Nvidia, AMD to win market share in China as US eases export curbs
Speaking at the China International Supply Chain Expo in Beijing on Wednesday, Nvidia CEO Jensen Huang said he hoped to introduce more advanced chips to China. The H20, designed to comply with US trade curbs, is less powerful than the H200.
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Malay Mail
11 hours ago
- Malay Mail
Taiwan detains three over TSMC ‘trade secret leaks'
TAIPEI, Aug 5 — Taiwanese prosecutors said today they had detained three people after chipmaking giant TSMC reported suspected 'trade secret leaks' relating to a key technology. Taiwan Semiconductor Manufacturing Company alleges a former employee and two current staff may have 'unlawfully obtained' trade secrets, the High Prosecutors Office's Intellectual Property Branch said. The information relates to the firm's 'national core technology', they said. TSMC made the discovery in July after detecting 'unusual access to internal personnel files', the prosecutors said. After speaking to witnesses and collecting evidence, prosecutors said the three defendants were 'strongly suspected' of violating the National Security Act. TSMC is the world's largest contract maker of chips and counts Nvidia and Apple among its clients. In a statement, it said it had taken 'strict disciplinary actions against the personnel involved' in the 'potential trade secret leaks'. 'As the case is now under judicial review, we are unable to provide further details at this time,' TSMC said. The company did not provide details about the technology involved in the suspected leaks. — AFP
Free Malaysia Today
11 hours ago
- Free Malaysia Today
3 nabbed after TSMC reports ‘trade secret leaks'
TSMC did not provide details about the technology involved in the suspected leaks. (EPA Images pic) TAIPEI : Taiwanese prosecutors said today they had detained three people after chipmaking giant TSMC reported suspected 'trade secret leaks' relating to a key technology. Taiwan Semiconductor Manufacturing Company alleges a former employee and two current staff may have 'unlawfully obtained' trade secrets, the high prosecutors office's intellectual property branch said. The information relates to the firm's 'national core technology', they said. TSMC made the discovery in July after detecting 'unusual access to internal personnel files', the prosecutors said. After speaking to witnesses and collecting evidence, prosecutors said the three defendants were 'strongly suspected' of violating the National Security Act. TSMC is the world's largest contract maker of chips and counts Nvidia and Apple among its clients. In a statement, it said it had taken 'strict disciplinary actions against the personnel involved' in the 'potential trade secret leaks'. 'As the case is now under judicial review, we are unable to provide further details at this time,' TSMC said. The company did not provide details about the technology involved in the suspected leaks.
The Star
15 hours ago
- The Star
Tesla awards Elon Musk US$29bil in stock amid compensation battle. What to know
Tesla is awarding Elon Musk around US$29bil (RM 122.60bil) in shares as a legal battle looms over a prior multibillion dollar compensation plan for the chief executive. A special committee of the company's board of directors said the interim pay package would motivate Musk to "stay focused" on Tesla as the electric vehicle maker pivots to robotics and artificial intelligence. Under the pay plan, Musk would receive 96 million shares valued at around US$300 (RM1,268) each as long as he remains in an executive position at Tesla for the next two years. On Musk's social media platform X, the special committee said the executive has not received "meaningful compensation" for his work for eight years. One of the world's richest people, Musk owns about 13% of Tesla shares, making him the largest individual shareholder. The company is worth more than US$969bil (RM4 trillion) based on current share prices. Tesla shares on Monday closed at US$309.26 (RM1,307), up 2%. Why did the board approve this plan? Tesla board members Robyn Denholm and Kathleen Wilson-Thompson said on X that the US$29 billion award is a first step, "good faith" effort to compensate Musk in lieu of a longer term plan. As Musk splits his time and energy among several ventures, including AI startup xAI and space exploration firm SpaceX, Tesla board members said they are eager to keep his attention focused on the electric vehicle maker. Musk has garnered criticism from investors for getting distracted by his temporary role in the Trump administration. Tesla shares have fallen more than 18% this year following significant brand damage and plunging vehicle sales. The company is at a critical turning point where it must pivot to robotics and autonomous driving technology to remain competitive, analysts said. Musk has overseen Tesla's robotaxi launch in Austin, Texas, and frequently touts the potential of the humanoid robot Optimus. "While these impending changes are exciting, the outcomes are not guaranteed," wrote Denholm and Wilson-Thompson. "It is imperative to retain and motivate our extraordinary talent, beginning with Elon." "We are confident that this award will incentivise Elon to remain at Tesla," they wrote. What happened to Musk's previous pay package? A Delaware judge has twice struck down a 2018 executive pay package that would have awarded Musk more than US$55bil (RM 232.51bil) in stock, arguing that Musk exerted unfair control over the negotiation process. In 2018, Tesla shareholder Richard Tornetta sued the company to block the compensation plan, claiming the board misled investors and was not transparent about the approval process. Tornetta and his attorneys also argued that the board was too susceptible to Musk's influence. Chancellor Kathaleen McCormick, the judge in the case, sided with Tornetta and rescinded the entire pay package, calling it an "unfathomable sum." McCormick denied the pay plan again in 2024, after the board held another vote to approve it. Tesla has since appealed McCormick's second decision, citing his contributions to Tesla's growth. "This compensation issue has been a constant concern of shareholders once the Delaware soap opera began," Tesla analyst Dan Ives wrote in a note. If the 2018 plan is ultimately approved after legal battles, the recent US$29bil package will be thrown out to prevent double dipping, the board said. How does Musk's pay compare to other chief executives? The pay package brought to court in 2018 was the largest potential compensation plan for an executive of a publicly traded company, McCormick said, worth 250 times as much as the median peer pay. The new plan is still the highest executive compensation package by far. Blackstone chief executive Stephen Schwarzman earned US$1.39bil in in 2008, compared to the US$29bil interim package for Musk. Another top earner, Palantir CEO Alexander Karp, earned US$1.10bil in 2020. In 2018, Musk agreed to forgo a cash salary for his work at Tesla and instead receive stock options based on his ability to meet company milestones. Board members argue that the value Musk brings to the company is worth hefty compensation. "We can all agree that Elon has delivered the transformative and unprecedented growth that was required to earn all milestones of the 2018 CEO Performance Award," the board's special committee wrote. "Retaining Elon is more important than ever before." – Los Angeles Times/Tribune News Service
