Latest news with #Hsiao
CNBC
2 days ago
- Automotive
- CNBC
Morgan Stanley upgrades an under-the-radar China robotics play, sees big upside
Investors seeking to ride the robotics wave should consider buying Hesai Group, according to Morgan Stanley. The bank upgraded the U.S.-listed shares of the Chinese tech company to an overweight rating from equal weight. Hesai supplies LiDAR products such as sensors, which are then used in the robotics industry. Shares of Hesai have surged 54% this year. Analyst Tim Hsiao's new price target of $26 per share, up from $23, implies a further upside ahead of 22%. HSAI YTD mountain HSAI YTD chart "We raise our 2026-27 volume forecasts as Hesai continues to gain share amid growing LiDAR adoption in China," Hsiao wrote. "More overseas projects could enhance ASP/margin, while project wins from robo-players could also fuel a second revenue growth driver and lead to potential re-rating." In the Sunday note, Hsiao specified that one reason he was raising his volume forecasts was due to continuous domestic volume share gain. Hesai's volume share continued to rise among suppliers, reaching 37% in May 2025 versus 22% in May 2024. "Despite intensifying competition among Chinese EV players amid a challenging macro environment, LiDAR adoption continues to grow at an unprecedented rate, as more than 1 in 5 NEVs sold in China in May were equipped with LiDAR," Hsiao added. "With near-term headwinds — Li Auto's 2Q volume guidance cut, BYD's sluggish God's Eye model sales — largely reflected in Hesai's share price, we see further volume upside from Xiaomi, Leap Motor, as well as wallet share gain in BYD." The analyst also expects LiDAR adoption to rise as the adoption of L2+ smart driving rises overseas, with Hsiao predicting penetration to reach 15% to 20% in ex-China regions by 2030. Like the existing China market, Hsiao expects that by 2030, it could become a standard safety specification in any vehicles priced above $30,000. Another catalyst also comes in the form of a growing robotics business, he wrote. Potential products that could fit in this category include lawnmowers and humanoids. "We expect robotaxis and smart home robotic appliances to serve as Hesai's second revenue growth driver from 2026 onwards," he added. "In fact, we expect much higher ASP/margin profile from robotaxi players (given more LiDAR units per car), and a TAM of US$5bn for the humanoid/smart home robotics market."
Time of India
21-07-2025
- Politics
- Time of India
Taiwan detects Chinese incursions around territory
Taiwan's Ministry of National Defense detected one Chinese aircraft and five Chinese naval vessels operating around its territorial waters as of 6am Monday (local time). The aircraft crossed the median line and entered Taiwan's northern ADIZ (Air Defence Identification Zone). Explore courses from Top Institutes in Select a Course Category PGDM Product Management Leadership Data Science Digital Marketing Healthcare Technology CXO healthcare Public Policy Degree Cybersecurity Project Management Artificial Intelligence Design Thinking Data Science Data Analytics Finance Operations Management MBA Management Others others MCA Skills you'll gain: Financial Analysis & Decision Making Quantitative & Analytical Skills Organizational Management & Leadership Innovation & Entrepreneurship Duration: 24 Months IMI Delhi Post Graduate Diploma in Management (Online) Starts on Sep 1, 2024 Get Details In a post on X, the MND said, "1 sorties of PLA aircraft and 5 PLAN vessels operating around Taiwan were detected up until 6 a.m. (UTC+8) today. 1 out of 1 sorties crossed the median line and entered Taiwan's northern ADIZ. We have monitored the situation and responded accordingly." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An engineer reveals: One simple trick to get internet without a subscription Techno Mag Learn More Undo Earlier on Sunday, the MND detected two PLA aircraft and four Chinese naval aircraft operating around itself. In a post on X, the MND said, "2 sorties of PLA aircraft and 4 PLAN vessels operating around Taiwan were detected up until 6 a.m. (UTC+8) today. ROC Armed Forces have monitored the situation and responded accordingly." Live Events Meanwhile, Taiwan's Vice President Hsiao Bi-khim reaffirmed the government's firm commitment to national security and regional stability on Friday, amid rising Chinese threats and intensifying geopolitical tensions, Taipei Times reported. Speaking before dozens of foreign correspondents and foreign office representatives in Taipei, Hsiao emphasised that Taiwan continues to navigate one of the world's most complex and contested regions. "Taiwan does not live in a vacuum," she said. "We operate at the centre of one of the world's most dynamic and contested geopolitical environments," Taipei Times quoted her as saying. Hsiao said pressure from China, through military provocations, gray-zone warfare, and economic coercion, has only intensified since President William Lai took office in May 2024. She described China's behaviour as "aggressive military posturing" and "counterproductive," warning that Beijing's efforts to infiltrate and divide Taiwanese society directly undermine the cross-strait status quo. According to Taipei Times, the Vice President outlined Taiwan's multi-layered response to rising threats. "To deter these risks, we are reforming and integrating our national defence strategy, rooted not only in military modernisation, but also in the resilience of our entire society," she said.
eNCA
19-07-2025
- Business
- eNCA
Taiwan 'working around the clock' to strike US tariff deal
TAIPEI - Taiwan's trade negotiators were "working around the clock" to strike a tariff deal with the United States, two weeks before Washington's deadline. Donald Trump has given his trade partners until August 1 to reach an agreement with the White House or be hit with his threatened levies. The US president has so far only announced deals with Indonesia, Britain and Vietnam, alongside an agreement to temporarily lower tit-for-tat tolls with China. Taiwan faces a 32 percent tax and possible duties on semiconductor chips, which are a key driver of the island's economy. "Our negotiators are literally working around the clock to strive to reach an agreement on reciprocal tariffs," Taiwanese Vice President Hsiao Bi-khim told journalists in Taipei. "We are certainly aiming to reach an arrangement by August 1." Trump in April imposed a 10 percent tariff on almost all US trading partners, while announcing plans to eventually hike this level for dozens of countries. But days before the steeper duties were due to take effect on July 9, he pushed the deadline back to August 1. Hsiao said Friday that Taipei wanted a trade deal with Washington that "will benefit both sides". "The United States is indeed a very important trade partner for Taiwan," Hsiao said. Washington also "needs Taiwan in supporting resilient supply chains, in supporting manufacturing and some high-end technologies". "We have really counted on each other in recent years in developing our technologies, our economies and growth and prosperity," Hsiao said. Taiwan is a global powerhouse in chip manufacturing and Trump has previously accused the island of stealing the US semiconductor industry. Around 60 percent of Taiwan's exports to the United States are information and communications technology, which includes chips.
Asahi Shimbun
19-07-2025
- Politics
- Asahi Shimbun
Taiwan will 'not provoke confrontation' with China, vice president says
TAIPEI—Taiwan will not provoke a confrontation with China, the self-ruled island's vice president said Friday, lamenting Beijing's 'aggressive military posturing' against the island democracy that China claims as its own. 'We do not seek conflict. We will not provoke confrontation,' said Bi-khim Hsiao, adding that her government has urged Beijing to communicate 'with parity and respect.' Hsiao, who has served under Taiwanese President Lai Ching-te since their election win last year, said her government has seen 'a dramatic uptick in provocative and proactive CCP efforts to infiltrate, sabotage and divide our society," referring to the Chinese Communist Party. China claims self-ruled Taiwan as its own territory and has repeatedly threatened to annex it, by force if necessary. In recent years, Beijing has ramped up its military intimidation of the island, sending jets and ships nearby almost daily. China refuses to speak with Hsiao and Lai and has labeled them 'diehard 'Taiwan independence' separatists,' a designation for which it has threatened the death penalty. In a notable attempt of alleged intimidation by Beijing, Czech intelligence officials last month said Chinese diplomats planned to stage a car crash during Hsiao's 2024 visit to the country. No crash occurred, but a Chinese official ran a red light while following Hsiao's car. Speaking at the Taiwan Foreign Correspondents' Club in Taipei, Hsiao said she has experienced 'varying degrees of pressure and threats' over the years, including sanctions by China. 'But I will not let that intimidate me or stop me from voicing my views or from voicing the views of the people of Taiwan, and we will continue to be active in the international community,' she said. Regarding recurring U.S. intelligence reports that China may be planning to invade Taiwan before 2027, Hsiao said her government is focused on preempting that. 'Everything we are doing right now is to prevent such a conflict from happening — not just in 2027, but ever,' she said. Taiwan is 'very urgently investing in our self-defense capabilities' in order to deter 'any miscalculation and any attempt at disrupting the peace and stability in the Taiwan Strait,' she added. Taiwan on Friday wrapped up annual military drills, which simulated defenses against a possible invasion by China. The drills included fortifying ports and possible Chinese landing points on the island, as well as civil defense exercises. Taiwan sources most of its weapons from the United States, which is bound by its own laws to provide the island with the means to defend itself. Like most countries, the U.S. does not recognize Taiwan as country, but acts as its main unofficial ally. Washington supports preserving the status quo in Taipei's relationship with Beijing, which means neither side should make a move toward independence or annexation, respectively. Taiwan's relationship with the U.S. is 'very important' and has historically held through different administrations while garnering bipartisan congressional support, Hsiao said. Trade negotiators from the two sides are working 'around the clock' to reach a deal that would pre-empt tariffs of 32% on all Taiwanese goods from coming into effect Aug. 1, she said. Washington lowered tariffs on Taiwanese goods to 10% for 90 days to allow for the trade talks. The tariffs are part of duties President Donald Trump levied against nearly all U.S. trading partners beginning in April, accusing them of running large trade surpluses.
Boston Globe
18-07-2025
- Boston Globe
Lansdowne Pub receives 3-day suspension for bouncer allegedly head-butting patron
Jaden Hsiao testified that after he left the bar, the bouncer grabbed his collar and hit him in the face, giving him a bloody nose, which he sought treatment for at a hospital the next day. Advertisement After reviewing video footage from the night, board commissioner Liam Curran said the bouncer head-butted Hsiao. 'I saw a clear head-butt that was purposeful, head on, violent,' Curran said on Thursday before the board voted to suspend the pub, according to a video of the hearing. The bouncer was fired. The suspension was previously reported by Members also voted to conduct an inspection of the bar after they said managers failed to provide them with their conflict de-escalation plans in a timely manner. The board is also asking the bar whether the bouncer had to undergo a background check, and is requesting documentation of where its security camera are placed, as well as blind spots. Advertisement The confrontation started when the bouncer allegedly called the two patrons an anti-Asian slur, the bar's attorney, Dennis Quilty, told the board. The patrons then used anti-Black slurs against the security person, Quilty said. Hsiao denied using any racial slurs against the bouncer. Hsiao said that he confronted the bouncer after overhearing a conversation in which he used an anti-Asian slur. 'We were a little bit upset so we confronted them a little bit and the whole thing got escalated from there,' Hsiao said. 'What pushed the limits was us hearing that statement ... that's not a nice thing to say.' Hsiao and the other patron did not press charges against the bouncer because they are students and don't want to go through the court process, Hsiao said. 'This licensing board hearing came across [our radars] so we thought it's better if we show up and tell our story,' Hsiao said, explaining why he was not interested in pursuing charges. Katina Kouripines, a risk manager hired by the bar, said the dispute between the bouncer and the two patrons went on for nearly 40 minutes. Hsiao and his friend 'antagonized our door guy,' bar manager Anthony Chuga told the board. Green said the pub can appeal the suspension to the state's Alcoholic Beverages Control Commission. The popular Irish bar on Lansdowne Street, behind Fenway Park, is open daily until 2 a.m. and is known for its live music, according to its website. The bar did not immediately respond to a request for comment Friday. Claire Thornton can be reached at
