Latest news with #Chiou
Time of India
30-06-2025
- Business
- Time of India
US becomes Taiwan's number 1 export destination surpassing China. Is Beijing losing grip over Taipei
Donald Trump-headed United States surpassed China to become Taiwan's numero uno export destination for Taiwan, said Chiou Jiunn-rong, an economics professor at National Central University, Focus Taiwan reported. The People's Republic of China (PRC) is not the "motherland" of the Republic of China (ROC) and has never owned Taiwan, President William Lai said, as reported by the Taipei Times, according to ANI. Is Beijing Losing Grip over Taiwan Economy? Chiou's comments came after Taiwan's Ministry of Finance announced that exports hit a record USD 51.74 billion in May, fueled by surging global demand for artificial intelligence (AI) products. Information and communication technology (ICT), along with the audio/video sectors, led the growth. According to Focus Taiwan, the US accounted for 30 per cent of Taiwan's total exports in May, overtaking China and Hong Kong, which together made up 27.2 per cent. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like New Barefoot Shoe Has Seniors Walking Off the Weight Barefoot Vitality Undo This shift marks a significant departure from Taiwan's previous export structure, which once saw over 40 per cent of exports sent to China. Chiou noted that such concentration raised economic and geopolitical risks. With global supply chains adjusting and US-China tensions rising, Taiwan's pivot toward the U.S. market reflects broader economic realignment, Focus Taiwan reported. Chiou emphasised that exporting to a high-income country like the US brings distinct advantages, including access to more lucrative markets and stronger demand for advanced goods. He contrasted this with the economic vulnerabilities Taiwan faced when deepening trade ties with China under the 2010 Economic Cooperation Framework Agreement (ECFA), which sparked fears of wage suppression and job losses due to "factor price equalisation." Live Events PRC-ROC Row Continues Delivering the third in a planned series of 10 speeches across Taiwan, President William Lai addressed a Lions Clubs International banquet in Hsinchu, where he outlined external threats posed by China and emphasised Taiwan's sovereign identity. According to the Taipei Times, Lai said that on June 21, the Taiwanese military detected 12 Chinese aircraft, eight of which entered Taiwanese airspace, as well as six Chinese warships operating around the nation. Beyond direct military intimidation, Lai said Taiwan also faces "identity warfare" from China, which seeks to manipulate global perception by falsely claiming that Taiwan is part of its territory. China also engages in espionage targeting Taiwan's military, citing groups such as the Rehabilitation Alliance Party and Taiwan Military Government, which include active and retired personnel, the Taipei Times reported. Lai criticised Beijing's coercion of Taiwanese artists to publicly claim the PRC as their motherland. He stressed this was historically inaccurate, noting that the ROC has a 114-year history, compared to the PRC's 70 years, making the notion of Chinese ownership over Taiwan invalid. Taiwan remains a generous and peaceful society, Lai said, pointing to its aid to China during natural disasters. However, he warned that China exploits Taiwan's goodwill to conduct "united front" infiltration activities, according to the Taipei Times. He also refuted China's attempts to lure Taiwanese youth and entrepreneurs, stating that Beijing's economic decline contradicts its portrayal as a land of opportunity. In contrast, Taiwan's economy has remained strong, supported by proactive government policies aiding global business expansion. FAQs Q1. What is capital of Taiwan? A1. Taipei City is the capital of Taiwan. Q2. What are full forms of PRC, ROC? A2. Full forms of PRC, ROC are -- People's Republic of China (PRC), Republic of China (ROC).
Reuters
16-04-2025
- Business
- Reuters
Exclusive: Nvidia kept some China customers in the dark about new US chip clampdown, sources say
SINGAPORE, April 16 (Reuters) - Nvidia (NVDA.O), opens new tab did not warn at least some major customers in advance about new U.S. export rules it was told about a week ago requiring it to obtain licenses to sell its China-focused artificial intelligence chip, according to two sources familiar with the matter. The U.S. chipmaker disclosed on Tuesday that American officials had informed the company on April 9 that its H20 chip would require an export license for sales to China. The move to restrict H20 shipments marks Washington's latest effort to limit China's access to advanced semiconductors, as the United States seeks to maintain its edge in AI technology. Major Chinese cloud companies were still anticipating H20 deliveries by year-end, unaware of the impending restrictions, according to the two sources, who said Nvidia's China sales team also did not appear to be informed ahead of the public announcement. They spoke on condition of anonymity because of the sensitivity of the matter. Nvidia declined to comment. The export controls threaten Nvidia's business in China, one of its largest markets. Nvidia had secured $18 billion of H20 orders since the start of the year, according to one of the two sources and a third source. China generated $17 billion in revenue, or 13% of Nvidia's total sales, in its last fiscal year that ended on January 26. Nvidia shares fell 6% in after-hours trading on Tuesday after it said it would take up to $5.5 billion of charges in the first quarter ending April 27 due to the licensing requirement, which the U.S. government told it on Monday would be indefinite. The charges are associated with inventory, purchase commitments, and related reserves for H20 products, the company said. Chinese tech giants including Tencent ( opens new tab, Alibaba ( opens new tab and ByteDance, the owner of TikTok, had increased orders for H20 chips amid surging demand for affordable AI models from companies like startup DeepSeek, Reuters reported in February. Alibaba, ByteDance and Tencent did not immediately respond to requests for comment. The H20 is the primary chip Nvidia is legally permitted to sell in China and was launched after the latest round of U.S. export restrictions took effect in October 2023. Washington has banned exports of Nvidia's most advanced chips to China since 2022, concerned that advanced technologies could be used by China to build up its military capabilities. The restrictions on H20 could benefit Chinese AI chipmakers, particularly Huawei, which offers competing products to Nvidia's lineup, analysts said. "By restricting the H20 system, U.S. regulators are effectively pushing Nvidia's Chinese customers toward Huawei's AI chips," said Nori Chiou, investment director at Singapore-based White Oak Capital Partners. "Huawei's chip design and software capabilities are likely to advance quickly as it gains more customers and development experience," Chiou added.
