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Major Taiwanese banks, including Mega Financial Holding Co., are halting their advertising on Facebook due to increasing concerns over financial scams on the platform. Chairman Ray Dawn confirmed that his bank has already ceased its advertising efforts, which previously amounted to approximately NT$16 million ($490,000) annually.
Super Micro Computer has appointed BDO as its new auditor and submitted a compliance plan to Nasdaq, resulting in a 23% surge in shares. The company is working to file its overdue 2024 year-end report after facing scrutiny over accounting practices and a DOJ probe. Despite recent challenges, Super Micro"s sales have more than doubled, driven by its partnership with Nvidia.
Taiwan President Lai Ching-te has called for an economic partnership agreement with the European Union to enhance cooperation in semiconductors and artificial intelligence. He emphasized the need for democracies to unite against authoritarianism and secure global supply chains. The EU is interested in Taiwan as a partner under the European Chips Act to reduce reliance on Asian semiconductor production.
Thailand's same-sex marriage legislation, effective January 22, 2025, is projected to attract an additional 4 million tourists annually, generating $2 billion in tourism revenue and creating 76,000 jobs. The law will also grant same-sex couples rights related to adoption, healthcare, and inheritance, positioning Thailand as a leading destination for LGBTQIA+ travelers in Asia.
The AI sector is poised for explosive growth, potentially adding $13 trillion to the global economy by 2030. Key players like Taiwan Semiconductor, Tesla, and Qualcomm are positioned to capitalize on this trend, with Taiwan Semiconductor leading in chip manufacturing, Tesla expanding into AI innovations, and Qualcomm revitalizing its offerings in AI-ready smartphone chips. Investors are encouraged to diversify their portfolios, stay informed on AI advancements, and consider ethical implications while navigating this dynamic landscape.
At the Apec summit, Xi Jinping expressed China's desire for stable relations with the U.S. while warning of potential escalation under a Trump administration, which plans aggressive trade policies. Xi emphasized China's core interests, including Taiwan and development rights, and cautioned against attempts to curb China's influence. The meeting highlighted ongoing tensions between the two superpowers amid a backdrop of trade disputes and geopolitical challenges.
Lotus Pharmaceutical Co., Ltd. reported third-quarter earnings with revenues of NT$5.2 billion and earnings per share of NT$5.98, leading to a 2.6% drop in share price. Analysts maintain a price target of NT$399, forecasting a 22% revenue increase to NT$21.4 billion in 2025, though growth is expected to lag behind industry averages. Despite reaffirmed estimates, concerns remain, including one warning sign for investors.
Super Micro faces potential delisting from Nasdaq due to a late filing of its 2024 year-end report and ongoing compliance issues, including a history of financial misstatements. The company has until Monday to submit a compliance plan, which could grant it an extension of up to 180 days. However, its past compliance history may hinder its chances, as analysts express concerns about customer retention amid these challenges.

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