Seeking Alpha’s roundup of statements and remarks that could impact the technology sector.
- Taiwan Vice Premier Cheng Li-chiun said she told the Trump administration that it would be “impossible” to move 40% of the country’s semiconductor manufacturing capacity to the U.S., as was suggested by U.S. Commerce Secretary Howard Lutnick last week.
“I have made it very clear to the United States that this is impossible,” she said during an interview with Taiwanese TV station CTS, according to Reuters.
“Our international expansion, including increased investment in the United States, is based on the premise that we remain firmly rooted in Taiwan and continue to expand investment at home,” she added.
Taiwan Semiconductor (TSM) is currently the world’s largest chipmaker, producing chips for industry heavyweights such as Nvidia (NVDA) and Advanced Micro Devices (AMD).
- Workday (WDAY) announced that co-founder and Executive Chair Aneel Bhusri was returning as CEO, effective immediately, succeeding Carl Eschenbach, who will also leave Workday’s board but remain with the company as a strategic advisor to Bhusri.
“As we enter a defining moment shaped by AI, there is no one better than Aneel to lead this next chapter. His vision, conviction, and deep connection to Workday’s culture will position the company to continue to lead in a changing landscape,” said Workday Vice Chair Mark Hawkins in a statement.
- Short seller Capitalwatch has revised a negative report on AppLovin (APP) that accused shareholder Hao Tang of financial crimes, stating that it has determined the report contained significant inaccuracies.
“In light of these factual discrepancies—and to prevent the spread of misinformation and protect the legal rights of the parties involved—we have decided to remove and retract the passages relevant to Mr. Tang personally,” Capitalwatch wrote in a long post on X.
“Capitalwatch extends its sincere apologies to Mr. Tang for the distress caused and the potential impact on his personal reputation. We recognize the gravity of personal reputation and believe that any unfounded associations must be promptly corrected,” it added.
Capitalwatch issued the report last month.