Asian executives are eyeing China for future expansion and are bullish on prospects for a rebound in the equities market, a survey by the Far Eastern Economic Review (FEER) magazine found.
"Almost one in three respondents reported that their companies are opening or planning soon to open operations in China," said "Managing in Asia" report writer Nury Vittachi.
The survey was compiled from FEER subscribers in 10 countries and asked executives about their spending and investment patterns.
East Asian investors are bullish that share prices would rise with three out of four respondents investing in equities.
Meanwhile, Australian and South Korean investors favor property investment in contrast to their counterparts in Japan and Hong Kong, who have been hit hard by negative equity, the survey found.
Only 14 percent of respondents have invested in precious metals with a mere four percent investing in futures and options.
Worries about poor economic growth continued to nag with 57 percent of respondents saying the greatest challenge ahead is the poor state of the economy.
Despite rising unemployment, executives said a shortage of skilled workers remained a problem, the survey said.
Executives said their priorities were pressuring suppliers to reduce costs and moving staff to a performance related pay system, reflecting the dark economic cloud hanging over the region.
Japanese respondents topped in executive spending, wielding budgets of US$1.08 million while Malaysians were at the bottom with budgets of only US$780,000, the survey found. Meanwhile, the net worth of executives in Hong Kong, Singapore and Japan is the highest the region, the survey said.
Nvidia Corp’s demand for advanced packaging from Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) remains strong though the kind of technology it needs is changing, Nvidia CEO Jensen Huang (黃仁勳) said yesterday, after he was asked whether the company was cutting orders. Nvidia’s most advanced artificial intelligence (AI) chip, Blackwell, consists of multiple chips glued together using a complex chip-on-wafer-on-substrate (CoWoS) advanced packaging technology offered by TSMC, Nvidia’s main contract chipmaker. “As we move into Blackwell, we will use largely CoWoS-L. Of course, we’re still manufacturing Hopper, and Hopper will use CowoS-S. We will also transition the CoWoS-S capacity to CoWos-L,” Huang said
Nvidia Corp CEO Jensen Huang (黃仁勳) is expected to miss the inauguration of US president-elect Donald Trump on Monday, bucking a trend among high-profile US technology leaders. Huang is visiting East Asia this week, as he typically does around the time of the Lunar New Year, a person familiar with the situation said. He has never previously attended a US presidential inauguration, said the person, who asked not to be identified, because the plans have not been announced. That makes Nvidia an exception among the most valuable technology companies, most of which are sending cofounders or CEOs to the event. That includes
INDUSTRY LEADER: TSMC aims to continue outperforming the industry’s growth and makes 2025 another strong growth year, chairman and CEO C.C. Wei says Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), a major chip supplier to Nvidia Corp and Apple Inc, yesterday said it aims to grow revenue by about 25 percent this year, driven by robust demand for artificial intelligence (AI) chips. That means TSMC would continue to outpace the foundry industry’s 10 percent annual growth this year based on the chipmaker’s estimate. The chipmaker expects revenue from AI-related chips to double this year, extending a three-fold increase last year. The growth would quicken over the next five years at a compound annual growth rate of 45 percent, fueled by strong demand for the high-performance computing
TARIFF TRADE-OFF: Machinery exports to China dropped after Beijing ended its tariff reductions in June, while potential new tariffs fueled ‘front-loaded’ orders to the US The nation’s machinery exports to the US amounted to US$7.19 billion last year, surpassing the US$6.86 billion to China to become the largest export destination for the local machinery industry, the Taiwan Association of Machinery Industry (TAMI, 台灣機械公會) said in a report on Jan. 10. It came as some manufacturers brought forward or “front-loaded” US-bound shipments as required by customers ahead of potential tariffs imposed by the new US administration, the association said. During his campaign, US president-elect Donald Trump threatened tariffs of as high as 60 percent on Chinese goods and 10 percent to 20 percent on imports from other countries.
RSS