Taiwan's MF3dTaiwan to Invest $4B in US Industrial Parks Support

Mercedes-Benz and Nvidia extended their partnership to develop next-gen automated driving systems, combining Mercedes' automotive expertise and MB.OS with Nvidia's technology. The collaboration aims to advance safety and innovation in automated driving.

CoreWeave (CRWV) shares rose 6% to $69.69 after Nvidia CEO Jensen Huang reassured investors about its financial strength, reversing a 17% intraday loss. CoreWeave reported a $626M net loss in Q2 despite revenue doubling to $2.6B, with significant interest expenses and capital expenditures. The company has a $104B revenue backlog, but financing costs remain a focus.

NVIDIA (NVDA) reported Q2 net income of $59.69B and operating cash flow of $24.08B. The company agreed to a $6.3B contract with CoreWeave and expanded its partnership with Adobe. NVDA shares fell ~3%. Analysts noted concerns about AI funding and higher financing costs.

Taiwan plans a $4B Texas complex to support Nvidia NVDA and AI hardware makers, including TSMC TSM. The initiative aims to establish a comprehensive supply chain in the US. Taiwan also plans to tighten AI chip exports to China, aligning with US restrictions. Taiwanese companies are investing $20B in the US, separate from TSMC's $265B US expansion.

Taiwan aims to invest $4B in Texas to establish industrial parks supporting Nvidia and other AI hardware manufacturers, fostering a complete supply chain in the US, according to reports.

Taiwan may impose stricter export controls on AI chips to China, aligning with U.S. policies. The move targets chip smuggling, particularly Nvidia AI servers. Super Micro Computer and Nvidia employees were involved in a DOJ investigation over alleged smuggling of Nvidia chips to China.