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Japan Today
26-07-2025
- Politics
- Japan Today
Taiwan votes to decide whether to oust lawmakers from China-friendly party in closely watched poll
People shoot and hold a slogan reading ''Come Back to Recall'' during a campaign rally to promote recall vote targeting 24 Nationalist Party (KMT) lawmakers in Taipei, Taiwan, Thursday, July 24, 2025. (AP Photo/Chiang Ying-ying) By CHRISTOPHER BODEEN and KANIS LEUNG Taiwanese were voting Saturday to determine whether to oust about one-fifth of their lawmakers, all from the opposition Nationalist Party, in elections that could potentially reshape the power balance in the self-ruled island's legislature. The independence-leaning ruling Democratic Progressive Party won last year's presidential election, but the China-friendly Nationalists, also known as the KMT, and the smaller Taiwan People's Party have enough seats to form a majority bloc. Those who support removing the 24 lawmakers are angry that the KMT and its allies have blocked key legislation, especially the defense budget, and passed controversial changes that are seen as diminishing the power of the executive and favoring China, which considers the island its own territory. The opposition parties' actions sparked concerns among some Taiwanese about the island's democratic integrity and its ability to deter Chinese military threats, leading to the recall campaigns. The scale of the recall elections is unprecedented, with another seven KMT lawmakers facing similar votes on Aug. 23. But the KMT alleged the ruling party was resorting to political retaliation after it lost the legislative majority, saying the recalls were undermining and challenging Taiwan's democratic system. The KMT holds 52 seats, while the ruling DPP holds 51 seats. For the DPP to secure a legislative majority, at least six KMT lawmakers would need to be ousted, and the ruling party would need to win all by-elections, which would need to be held within three months following the announcement of results. For the recall to pass, more than a quarter of eligible voters in the electoral district must vote in favor of the recall, and the total number of supporters must exceed those against. If KMT loses its seats in the recall elections, the party can file new candidates for the by-elections and may be able to win back the seats. Outside a Taipei polling station, voters old and young were waiting in line to cast their ballots. The poll will close at 4 p.m. local time, with results expected on Saturday night. The elections have intensified tensions between those backing the status quo and those favoring improved ties with Beijing. Critics accuse China-friendly politicians of compromising Taiwan and take issue with their meetings with mainland Chinese politicians. But these Taiwanese politicians claim their connections are vital for dialogue given Beijing's refusal to interact with the DPP. When asked about the recall election, China's Taiwan Affairs Office spokesperson Zhu Fenglian said in June that since the administration of Taiwan President Lai Ching-te came into power, it has sought to achieve 'one-party dominance' and practiced 'dictatorship' under the guise of 'democracy," state broadcaster CCTV reported. She was quoted as saying that Lai's government has spared no effort in suppressing opposition parties and those who supported the development of cross-strait relations. Taiwan's mainland affairs council said Wednesday that the Chinese authorities and state media had tried to blatantly interfere with the vote. Leung reported from Hong Kong. © Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
Newsweek
03-07-2025
- Politics
- Newsweek
Taiwan Readies Soldiers, Civilians for Largest China Invasion Drills
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Taiwan began preparations this week for its annual Han Kuang military exercise in response to what its government describes as escalating military pressure from China. The war games—scheduled to last 10 days and nine nights from July 9—are to be the largest ever across Taiwan proper and its outlying islands, officials said. More than 22,000 reservists are due to be mobilized and the exercise is scheduled to run concurrently with island-wide civil defense drills. Why It Matters The Han Kuang exercise will be held against the backdrop of an increased risk of conflict across the Taiwan Strait, a flash point that could drag the United States and China into a major war over Taiwan's future. China claims Taiwan as its own despite Taipei's objections. The United States does not recognize Taiwan's statehood but has political and economic stakes in a peaceful resolution to the decades-long dispute, and is obliged by U.S. law to help Taipei arm itself against a possible attack. The scale and scope of this year's drills reflect the island's growing apprehension, but also its desire to apply lessons learned from recent conflicts in Europe and the Middle East, for example, about asymmetric weapons systems and territorial defense. A Land Sword II ground-to-air missile is launched during a test-fire drill in Taiwan's southern Pingtung county on May 13, 2025. A Land Sword II ground-to-air missile is launched during a test-fire drill in Taiwan's southern Pingtung county on May 13, 2025. Chiang Ying-ying/AP What To Know Taiwan's Defense Ministry is calling up an additional 7,000 reservists to join this year's Han Kuang exercise, said Taipei defense chief Wellington Koo. One of the objectives is to assess how long it would take to ensure reservists are combat ready in wartime, Koo said. Taiwan's armed forces have an active-duty strength of just over 150,000, compared with China's standing army of over 2 million soldiers. This year, days of live-fire training across Taiwan's archipelagic territory will run twice as long as in previous annual drills, according to plans, covering so-called "gray zone" activity that falls short of conflict, anti-landing joint operations as well as a protracted defense of the island's vulnerable sites. The Taiwan army is expected to stage another test of its newly acquired HIMARS rocket launchers alongside indigenous anti-air, anti-ship and ground-attack missiles. For the first time, a convenience store chain will participate in parallel civil defense drills to distribute humanitarian supplies. Other urban training protocols include air-raid guidance and daytime evacuation rehearsals. The 41st Han Kuang exercise will take place amid heightened political animosity across the strait. Taiwan President Lai Ching-te has given four of 10 planned speeches through which he hopes to gird Taiwanese society for mounting Chinese pressure to yield to Beijing's demands. The Chinese government's Taiwan Affairs Office responded this week by calling Lai a "troublemaker" who was "stirring up confrontation across the Taiwan Strait." What People Are Saying Ely Ratner, former U.S. assistant secretary of defense for Indo-Pacific security affairs and now a principal at the Marathon Initiative think tank, told Taiwan's Central News Agency: "Taiwan is on the right track to contribute to deterrence and should continue apace with heightened urgency and resources." Chen Binhua, China's Taiwan Affairs Office spokesperson, said in an press release: "The two sides of the Taiwan Strait belong to the same China…We hope that the vast majority of Taiwan compatriots will resolutely oppose 'Taiwan independence' separatist acts and jointly maintain peace and stability in the Taiwan Strait for the sake of national righteousness and their own well-being." What Happens Next The 41st annual Han Kuang exercise is scheduled from July 9-18. In late July and August, around a quarter of Taiwan's sitting lawmakers—including half of those representing Taiwan's main opposite Kuomintang party—face recall votes, in an unprecedented campaign that could shake up the island's political landscape for years before the next general election in January 2028.
Time of India
26-06-2025
- Automotive
- Time of India
Nvidia's 'one line' has led to almost 500% jump in this technology company's stock, biggest single-day surge of 2025 on Wall Street
FILE - (AP Photo/Chiang Ying-ying, File) Cyngn Inc, a little-known industrial robotics company, has captured Wall Street's attention with a staggering 483% single-day stock surge on Thursday (June 26), skyrocketing from $5 to over $29.25 in just 15 minutes of trading. The catalyst? A subtle nod from Nvidia CEO Jensen Huang in a developer blog post that sent trading volume soaring past 44 million shares -- exceeding the stock's entire 2025 volume combined. The frenzy began Tuesday when Nvidia's blog highlighted Cyngn as a key player among robotics innovators using its AI-powered Nvidia Isaac platform for safe, scalable automation in dynamic environments. What is the Nvidia deal all about The mention, part of a press release during the Automatica 2025 robotics event, marked Cyngn's first appearance on Nvidia's official site. While the market initially slept on the news, momentum built late Wednesday, erupting into Thursday's explosive rally. The collaboration highlights how Cyngn is leveraging the Nvidia Isaac robotics platform to power next-generation autonomous vehicle solutions for industrial applications. 'Cyngn Inc. today announced its collaboration with Nvidia as part of the Automatica 2025 robotics and automation showcase. As featured in NVIDIA's recent blog post, Cyngn was selected among a handful of robotics innovators using NVIDIA Isaac technologies to accelerate safe, scalable autonomy across dynamic, real-world environments.' Cyngn, based in Mountain View, California, specializes in its DriveMod technology, which transforms industrial vehicles like forklifts and tuggers into autonomous mobile robots (AMRs) capable of handling loads up to 12,000 pounds. Requiring no infrastructure changes, DriveMod targets warehouses, factories, and outdoor industrial zones, offering cost-effective automation solutions. The company's integration of Nvidia Isaac enhances its robots' ability to make real-time decisions in complex settings, earning it credibility as a robotics 'leader' in Nvidia's eyes. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 이걸 발견한 후로 다른 모든 게임을 하지 않게 됐어요! 레이드 섀도우 레전드 설치하기 Undo From 100% drop in stock to 500% jump This sudden spotlight contrasts sharply with Cyngn's struggles. The company, public since 2021, reported just $368,000 in revenue for 2024 and $47,000 in Q1 2025, missing analyst estimates for four consecutive quarters. Its stock plummeted 100% over the past year, narrowly regaining Nasdaq compliance in March 2025 after failing to meet the exchange's minimum bid price. Yet, Thursday's rally propelled Cyngn's market cap above $35 million, driven by what traders call Nvidia's 'halo effect'—a phenomenon previously seen with stocks like Navitas Semiconductor, which surged after joining Nvidia's supply chain. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
16-06-2025
- Business
- Time of India
Analyst Warning for Intel: Nvidia, AMD and other customers don't want to use Intel's manufacturing services because…
Intel CEO Lip-Bu Tan delivers a speech during the Computex 2025 exhibition in Taipei, Taiwan, Monday, May 19, 2025. (AP Photo/Chiang Ying-ying) Major chip companies including Nvidia and AMD are reluctant to use Intel 's manufacturing services because they compete directly with Intel's chip-design business, creating a fundamental conflict of interest that threatens the struggling chipmaker's turnaround efforts. Gus Richard, a Northland Capital Markets analyst quoted by the Wall Street Journal, said Intel "can create a design environment that works for Intel, but it's hard if not impossible for anybody else to use." The warning highlights how Intel's unified structure prevents its factories from competing effectively with contract manufacturers like Taiwan Semiconductor Manufacturing Co. (TSMC) and Samsung. Intel's manufacturing operation also lacks the customer-service culture that has made TSMC successful with contract clients, according to the WSJ analysis. The company has struggled to adapt its factories, originally built exclusively for Intel chips, to serve external customers' diverse needs. Breakup pressure mounts as losses spiral The customer acquisition problems have contributed to massive financial losses at Intel's chip factories, which posted a $2.32 billion operating loss in Q1 2025 following $13.4 billion in losses last year. CEO Lip-Bu Tan faces mounting pressure to break up the company as its unified structure appears increasingly unsustainable. Separating Intel's chip-design operations from its manufacturing facilities could solve the critical business problems that have plagued turnaround efforts under former CEO Pat Gelsinger, who was ousted in December after three unsuccessful years, the WSJ reported. Intel's stock has plummeted 65% over five years while rivals AMD more than doubled and Nvidia surged 16 times in value, reflecting investor frustration with the 56-year-old semiconductor giant's struggles. Federal support provides limited relief Intel began preparing for potential separation in September by establishing its factories as a separate subsidiary with independent directors. CFO David Zinsner told the WSJ in January that the company was exploring strategic investments from financial partners and customers. Despite maintaining nearly $9 billion in cash, manufacturing assets valued at over $100 billion, and receiving $7.865 billion in federal CHIPS Act funding , reaching the billions in new revenue needed to make the manufacturing arm profitable remains uncertain. Intel hopes the unit will break even by 2027, having secured customers including Microsoft and Amazon's cloud division, though these represent smaller clients compared to major chip designers. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Glasgow Times
29-05-2025
- Business
- Glasgow Times
Wall Street climbs after US court shoots down Trump's tariffs
The S&P 500 was 0.8% higher in early trading on Thursday. The Dow Jones Industrial Average was up 64 points, or 0.1%, and the Nasdaq composite was 1.4% higher. Technology stocks led the way after Nvidia once again topped analysts' expectations for profit and revenue in the latest quarter. The gains were even bigger in Asia, where markets had the first chance to react to the ruling issued late on Wednesday. Japan's Nikkei added 1.9%. US Court of International Trade in New York found that the 1977 International Emergency Economic Powers Act, which Mr Trump has cited as his basis for ordering massive increases in import duties, does not authorise the use of tariffs. The White House immediately appealed and it was unclear if Mr Trump would abide by the ruling in the interim. The long-term outcome of legal disputes over tariffs remains uncertain. But investors appeared to take heart after the months of turmoil brought on by Mr Trump's trade war. Nvidia shares jumped 6% in off-hours trading after the chipmaker and artificial intelligence bellwether delivered another quarter of robust growth despite tariff-driven turbulence. Nvidia's share price shot up (AP Photo/Chiang Ying-ying, File) Heading into its earnings announcement on Wednesday, Nvidia's share price was right where it was at the beginning of 2025, before Mr Trump took office and started his tariff rollouts. Nvidia's earnings, along with the court's tariff ruling, helped to propel other chipmakers and technology companies higher. Broadcom and Advanced Micro Devices each rose 3.1%, while Super Micro Computer jumped 4%. Apple and Amazon both rose about 2.5%. A three-judge panel ruled on several lawsuits arguing Mr Trump exceeded his authority, casting doubt on trade policies that have jolted global financial markets, frustrated trade partners and raised uncertainty over the outlook for inflation and the global economy. Many of Mr Trump's double-digit tariff hikes – including the huge levies on China – were already paused for up to 90 days to allow time for trade negotiations. But the uncertainty they cast over global commerce has stymied businesses and left consumers wary about what lies ahead. 'Just when traders thought they'd seen every twist in the tariff saga, the gavel dropped like a lightning bolt over the Pacific,' Stephen Innes of SPI Asset Management said. Donald Trump's tariffs have been cast into doubt by a court ruling (AP Photo/Evan Vucci) The ruling was, at the least, 'a brief respite before the next thunderclap,' he said. In Europe at midday, Germany's DAX gained 0.4% and the CAC 40 in Paris jumped 0.8%. Britain's FTSE was unchanged. Japan's Nikkei 225 index jumped 1.9% to 38,432.98. American's largest ally in Asia has been appealing to Mr Trump to cancel the tariffs he has ordered on imports from Japan and to also stop 25% tariffs on steel, aluminum and autos. The ruling also initially pushed the dollar sharply higher against the Japanese yen, but it settled back down overnight. It was trading at 144.98 yen early on Thursday, up from 144.87 yen late on Wednesday. Elsewhere in Asia, Hong Kong's Hang Seng added 1.3% to 23,561.86, while the Shanghai Composite index gained 0.7% to 3,363.45. Australia's S&P/ASX 200 gained 0.2% to 8,409.80. In South Korea, which like Japan relies heavily on exports to the US, the Kospi surged 1.9% to 2,720.64. Shares were also helped by the Bank of Korea's decision to cut its key interest rate to 2.5% from 2.75%, to ease pressure on the economy. Taiwan's Taiex edged 0.1% lower, and India's Sensex lost 0.2%. The yield on the 10-year Treasury rose to 4.52% early on Thursday from 4.47% late on Wednesday. US benchmark crude oil gained 32 cents to 62.16 dollars per barrel. Brent crude, the international standard, added 26 cents to 64.58 dollars per barrel. The euro slipped to 1.1280 dollars from 1.1292 dollars.
