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Nvidia's shares slide after-hours as tech giant probes CEO Jensen Huang

Nvidia's shares slide after-hours as tech giant probes CEO Jensen Huang

By Heekyong Yang, Kyu-seok Shim and Tom Westbrook SEOUL/SYDNEY, Nov 9 (Reuters) - Nvidia shares fell in out-of-hours trading on Monday after an internal investigation into whether CEO Jensen Huang had been targeted by a foreign intelligence effort put his future at the AI chipmaker under scrutiny.
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SMIC's History Reflects China's Ambition for Semiconductor Self-Sufficiency Amidst Global Challenges

SMIC's History Reflects China's Ambition for Semiconductor Self-Sufficiency Amidst Global Challenges

Semiconductor Manufacturing International Corporation (SMIC), founded in Shanghai in 2000, has been central to China's efforts to develop domestic semiconductor manufacturing capabilities and reduce reliance on foreign technology. Initially attracting international investment and talent, SMIC rapidly expanded its operations. However, its development has been marked by challenges, including intellectual property disputes, financial difficulties, and increasing government involvement. While SMIC has made significant technological progress, it has struggled to match the advanced manufacturing capabilities of leading global foundries like TSMC. The company's trajectory illustrates how semiconductor manufacturing has become a strategic priority for governments seeking technological and economic independence, particularly as demand for cloud computing, telecommunications, and artificial intelligence grows.
ReutersReuters
Nvidia's out-of-hour shares fall as firm probes CEO Jensen Huang

Nvidia's out-of-hour shares fall as firm probes CEO Jensen Huang

By Heekyong Yang, Kyu-seok Shim and Tom Westbrook SEOUL/SYDNEY, Nov 9 (Reuters) - Nvidia shares fell in out-of-hours trading on Monday after an internal investigation into whether CEO Jensen Huang had been targeted by a foreign intelligence effort put his future at the AI chipmaker under scrutiny.
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Nvidia shares drop after co. investigates whether CEO was 'target of a foreign intelligence effort'

Nvidia shares drop after co. investigates whether CEO was 'target of a foreign intelligence effort'

Shares of Nvidia are sliding before the market open on Monday as the chip company announced an investigation into reports that CEO Jensen Huang was the “target of a foreign intelligence effort.”
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Analysis-Nvidia's clubby board faces a sticky 'honey pot' test

Analysis-Nvidia's clubby board faces a sticky 'honey pot' test

By Ross Kerber Nov 10 (Reuters) - Revelations that Nvidia CEO Jensen Huang had an affair with a businesswoman suspected of being a Chinese spy have forced the chipmaker's board to confront more than ordinary executive misconduct, raising existential questions for the company and concerns about the
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Internal probe into CEO Jensen Huang and 'foreign intelligence' weighs on high-flying Nvidia shares

Internal probe into CEO Jensen Huang and 'foreign intelligence' weighs on high-flying Nvidia shares

Shares of Nvidia are down 5% after the computer chip maker, central to the artificial intelligence race, opened an investigation into reports that CEO Jensen Huang was the “target of a foreign intelligence effort.”
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Trading Day: Broad rebound rally lifts all boats but Nvidia

Trading Day: Broad rebound rally lifts all boats but Nvidia

Nov 9 - Wall Street stocks followed their European counterparts higher on Monday, in a robust tech-driven rebound dominated by chips. Easing crude prices soothed inflation fears and boosted risk appetite.
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Myanmar lobbies US to invest in its rare earths sector, dominated by China

Myanmar lobbies US to invest in its rare earths sector, dominated by China

By Panu Wongcha-um and Devjyot Ghoshal BANGKOK, Nov 10 (Reuters) - Myanmar's military-led government is urging the United States to beef up re-engagement efforts and rapidly boost investment in the war-torn nation's rare earths mines, a critical sector now y dominated by influential giant neighbour
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Chipmakers warn AI demand is creating bottlenecks in automotive supply chain

Chipmakers warn AI demand is creating bottlenecks in automotive supply chain

By Nathan Vifflin MUNICH, Nov 10 (Reuters) - Dutch chipmaker Nexperia is "totally oversubscribed" as suppliers divert manufacturing capacity toward fast-growing AI data centres and away from the mature chips used in cars and industrial equipment, interim CEO Stefan Tilger told Reuters at the
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Nvidia CEO's affair with alleged spy aided $7.5 billion in China chip shipments, Information reports

Nvidia CEO's affair with alleged spy aided $7.5 billion in China chip shipments, Information reports

Nov 10 (Reuters) - Nvidia CEO Jensen Huang's affair with a Chinese businesswoman alleged to be a spy for Beijing facilitated the shipment of at least $7.5 billion worth of the company's chips to Chinese firms, The Information reported on Tuesday, citing two people who know her.
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Europe can compete in robotics and physical AI, top chipmaker CEOs say

Europe can compete in robotics and physical AI, top chipmaker CEOs say

By Nathan Vifflin MUNICH, Nov 10 (Reuters) - The CEOs of top European chipmakers Infineon, STMicroelectronics and NXP said on Monday the region was well positioned to compete with the US and Asia in robotics and "physical AI", building on its traditional strengths in automotive and industrial
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Nvidia investigates whether CEO Jensen Huang was targeted by Chinese spy with whom he had an affair

Nvidia investigates whether CEO Jensen Huang was targeted by Chinese spy with whom he had an affair

Nvidia's board of directors is opening an investigation into reports that CEO Jensen Huang was the “target of a foreign intelligence effort.”