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How COVID-19 trade-offs benefited wealthy globetrotters

It was a warm spring evening in Taipei and more than 100 celebrities, founders, venture capitalists and tech executives gathered for cocktails and hors d’oeuvres. The headline event, a fireside chat, was just an excuse for Taiwan’s best-connected people to socialize, enjoying the kinds of freedoms the rest of the world lacked amid another wave of COVID-19 shutdowns. Notable was that many in the crowd were not long-term residents of Taiwan. While quite a few were born there, or had family connections, most had spent little time in their ancestral homeland while building their lives in Silicon Valley’s tech hub,

How COVID-19 trade-offs benefited wealthy globetrotters

It was a warm spring evening in Taipei and more than 100 celebrities, founders, venture capitalists and tech executives gathered for cocktails and hors d’oeuvres. The headline event, a fireside chat, was just an excuse for Taiwan’s best-connected people to socialize, enjoying the kinds of freedoms the rest of the world lacked amid another wave of COVID-19 shutdowns. Notable was that many in the crowd were not long-term residents of Taiwan. While quite a few were born there, or had family connections, most had spent little time in their ancestral homeland while building their lives in Silicon Valley’s tech hub,

The godfather, US$700 billion and a crazy game of chicken

Global investors are in for a treat. An extremely expensive game of one-upmanship is being played out in the semiconductor industry, where the winners will look like heroes and the rest might not even survive. All told, more than US$700 billion has been pledged over the next decade to expand production capacity for the chips that run smartphones, power data centers and one day will drive vehicles. Samsung Electronics Co is the latest to show its hand, reporting third-quarter numbers that put it on track to post record spending for this year and setting it up for even more next year. In

China is not the AI juggernaut the West fears

The opening scene of a brief online documentary by the state-run China Global Television Network shows jaywalkers in Shenzhen getting captured on video, identified and then shamed publicly in real time. The report is supposed to highlight China’s prowess in artificial intelligence (AI), yet it reveals a lesser-known truth: China’s AI is not so much a tool of world domination as a narrowly deployed means of domestic control. On paper, the US and China appear neck and neck in AI development. China leads in the share of journal citations helped by the fact that it also publishes more while

Japan s chip future lies in a Taiwanese science park

As much as the US pines for the good old days of global semiconductor supremacy, Japan feels its loss of glory even more. Once a dominant name in electronic components, the nation has been overtaken by Taiwan, South Korea, and, more recently, China. Yet Tokyo might have a viable plan to revitalize its domestic sector. “Unlike the purely domestic, independent way it was done in the past, I think we need to cooperate with overseas counterparts,” Akira Amari, a former economy minister and senior member of the ruling Liberal Democratic Party, told Bloomberg News’ Isabel Reynolds and Emi Nobuhiro this week. That is

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