fellow democracies — could best reduce the risks of war. Ms. Oudkirk, who leaves her post in Taipei early next month, suggested that Taiwan and its partners needed to find a steady path, avoiding both hysteria and complacency.

Persons: Sandra Oudkirk, Oudkirk, — Organizations: United States ’ Locations: United States, Taiwan, Washington, Beijing, China, Taipei

☆ Nvidia to get 20% weighting and billions in investor demand, while Apple demoted in major tech fund
▼ + stars: | 2024-06-17 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Nvidia 's blistering rally will force a major technology exchange-traded fund to acquire more than $10 billion worth of shares of the chip giant while cutting dramatically back on Apple . The index that the Technology Select Sector SPDR Fund (XLK) follows will soon rebalance, based on an adjusted market cap value from Friday's close. As a result, Microsoft and Nvidia will likely have a weight of around 21%, while Apple will fall sharply to about 4.5%, Bartolini said. That is a change from the prior weightings, which saw Nvidia's weight be kept artificially low by index rules. As of June 14, Microsoft and Apple were both at about 22% each in the fund, while Nvidia was just 6%.

Persons: Matthew Bartolini, Bartolini Organizations: Nvidia Corporation, Nvidia, Apple, Microsoft, SPDR, SPDR Americas Research Locations: Taipei, Taiwan, SPDR Americas

☆ Nvidia CEO Jensen Huang is given the rockstar treatment in AI-powerhouse Taiwan
▼ + stars: | 2024-06-07 | by ( Wayne Chang | Will Ripley | ) edition.cnn.com time to read: +6 min

Taipei, Taiwan CNN —When Nvidia surpassed Apple this week to become America’s second most valuable company, its CEO Jensen Huang was being feted like a rockstar in his birthplace Taiwan. Taiwan media has dubbed the phenomenon “Jensanity.”He’s not the only celebrity CEO in town. The United States has imposed a number of restrictions on the export of AI chips to China. Late last year, Chinese tech giants like Tencent were rushing to stockpile AI chips before those curbs took hold. “Taiwan in particular is very important to the semiconductor ecosystem.”People attend Computex 2024 in Taipei, Taiwan, on June 4, 2024.

Persons: Jensen Huang, Huang, ”, gesturing, ” He’s, Lisa Su, Pat Gelsinger, Cristiano Amon, —, isn’t, Hwa Cheng, OpenAI, ” Christopher Miller, China’s, “, CNN Huang, Computex, Lai Ching, AMD’s Su, We’ve, Joe Biden Organizations: Taiwan CNN, Nvidia, Apple, AMD, Intel, Qualcomm, Getty, “ Tech, Technology, CNN, Media, Communist Party, United, “, Chips Locations: Taipei, Taiwan, Computex, AFP, Beijing, United States, China, “ Taiwan, America, Asia

☆ Intel wants to build 'everybody's AI chips,' CEO says, as company plays catch-up with rivals
▼ + stars: | 2024-06-05 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +2 min

Intel wants to regain its position as the world's leading chipmaker, CEO Pat Gelsinger said, after being overtaken by rivals TSMC and Samsung in recent years. "We want to build everybody's chips, everybody's AI chips. Intel seeks to boost its struggling foundry business, which posted a wider operating loss of $7 billion in 2023 versus the prior year. Taiwan Semiconductor Manufacturing Company reportedly overtook Samsung in 2023 to become the world's largest foundry by revenue. It's created a level playing field if I were building a factory in Asia versus U.S.," Gelsinger said.

Persons: Pat Gelsinger, Gelsinger, Biden, It's Organizations: Intel, TSMC, Samsung, CNBC, Samsung Electronics, Taiwan Semiconductor Manufacturing Company, U.S, Nvidia, AMD, Meta, Microsoft, Google Locations: Taipei, offing, U.S, Asia

☆ Nvidia's latest roadmap shows how it plans to keep the lead in the AI chip race
▼ + stars: | 2024-06-03 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +5 min

NVDA .SPX 1Y mountain Nvidia's stock performance over the past 12 months compared with the S & P 500. The fresh details Sunday underscore Nvidia's commitment to roll out a new version of its AI chip platform roughly every year, instead of the two-year cadence it used to follow. In a sign of the competition, Advanced Micro Devices , Nvidia's main rival in the booming AI chip market, also highlighted plans at Computex to release updated processors each year. The product announcements "continue to bolster" Nvidia's AI leadership position, Bank of America analysts wrote to clients Monday. The firm reiterated its price target of $1,500 per share and top-pick designation on Nvidia's stock.

Persons: Rubin, Blackwell, Jensen Huang, Taiwan —, Vera, Hopper, Grace, Vera Rubin —, what's, Goldman, Jim Cramer's, Jim Cramer, Jim, Sam Yeh Organizations: Nvidia, Devices, AMD, Microsoft, Blackwell, Smithsonian, Wall Street, Bank of America, CNBC, AFP, Getty Locations: Blackwell, Taiwan, Computex, Taipei

☆ Stocks making the biggest moves premarket: GameStop, Stericycle, MarineMax, Paramount and more
▼ + stars: | 2024-06-03 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Waste Management , SteriCycle — Shares of medical waste-disposal company Stericycle jumped 16% after Waste Management agreed to buy the company for $7.2 billion. Waste Management fell 1.5%. MarineMax — MarineMax, a recreational boat and yacht services company, popped 19% on a report that OneWater Marine is in talks to buy the company for $40 a share in cash. Boston Beer Company — Shares slid 11% after Bloomberg reported that Japanese brewer and distiller Suntory denied it's in talks to buy the Samuel Adams owner. Paramount Global — Shares added more than 6% after Skydance Media revised its buyout offer for Paramount and gave nonvoting shareholders an option to cash out Paramount Class B shares at a roughly 26% premium to Friday's close.

Persons: Keith Gill, Kitty, Stericycle, —, Cava, Rubin, Blackwell, it's, Samuel Adams, Alex Harring, Brian Evans, Michelle Fox Theobald Organizations: GameStop, AMC Entertainment, AMC, Waste Management, Bloomberg, JPMorgan, Nvidia, AMD, Monday, Sunday, Bank of America, Boston Beer, Suntory, Street, Citi, Spotify, GSK, Autodesk — Autodesk, Paramount, Skydance Media Locations: Cava, Taipei, U.S, Delaware

☆ AMD announces new AI chips amid intensifying competition with Nvidia, Intel
▼ + stars: | 2024-06-03 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

Advanced Micro Devices Inc. unveiled new so-called accelerator chips that it said will be able to run artificial intelligence software faster than rival products. Photographer: David Paul Morris/Bloomberg via Getty ImagesAMD on Monday announced new artificial intelligence chips as it seeks to establish itself as a leader amid competition with the likes of Nvidia and Intel . During a keynote address, Su unveiled the Ryzen AI 300 series for next-generation AI laptops. And in partnership with Microsoft , these chips will power laptops equipped with the tech giant's AI chatbot Copilot. This comes less than two months after AMD's April announcement of new processors that can run AI workloads – the Ryzen Pro 8040 for laptops and the Ryzen Pro 8000 for desktops.

Persons: Lisa Su, David Paul Morris, Su, chatbot, workloads Organizations: Devices Inc, AMD, Bloomberg, Getty, Monday, Nvidia, Intel, Qualcomm, Microsoft Locations: San Jose , California, Taipei

☆ Nvidia, AMD unveil next generation AI technology ahead of Computex in Taiwan
▼ + stars: | 2024-06-03 | by ( Wayne Chang | Laura He | ) edition.cnn.com time to read: +3 min

Taipei/Hong Kong CNN —Nvidia and AMD have separately launched the next generation of their artificial intelligence (AI) chips in Taiwan, as a three-way race with Intel heats up. Jensen Huang, CEO of Nvidia (NVDA), said Sunday that the company would roll out its most advanced AI chip platform, called Rubin, in 2026. The Rubin platform will succeed the Blackwell, which supplies chips for data centers and was announced only in March. But competition is growing, with major competitors AMD (AMD) and Intel (INTC) introducing new products in an effort to challenge Nvidia’s dominance. The new chip will succeed the MI300 and feature more memory, faster memory bandwidth and better computer performance, Su added.

Persons: Jensen Huang, Rubin, Blackwell, Vera, Huang, ”, Richard Windsor, Lisa Su, ” Su, MI300X, Su, MI400, Patrick Gelsinger Organizations: Hong Kong CNN, Nvidia, AMD, Intel, National Taiwan University, Radio Free Mobile Locations: Taipei, Hong Kong, Taiwan, “, we’re, Computex

☆ Nvidia reveals new chip named after an astronomer who discovered dark matter
▼ + stars: | 2024-06-02 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

Nvidia CEO Jensen Huang revealed the Rubin platform at Computex in Taipei. The Rubin, named after astronomer Vera Rubin, comes just months after Nvidia unveiled Blackwell. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . CEO Jensen Huang hesitantly revealed Rubin, the company's latest AI platform, at the Computex conference in Taipei on Sunday. The announcement comes less than three months after Nvidia unveiled its predecessor, the Blackwell chip.

Persons: Jensen Huang, Rubin, The Rubin, Vera Rubin, Blackwell, —, Jensen Huang hesitantly, Huang didn't Organizations: Nvidia, Service, Sunday, Business Locations: Computex, Taipei

☆ Nvidia announces new AI chips months after latest launch as market competition heats up
▼ + stars: | 2024-06-02 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Nvidia on Sunday unveiled its next generation of artificial intelligence chips to succeed the previous model, which was announced just months earlier in March. Nvidia CEO Jensen Huang announced the new AI chip architecture, dubbed "Rubin," ahead of the COMPUTEX tech conference in Taipei. Huang's announcement of Rubin appears to quicken the company's already-accelerated pace of AI chip advancement. Nvidia has pledged to release new AI chip models on a "one-year rhythm," as Huang put it on Sunday. The Rubin chip platform will have new GPUs, the crucial graphic processing technology that helps train and launch AI systems.

Persons: Jensen Huang, Rubin, Blackwell, Huang, Vera Organizations: Nvidia Corp, Nvidia, Technology Conference, Sunday, quicken, AMD, Intel, Companies, Microsoft, Google Locations: San Jose , California, Taipei, we're

☆ Nvidia's Jensen Huang receives a rockstar reception in Taiwan amid a record high stock market
▼ + stars: | 2024-05-31 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

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

☆ Weapons are on the way, U.S. lawmakers tell Taiwan during visit
▼ + stars: | 2024-05-28 | by ( Ryan Nobles | Frank Thorp V | ) www.cnbc.com time to read: +1 min

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

☆ US lawmakers vow to bolster Taiwan’s defense with bipartisan visit days after China’s ‘punishment’ military drills
▼ + stars: | 2024-05-27 | by ( Nectar Gan | ) edition.cnn.com time to read: +6 min

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

☆ China starts military drills around Taiwan days after new president takes office
▼ + stars: | 2024-05-23 | by ( ) www.cnbc.com time to read: +1 min

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

☆ China has launched new drills encircling Taiwan. Why now?
▼ + stars: | 2024-05-23 | by ( Jessie Yeung | Nectar Gan | ) edition.cnn.com time to read: +8 min

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

China launched two days of military drills starting Thursday surrounding Taiwan in what it called a “strong punishment” to its opponents on the self-governing island, after Taiwan’s new president pledged to defend its sovereignty as he took office. The drills were the first substantive response by China to the swearing in of President Lai Ching-te, whom Beijing dislikes, in Taipei on Monday. Mr. Lai’s party asserts Taiwan’s separate status from China, and in a high-profile inaugural speech on Monday, he vowed to keep Taiwan’s democracy safe from Chinese pressure. China, which claims Taiwan as its territory, has mainly responded to Mr. Lai’s speech with sharply worded criticisms. China did not say how many planes and ships it was deploying in the exercise, but the last major drill in multiple locations around Taiwan that China has conducted was in April of last year in response to the visit to Taiwan by the former House speaker, Kevin McCarthy.

Persons: Lai Ching, Kevin McCarthy Locations: China, Taiwan, Beijing, Taipei, Kinmen, Taiwan Strait

☆ Nvidia is talk of the town at AI events leading into this week’s earnings
▼ + stars: | 2024-05-21 | by ( Kif Leswing | ) www.cnbc.com time to read: +6 min

"We're still really early in the AI build," Niles told CNBC's "Money Matters" on Monday. "If you look at today for the AI build out, who's really driving that?" Lam Yik Fei | Bloomberg | Getty ImagesPrior to the recent AI boom, Nvidia was known as the primary maker of chips used for 3D gaming. That's not to say that Nvidia is at risk of losing a ton of the AI chip business to rivals. Piper Sandler analysts expect it to keep at least 75% of the AI accelerator market, even as companies like Google build their own custom chips.

Persons: Jensen Huang, Josh Edelson, Sundar Pichai, that's, Dan Niles, Niles, We're, CNBC's, Bernstein, Mark Zuckerberg, Huang, Lam, Fei, That's, Piper Sandler, Harsh Kumar, Blackwell, Hopper, Morgan Stanley, Joseph Moore Organizations: Nvidia, Intelligence, SAP Center, Afp, Getty, Google, Blackwell, Microsoft, Meta, Niles Investment Management, Cisco, Apple, Nvidia Corp, Bloomberg Locations: San Jose , California, Redmond , Washington, Taipei, Taiwan

☆ Taiwan's new President Lai Ching-te takes office amid tensions with China
▼ + stars: | 2024-05-20 | by ( Sumathi Bala | ) www.cnbc.com time to read: +1 min

A giant screen with a live feed shows Taiwan's President Lai Ching-te delivering his inaugural speech after being sworn into office during the inauguration ceremony at the Presidential Office Building in Taipei on May 20, 2024. Lai takes over from his predecessor Tsai Ing-wen after securing a victory in January's election that ushered in an unprecedented third presidential term for the Democratic Progressive Party. Together with Lai, Hsiao Bi-khim, 52, a former de facto Taiwan ambassador to the United States, was also sworn in as vice president. Lai is widely expected to reaffirm the status quo in cross-strait relations with China. He earlier pledged commitment to Tsai's foreign and defense policies of strengthening the island's ties with the United States and its allies as well as boosting defense capabilities.

Persons: Lai Ching, Yasuyoshi CHIBA, YASUYOSHI CHIBA, Lai, Tsai Ing, Hsiao Organizations: Presidential, Getty, Democratic Progressive Party Locations: Taipei, AFP, China, Taiwan, United States

Taiwan’s incoming president, Lai Ching-te, is poised to take office on Monday, facing hard choices about how to secure the island democracy’s future in turbulent times — with wars flaring abroad, rifts in the United States over American global security priorities, and political divisions in Taiwan over how to preserve the brittle peace with China. Mr. Lai has promised to steer Taiwan on a safe course through these hazards, a theme that he is likely to highlight in his inaugural speech on a public plaza in Taipei. He has said that he will keep strengthening ties with Washington and other Western partners while resisting Beijing’s threats and enhancing Taiwan’s defenses. Yet he may also extend a tentative olive branch to Beijing, welcoming renewed talks if China’s leader, Xi Jinping, sets aside his key precondition: that Taiwan accept that it is a part of China. “We’ll see an emphasis on continuity in national security, cross-strait issues and foreign policy,” said Lii Wen, the international director for Mr. Lai’s Democratic Progressive Party and an incoming spokesman for the new leader.

Persons: Lai Ching, Lai, Xi Jinping, “, ”, Lii Wen, Lai’s Organizations: Washington, Lai’s Democratic Progressive Party Locations: United States, Taiwan, China, Taipei, Beijing

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