Why has Sobha Limited (SOBHA) been underperforming recently - Free Access to Community

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Why has Sobha Limited (SOBHA) been underperforming recently ✌️【Investment Tools】✌️ Free stock selection service with professional advisors offering the best investment portfolio for stable growth. Wearing his signature black leather jacket, Huang spoke Sunday at a packed stadium in the capital Taipei, highlighting the island’s importance in building the infrastructure that underpins artificial intelligence (AI) technology, which has powered Nvidia’s rise to the top.

“Taiwan is the unsung hero, a steadfast pillar of the world,” he said onstage, gesturing to a graphic that showed the names of nearly 100 of the company’s suppliers in Taiwan.

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He’s not the only celebrity CEO in town. A parade of global tech glitterati — including Lisa Su of AMD (AMD), Pat Gelsinger of Intel (INTC) and Cristiano Amon of Qualcomm (QCOM) — also flocked to the city this week to attend Computex, an annual trade show.

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“Tech CEOs are visiting Taiwan both to cement their relationships with the island’s chip manufactures and server assemblers, but also to access the country’s AI talent,” Christopher Miller, author of “Chip War: The Fight for the World’s Most Critical Technology,” told 【 - Free Access to Community 】.

CEOs of major global companies, especially consumer-facing ones, have usually opted for low-key trips to Taiwan or avoided the island altogether to avoid a backlash from Beijing. China’s ruling Communist Party claims the self-governing democracy as its own, despite never having controlled it and has vowed to “reunify” with it, by force if necessary.

Huang has visited his birthplace regularly and raised eyebrows on this trip by his reference to the island.

“Taiwan is one of the most important countries in the world. It is at the center of the electronics industry. The computer industry is built because of Taiwan,” he told a local reporter while visiting a night market.

Beijing generally condemns any suggestion of statehood for Taiwan. And even though Huang’s comment became a hotly trending topic on Chinese social media, the country’s state media has stayed unusually quiet on the subject.

“That’s because they don’t need us, but we need them,” a Weibo user posted on China’s microblogging service.

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“We do a lot of our manufacturing here,” AMD’s Su told 【 - Free Access to Community 】. “Taiwan in particular is very important to the semiconductor ecosystem.”

“We’ve been doing technology, doing engineering, and conducting business here in Taiwan for almost three decades, and we’re going to continue to do so,” he told 【 - Free Access to Community 】.

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In 2022, US President Joe Biden signed the Chips and Science Act into law, aiming to boost domestic production of chips, which stands at about 10% of the global supply, and reducing reliance on Asia for the most advanced kind of chips needed for artificial intelligence technologies.

Gelsinger, CEO of Intel, told 【 - Free Access to Community 】 at a media briefing that there has been a “manufacturing resurgence” after the bill was signed.

“We have great respect for the ecosystem here in Taiwan … But the world needs more geographically balanced and resilient supply chain, and I think it’s starting to take shape,” he said.

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