Nvidia CEO signals contingency plans amid Taiwan-China tensions
The CEO emphasised that TSMC remains the world’s leading semiconductor manufacturer by a significant margin.
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The CEO emphasised that TSMC remains the world’s leading semiconductor manufacturer by a significant margin.
Sakana AI has reportedly raised approximately 20 billion yen through this latest funding round, though the specific amount contributed by NVIDIA remains undisclosed.
Nvidia’s earnings report, released early on August 29 Japan time, revealed a forecast for the third quarter (August-October) that fell short of market expectations. This miss triggered a steep decline of over 8% in Nvidia’s shares during after-hours trading on U.S. markets. The company's forecast, coupled with issues related to new chip developments, initially spurred a sell-off in Japanese semiconductor stocks. However, the impact was mitigated by Nvidia’s stronger-than-anticipated second-quarter results, which helped to stabilize Japanese stocks related to the semiconductor sector. Additionally, gains in insurance and shipping stocks provided further support to the market.
Key local partners, such as SoftBank and SAKURA Internet, will work alongside Nvidia to develop next-generation AI "factories," massive data centres capable of handling the immense computational needs required for advanced AI.
Market analysts suggest that the upcoming Nvidia earnings report could significantly influence investor sentiment, not just in Japan but across global markets.
AMD is investing $270 million to build two R&D centers in Tainan and Kaohsiung, Taiwan, with significant support from the Taiwanese government.
Market analysts attribute the rally to a combination of factors, chief among them the prospect of the yen stabilizing after weeks of rapid gains against the U.S. dollar.
A comprehensive review of tender documents by Reuters has revealed that despite stringent restrictions, Chinese suppliers, mostly unfamiliar to the public, have facilitated these purchases.