Jen-Hsun Huang’s resignation may impact Taiwan’s technology stocks! Scholars warn: It may take some time for vitality to recover

[Real-time News/Comprehensive Report] Huang Renxun, founder of Huida, resigned as CEO, causing concern from the outside world about whether the move of Huida’s headquarters to Taipei will be affected. In this regard, general economist Wu Jialong said that Taiwan's technology stocks will still have an impact, mainly because the market optimism brought by Huang Renxun has now converged, so the price-to-earnings ratio will be revised downwards, and it will take some time to recover.

Wu Jialong said in a Facebook post that the results of the U.S. midterm elections came out and the Democratic Party took control of the House and Senate. At this time, a problem arises. The Republican Party wants to handle the Huida case first before the Democratic Party becomes the majority party in January next year. Do not give the Democratic Party a chance. The key points of the entire case are as follows. The first one is U.S. intelligence The unit came forward to report that Huang Le was a Chinese spy; second, the US intelligence agency had been tracking and monitoring Huang Le for more than a year, and now it had to close the network because of the victory of the Democratic Party in the midterm election; third, the Trump administration had long received an internal intelligence report, but it used it as if nothing had happened. Trump continued to invite Huang to attend the state banquet with Xi Jinping without alerting the enemy.

Wu Jialong pointed out that next, there are the following questions: First, does Huang Renxun know that Huang Le is a spy? It is said that Trump asked Huang Renxun, and Huang Renxun said he did not know. Second, Huida bypassed export controls and indirectly delivered high-end chips to Chinese companies. Who will bear the responsibility? The United States is now classifying the Jen-Hsun Huang incident as a marital affair. It is considered a personal morality and a kind of damage control. It means that Huida will continue to be an important company in the AI ​​era, but it does not want Huang, who is lobbying for the CCP, to remain in office. This may be the direction of operation of the Republican Party, using extramarital affairs to cover up national security issues.

Wu Jialong continued to point out that in other words, there are hawks within the Republican Party. The hawks who are tough on China want to wash away the doves who are loose on China, especially Huang Renxun. In other words, the United States is building a Huida without Huang Renxun! Huida, a leading AI company, must be sustained, but CEO Huang Renxun can be replaced. If this is the case, then the United States will make heavy moves against China in the AI ​​field, and the AI ​​game between the two sides is expected to get more intense! China’s espionage system will not be limited to Huang Le. The United States will seal all these penetration holes. Therefore, China’s AI industry will be hit and it will no longer be able to take and ask for things as before.

Wu Jialong analyzed that for Taiwan, even if some American customers (Google, Apple, Microsoft, Facebook, Qualcomm...) no longer buy Huida's chips, but design their own AI chips, the manufacturing of these chips will still place orders to TSMC, so this part of the business will not have a big impact. However, Taiwan's technology stocks will still have an impact, mainly because the market optimism brought by Huang Renxun has now converged, so the price-to-earnings ratio will be revised downwards, and it will take some time to recover.

Wu Jialong said bluntly that Taiwan must also know how to cooperate with the United States and be mentally prepared to fight against "red infiltration." It should not help Chinese companies launder their production areas and computing power, and should not let Taiwan become a hole in the eyes of the United States.

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