The Daily Edition

The global artificial intelligence semiconductor race is witnessing a shift from high-bandwidth memory (HBM) to advanced packaging as a critical factor in the industry's competitiveness. As AI accelerators become more powerful and incorporate larger amounts of HBM, the need for reliable and efficient packaging capacity to integrate these components has become increasingly important.

President Trump emphasized support for Nvidia CEO Jensen Huang on Sunday, despite the technology firm's board initiating an investigation into Huang's alleged affair with a suspected Chinese spy. The controversy is intensifying, with several members of Congress demanding probes and investors warning the news could tarnish Nvidia's reputation in the AI sector.

During a press conference, Trump was asked about Huang's attendance at an upcoming Asia trip. The president stated, "I don't know, but I'd certainly take him." He added, "I haven't heard that he's done anything wrong. He dealt with somebody but, you know, so does everybody else."

Iraqi Oil Minister Basim Mohammed Khudair has claimed that Iraq is currently producing over 5 million barrels of oil per day, which is over half a million barrels more than its current OPEC production quota. This statement has added complexity to Iraq's efforts to increase its OPEC production allocation. In early October, Iraq joined six other OPEC countries in agreeing to maintain their current production levels for December, putting Iraq's production at 4.431 million barrels per day.

KUALA LUMPUR: Permodalan Nasional Bhd (PNB) has dismissed the need for a complete pullout from Indonesian investments following MSCI's suggestion to reclassify the nation's equity market. The index provider's apprehensions alone are insufficient to warrant an exit, PNB stated. PNB disclosed that it does not hold direct shares in Indonesian equities, with its direct exposure to the country confined to modest fixed-income investments, comprising a negligible fraction of its total assets under management.

A sweeping wiretapping scandal, targeting over six thousand individuals from various walks of life, has emerged in Indonesia, raising serious concerns about the erosion of democracy. Former National Police chief Gen. Listyo Sigit Prabowo and his inner circle are at the center of the alleged illegal wiretapping, but the true scope of the surveillance apparatus extends far beyond.

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