Jensen Huang quits, China trade surplus hits US$1 trillion, Xi-Trump summit

South China Morning Post - Nov 13, 2026

Jensen Huang resigned as chief executive officer of chipmaker Nvidia following an affair with an alleged Chinese spy, boosting the odds of tighter US export controls against China days before the countries’ leaders are due to meet. Huang left the company he founded in 1993 with immediate effect, according to a statement on Thursday. Chief Financial Officer Colette Kress will act as interim chief executive while the board looks for a permanent replacement to head the world’s second-biggest...

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Nov 13, 2026

Personal data of startup support program participants leaked in cyberattack

Personal information of participants of a government-backed startup program has been leaked following a cyberattack against a company supporting the program, the startups ministry said Friday. The artificial intelligence solutions company detected a hacking attack on Wednesday, which compromised the personal data of 20,028 people, including 818 participants of the startup support program, according to the ministry. The leaked information includes the names, phone numbers and email addresses of service users. The data leak took place just months after personal information of 5,000 participants of the startup program was leaked in June in a similar hacking attack. The ministry had announced measures in July to strengthen security for the program and prevent future attacks.

Nov 13, 2026

Jensen Huang’s exit tests Nvidia’s supply chain clout, ability to bankroll AI buildout

For years, Jensen Huang was more than Nvidia’s CEO – he was a key figure driving the artificial intelligence boom, parlaying close ties with Asian chip foundries and aggressive financial backing into an unprecedented global buildout of data centres. Following his sudden resignation, the industry is confronting two immediate questions: without Huang’s personal relationships in Taiwan and South Korea, can Nvidia defend its priority access to scarce chipmaking and memory supply? And will it...

Nov 13, 2026

Microsoft’s attempts to resolve major outage ‘not working as expected’

The tech giant is turning servers off and on again as it works to fix an outage affecting tens of thousands of users around the world.

Nov 13, 2026

[COVER STORY] What's Hoban's next step?

Hoban Group is facing a strategic dilemma over its next move in its ongoing ownership battle with Hanjin Group Chairman Cho Won-tae, as sharp swings in Hanjin KAL’s stock make it increasingly costly for either side to keep buying shares to maintain the top shareholder position. Hoban became Hanjin KAL’s largest shareholder on Nov. 4 after increasing its stake to 20.69 percent, narrowly overtaking the 20.58 percent held by Cho and his affiliates. The shift followed a surge in Hanjin KAL shares. The stock has since become even more volatile. It hit a record high of 245,000 won on Tuesday before plunging to an intraday low of 185,000 won on Thursday and closing at 203,500 won on Friday. The sharp swings have added to the financial burden on both sides as they continue to accumulate shares in their battle for control. Hoban has three possible options for its next move. The first is to sell its stake through a block deal. Hoban could negotiate with Cho around next year's annual shareholders meeting over whether to halt further purchases and participate in Hanjin KAL's board. If an agreement

Nov 13, 2026

Hoban's Hanjin KAL stake gains $822 million in Nov. amid sharp share price swings

Hoban Group’s stake in Hanjin KAL, the holding company of Hanjin Group, gained an estimated 1.1 trillion won ($822 million) in market value this month through Friday, despite sharp share price swings. Its value also rose by about 265.2 billion won from Nov. 4, when Hoban was disclosed as the company’s largest shareholder. Hoban emerged as Hanjin KAL’s second-largest shareholder in 2022 and steadily increased its holdings before overtaking Hanjin Group Chairman Cho Won-tae and related parties. The Nov. 4 disclosure showed that Hoban and related parties held 13,814,053 common shares, or 20.69 percent, narrowly ahead of Cho’s bloc at 20.58 percent. Hanjin KAL shares climbed from 123,900 won on Oct. 30 to 184,300 won on Nov. 4, reaching a closing peak of 239,000 won on Tuesday, a 92.9 percent increase from October’s final close. Profit-taking subsequently pushed the stock down 14.64 percent on Wednesday and another 0.49 percent Thursday. It edged up 0.25 percent Friday to close at 203,500 won. Assuming Hoban’s disclosed shareholding remained unchanged, its stake was worth about 2.8

Nov 13, 2026

Jensen Huang’s abrupt exit stuns Nvidia’s China staff, clouding the outlook in a key market

Jensen Huang’s abrupt resignation stunned some Nvidia staff in China and raised questions about the future of the US chipmaker’s operations in a market its co-founder had spent years cultivating, according to company sources. “It’s the end of an era. I really don’t understand why Huang was asked to resign – no one benefits from him stepping down,” one Nvidia employee in China said, declining to be named as they were not authorised to speak to the media. A second employee said colleagues looked...

Nov 13, 2026

China’s SMIC sees AI computing crunch until 2028 as Nvidia heat risks tighter chip curbs

China’s Semiconductor Manufacturing International Corporation (SMIC) is betting that a relentless data centre buildout will keep artificial intelligence computing power in short supply for the next two years. The bullish forecast comes as scrutiny over former Nvidia CEO Jensen Huang threatens to intensify Washington’s curbs on Chinese access to advanced American processors – a shift that could accelerate China’s reliance on domestic foundries. “By the middle to the second half of 2028 …...

Nvidia’s Jensen Huang resigns after scandal; reports of third affair emerge

Nov 13, 2026

Jensen Huang quits, China trade surplus hits US$1 trillion, Xi-Trump summit

More News

Personal data of startup support program participants leaked in cyberattack

Jensen Huang’s exit tests Nvidia’s supply chain clout, ability to bankroll AI buildout

Microsoft’s attempts to resolve major outage ‘not working as expected’

[COVER STORY] What's Hoban's next step?

Hoban's Hanjin KAL stake gains $822 million in Nov. amid sharp share price swings

Jensen Huang’s abrupt exit stuns Nvidia’s China staff, clouding the outlook in a key market

China’s SMIC sees AI computing crunch until 2028 as Nvidia heat risks tighter chip curbs

Nvidia’s Jensen Huang resigns after scandal; reports of third affair emerge

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[COVER STORY] Ownership battle over Korean Air fuels stock premium, volatility

Hoban gains $822 mil. in Nov. from Hanjin KAL stake