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AI & Enterprise

Taiwan\'s secret to becoming a semiconductor powerhouse, as seen by Nvidia\'s Jensen Huang

Nvidia CEO Jensen Huang said Taiwan built global competitiveness in semiconductors through decades of cooperation with foreign companies, government industrial policies and accumulated manufacturing expertise. He said partnerships with European firms helped lay Taiwan\'s technical foundation, tracing early efforts back to the 1950s and the entry of Philips. Huang pointed to the growth of TSMC and ASML, PC market expansion, and sustained investment as key factors.

Politics

Elon Musk emerges as top funder for U.S. Republicans as SpaceX federal awards surge

Elon Musk has spent about $366 million on at least 40 U.S. midterm election contests, emerging as the largest individual donor, while SpaceX won $6.78 billion in federal government work over the same period. Filings show much of the spending flowed to Republican groups and America PAC. With Congress overseeing budgets and regulation, attention is focusing on how election outcomes could affect Musk-linked companies, contracts and probes.

Industry

Tesla Megapack supply sold out through 2027, production ramp speeds up

Most of Tesla\'s 2027 supply of its large energy storage system Megapack has been taken up, as demand rises, driven mainly by growth in AI data centres. The International Energy Agency expects global data centre power use to nearly double by 2030. Tesla has started production at its Texas Megapack plant and is strengthening its U.S. battery sourcing by shipping its first Megapack made only with LFP cells produced in Nevada.