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Yahoo
9 minutes ago
- Yahoo
TSMC Rocked by Trade Secrets Scandal Tied to Next-Gen AI Chips
Taiwan authorities have arrested six individuals tied to a suspected theft of core chipmaking technology from Taiwan Semiconductor Manufacturing Co. (NYSE:TSM), a company that sits at the very center of the global tech supply chain. The arrests came after TSMC flagged former and current employees who may have illegally accessed sensitive information. Prosecutors searched homes from July 25 to 28, and the investigation now centers on whether any data may have leaked externally. TSMC said it caught the issue early through an internal probe, and has already begun legal and disciplinary action against those involved. Several reports suggest the stakes may be tied to TSMC's upcoming 2-nanometer process node, which is expected to enter mass production later this year. The Nikkei reported that multiple employees were fired for allegedly attempting to extract critical technical details. Meanwhile, Taiwan investigators also searched the local office of Tokyo Electron, a key Japanese supplier. That development adds another layer of complexity, as global players double down on chip R&D just as generative AI demand puts semiconductor capabilities under a microscope. For investors, the timing is hard to ignore. Capital expenditures in chipmaking are pushing past $30 billion annually for giants like TSMC and Samsung (SSNLF), while rivals in ChinaHuawei and SMICare still producing at 7nm. In the U.S., Intel is progressing on more advanced nodes. With companies like Meta and DeepSeek pouring billions into AI infrastructure, TSMC's ability to safeguard its IP may become just as important as delivering next-gen performance. What happens next could ripple across the entire AI supply chain. This article first appeared on GuruFocus.
Yahoo
9 minutes ago
- Yahoo
Hong Kong Strikes Back: Billion-Dollar Insurers Face Pressure to Pull Capital Out of Singapore
Hong Kong regulators are dialing up quiet pressure on life insurers like AIA Group Ltd. (AIAGF) to shift investment decision-making back homeafter years of watching it gradually migrate to Singapore. People familiar with the situation say the Hong Kong Insurance Authority (HKIA) began engaging with insurers in early 2024, concerned about growing talent drain and concentrated capital risk as more firms favored Singapore's tax perks and flexible fund structures. While the relocations were allowed, the regulator has become increasingly active behind the scenesrequesting more visibility into where and how investment decisions are made. Warning! GuruFocus has detected 6 Warning Sign with AAIGF. At the center of this capital tug-of-war is AIA's Singapore-based unit, AIA Investment Management Private Ltd., which managed $139 billion at the end of 2024. The VCC structure gave it an operational edge, allowing AIA to shift global equities and private equity strategies south while keeping pensions anchored in Hong Kong. Insiders say high-level investment principles still come from Hong Kong, but it's the Singapore team that selects funds and talks to managers. The HKIA, invoking a guideline known as GL14, has begun examining whether ultimate mandate control remains in the cityand has privately discouraged at least one insurer from moving assets into Singapore's structures. There's no law forcing insurers to run portfolios from Hong Kong. But the HKIA has made its message clear: asset concentration overseas could raise red flags, especially if capital can't move easily in a crisis. Meanwhile, Singapore's Monetary Authority has defended the city-state's growth, attributing it to global demand and operational flexibility, not jurisdiction shopping. Still, with Hong Kong's regional HQ count dropping from 1,457 to 1,410 between 2021 and 2024, and Singapore gaining momentum, the pressure may be just beginning. This article first appeared on GuruFocus. Sign in to access your portfolio
CNN
9 minutes ago
- CNN
Ukraine is ‘on its back foot and pressed against the wall' says Russia expert
Bianna Golodryga speaks to Alexander Gaubev, director of the Carnegie Russia Eurasia Center, following President Trump's decision to move nuclear submarines to "appropriate regions," his ultimatum for Putin on the war with Ukraine, and the latest threats made to India and China.
