Jensen Huang says that ‘without TSMC, there is no NVIDIA’

It’s safe to say that much of the world’s semiconductors run on designs built by Taiwan Semiconductor Manufacturing Co. (TSMC). At the last estimate, the company accounted for about 64 percent of the world’s contract chip manufacturing.

These designs are powering many of the AI technology breakthroughs that NVIDIA is developing. With that in mind, it might come as little surprise that Jensen Huang, NVIDIA’s CEO, had nothing but praise for TSMC during its recent Sports Day event.

Huang went as far as to say that NVIDIA wouldn’t exist without TSMC.

## Jensen Huang Honors TSMC at Sports Day

The comments were made during TSMC’s Sports Day, a recent event held at a stadium in Taiwan, as reported by the online news outlet Focus Taiwan. Huang expressed his admiration for TSMC’s pivotal role in NVIDIA’s history and its broad impact on technology, stating:

> “Without TSMC, there is no NVIDIA today. You are really the pride of Taiwan, you are also the pride of the world. Thank you for helping me build NVIDIA.”

## A Collaborative Partnership Spanning Three Decades

NVIDIA and TSMC have been working closely together for nearly 30 years. NVIDIA has consistently benefited from TSMC’s technological breakthroughs, which are integral to the development of NVIDIA’s cutting-edge products, including the Blackwell AI chips.

With such an extensive history of success, Huang clearly has more than a vested interest in maintaining strong relations with TSMC—especially as the company and the Taiwan region face challenges in trade and export negotiations with the United States government.

This enduring partnership continues to be a cornerstone for innovation in the semiconductor industry and artificial intelligence technology worldwide.
https://www.shacknews.com/article/146757/jensen-huang-tsmc-pride-of-the-world

Jensen Huang says that ‘without TSMC, there is no NVIDIA’

It’s safe to say that much of the world’s semiconductors run on designs built by Taiwan Semiconductor Manufacturing Co. (TSMC). At the last estimate, the company accounted for about 64 percent of the world’s contract chip manufacturing. These designs are also powering many of the AI technology breakthroughs that NVIDIA is spearheading.

With that in mind, it might come as little surprise that Jensen Huang, NVIDIA’s CEO, had nothing but praise for TSMC during its recent company Sports Day. In fact, Huang went as far as to say that NVIDIA wouldn’t exist without TSMC.

Huang made these comments during TSMC’s Sports Day event, as reported by online news outlet Focus Taiwan. This past weekend, Huang attended the celebration held at a stadium in Taiwan. There, he acknowledged TSMC’s crucial role in NVIDIA’s history and its broader impact on technology:

> “Without TSMC, there is no NVIDIA today. You are really the pride of Taiwan, you are also the pride of the world. Thank you for helping me build NVIDIA.”

NVIDIA and TSMC have been collaborating for nearly 30 years. Throughout this time, NVIDIA has leveraged the technological breakthroughs developed by TSMC in its own products, including NVIDIA’s cutting-edge Blackwell AI chips.

Given this long-standing history and success together, Huang clearly has more than a vested interest in maintaining strong relations with TSMC—especially as the company and the Taiwan region navigate ongoing tensions with the United States government over trade and export policies.
https://www.shacknews.com/article/146757/jensen-huang-tsmc-pride-of-the-world

Has the AI jobs bloodbath finally arrived? Amazon and UPS have each just replaced 14,000 jobs with AI

**Amazon and UPS Job Cuts Amid AI Boom: What the Numbers Really Say**
*By Ross Clark | Spectator World | October 29, 2025*

There has been much wallowing over news that Amazon and UPS have each just cut 14,000 jobs. Some Amazon employees report being fired with all the heartlessness you might expect in a world dominated by technology: by automated email. Maybe it was even AI which handpicked them to be de-emphasized, to use that dreaded 1990s expression.

This, then, seems to be the future: where an elite of AI entrepreneurs grow rich while the rest of us slip into idleness and unemployment. So much for those who have been gleefully predicting the implosion of the AI boom.

Nvidia has just been revealed to be the world’s first $5 trillion company, with a market capitalization greater than the whole of Germany. There is just one thing wrong with this analysis — and not just because it is hazardous to treat Amazon as if it were the entire economy (even if it sometimes seems to be so).

If there are job losses in some areas, it doesn’t show up in the overall employment figures. The US Bureau of Labor Statistics recently reported that the number of payrolled positions was up another 22,000 in August. While job creation has been a little on the quiet side since April, employment is up 1.466 million over the past 12 months, following on from a few thumping years of job creation.

This is a remarkably dry bloodbath.

It has become received wisdom in recent years that AI is the industrial revolution of the white-collar classes. Where agricultural workers saw their jobs ravaged by the development of threshing machines, and later factory workers found themselves made redundant by more efficient machinery, now it is the turn of the professional classes. Lawyers, accountants, marketing people — all will be swept aside as AI romps through their professions.

Yet, take a look at the employment figures and they tell a more nuanced story.

“Professional and business services” show a fall, down 55,000 payrolled positions over the past year. Yet there has been a huge expansion in jobs in “private education and health services,” both industries slated for mass job losses thanks to AI, but which have grown by 862,000 jobs over the past 12 months.

If we are using AI to do our accounts, we do not—at least yet—seem to be using it to educate our children or to care for our dodgy knees.

The biggest source of job losses over the past 12 months has been in manufacturing, where 78,000 jobs have been lost — continuing a tale of the past few decades as rustbelt industries shed jobs. Whether or not AI is responsible for some of that, the figure certainly doesn’t say much for Donald Trump’s trade wars. Wasn’t that the whole point of the tariffs — to protect US manufacturing jobs?

If AI does go on to lead to a mass net destruction of jobs, it would be the first technology in history to do so. Similar claims have been made about all labor-saving technologies in history, from ploughs to power looms to robotics. Yet for every job they destroyed, they provoked the creation of more than one new job in some other industry. They freed up labor to be used elsewhere, enriching society in the process.

Why should we expect AI to be any different?

There is just one way in which AI is a bit different, though: it has a habit of consuming its own children. Among the jobs being lost at the moment is reportedly a large number of coding jobs, as AI begins to do the work of the very people who have been creating it.

Unless you are right at the forefront of the coding profession, you should be watching your back — or rather your phone — for an automated redundancy notice.

**Topics:** Business/Economy, Culture/Society, News/Current Events
**Keywords:** ai, jobs

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https://freerepublic.com/focus/f-news/4349542/posts

GM blames EV challenges for 1,700 employee layoff in Michigan and Ohio

The electric vehicle industry has faced challenges since the government’s tax credit for new buyers was eliminated under the Trump administration. Manufacturers have responded in various ways, and now, one major player is reducing its workforce significantly.

General Motors has confirmed that it laid off over 1,700 employees across its Michigan and Ohio locations due to a slowing EV market. In a statement to CNBC, GM detailed that 1,200 of the affected employees were from its Detroit EV plant, while another 550 were from the Ultium Cells plant in Ohio.

In addition to these permanent layoffs, there were also 1,550 temporary layoffs between the Ohio plant and a facility in Tennessee.

The company emphasized that these workforce reductions are a direct response to shifts in the EV market. “In response to slower near-term EV adoption and an evolving regulatory environment, General Motors is realigning EV capacity,” the statement said.

Despite these changes, GM reaffirmed its commitment to manufacturing in the U.S. “We believe our investments and dedication to flexible operations will make GM more resilient and capable of leading through change,” the company added.

As the EV landscape continues to evolve, GM’s actions highlight the ongoing adjustments automakers must make to navigate market and regulatory shifts.
https://www.shacknews.com/article/146568/general-motors-1700-employees-laid-off

European indexes flat despite optimism over Trump-Xi meeting

London’s FTSE 100 (UKX) rose by 0.70%, closing at 9,645.

In Germany, the DAX index (DAX: IND) edged up 0.13% to 24,239, while France’s CAC 40 (CAC: IND) remained nearly flat, slipping 0.00% to 8,225.6.

Elsewhere in Europe, Finland’s manufacturing confidence declined sharply to -4 in October 2025, reversing the previously downwardly revised figure of 2 from the prior month.

Retail sector performance and other economic indicators continue to be monitored for further insights.
https://seekingalpha.com/news/4508483-european-indexes-flat-despite-optimism-over-trump-xi-meeting?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news

Santa Clara Co. DA gun task force dismantles ‘ghost gun factory’ in Campbell

CAMPBELL, Calif. (KGO) — The Santa Clara County District Attorney’s Gun Violence Task Force is celebrating the dismantling of what they call a ghost gun factory in Campbell. A 28-year-old man is now facing more than 30 felonies for possessing and creating ghost guns, as well as devices designed to make standard weapons even more deadly.

3D printers have revolutionized manufacturing, but when they’re used to produce unregistered weapons—known as ghost guns—law enforcement says they present a significant threat to the community.

During a routine domestic violence probation check-in, investigators uncovered an operation that was anything but normal. Campbell resident Alfred Amaya, 28, is at the center of the case after authorities found him actively manufacturing devices that convert rifles and handguns into automatic weapons using a 3D printer inside his bedroom closet.

“These 3D printers are items that are easily kept in a person’s home, and that is what makes them so challenging for law enforcement,” said Santa Clara County Deputy District Attorney Mike Vidmar. “Whether he was possessing for sales or simply as a possession item, these are public safety risks.”

Amaya, who is already on probation for domestic violence charges, is now facing more than 30 felony charges and is being held on a $1.75 million bail.

The devices Amaya was allegedly 3D printing include “switches” that turn firearms into machine guns—items recently made illegal under a new law signed by Governor Gavin Newsom. This law prohibits the sale of firearms easily transformed into automatic weapons with the use of such switches.

Residents expressed concern over the presence of unregulated ghost guns in the community. “If the people owning guns, they’re regulated and they have to register,” said local resident Phuong Pham. “But these people, they can print it at home and there’s no regulation and no one can stop them from doing bad things.”

Alongside the 30 switches, two ghost guns and ammunition were found in an area accessible to two children, leading to additional child endangerment charges.

Amaya’s mother told ABC7 News that her son is not a violent person and called the charges and accusations “shocking.”

Deputy District Attorney Vidmar praised the gun violence task force for their work. “Any time we can remove these items from persons who have the ability to carry them into the public setting, our community is a safer place,” he said.

Alfred Amaya is scheduled to return to court for his plea hearing on the morning of November 19.

**Related:**

– [How Santa Clara County authorities are utilizing red flag laws to combat gun violence](#)
– [Judge upholds San Jose’s ordinance requiring gun owners to have liability insurance](#)
– [Supreme Court upholds federal regulations on ghost gun kits](#)
https://abc7news.com/post/santa-clara-county-da-gun-task-force-dismantles-ghost-factory-campbell/18028685/

Why India’s electric truck makers are struggling to go local

**Why India’s Electric Truck Makers Are Struggling to Go Local**
*By Dwaipayan Roy | Oct 12, 2025, 05:21 PM*

India’s electric truck industry is facing significant challenges in meeting the government’s localization demands. Despite efforts by leading manufacturers like Tata Motors and Ashok Leyland to produce local components and promote green logistics, they have struggled to pass the required localization tests. This slowdown is further compounded by the low market demand for electric trucks.

### Government Localization Push

The Indian government has been actively pushing e-truck manufacturers to comply with an ambitious localization plan. Recent consultations between the Union Heavy Industries Ministry and key industry players—including Tata Motors, Ashok Leyland, Volvo Eicher Commercial Vehicles, and Murugappa Group’s IPLTech—highlight the government’s focus on this initiative.

Under the *phased manufacturing program* (PMP), introduced in July as part of the ₹10,900 crore PM E-Drive scheme, manufacturers face strict deadlines for localizing components that are currently imported, mainly from China.

### What Is the Phased Manufacturing Program?

The PMP mandates that specific e-truck components—such as HVAC systems, electric compressors for brakes, charging inlets for standard EV chargers, battery management systems, vehicle control units, and traction motors—must be progressively manufactured domestically. The initial cut-off date for importing most of these parts was September 1, 2025.

### Policy Adjustments Amid Supply Challenges

Due to disruptions in the supply of rare earth magnets from China, the government has recently relaxed its rules. It now permits manufacturers to import traction motors that incorporate these magnets from Chinese suppliers. Additionally, the PM E-Drive scheme for e-trucks and e-buses has been extended by two years to FY28, reflecting underutilization of allocated funds for these vehicle segments.

### Testing Delays and Localization Bottlenecks

Despite the government’s push, no e-truck model has successfully passed the localization test over two months since the guidelines came into effect. This delay indicates a slow transition toward using locally sourced parts. Authorities have urged manufacturers to accelerate the localization process to clearly demonstrate which components in e-trucks and e-buses are made in India.

### Growth in Local Production

Encouragingly, several Indian auto component makers have begun ramping up local production of critical parts. Companies like Sona Comstar and Toyota Kirloskar Auto Parts Ltd are now manufacturing traction motors and trans-axles domestically. These efforts align with the government’s ₹25,938 crore production-linked incentive (PLI) scheme for automobiles and auto parts, which requires at least 50% of spare parts and raw materials to be sourced within India.

### Market Hurdles and Cost Concerns

E-truck manufacturers cite uncertainty in market demand as a key reason for the slow adoption of local components. However, the government notes that sectors such as ports, steel, and cement are keen to adopt green logistics solutions, indicating potential for growth.

Another significant challenge is the cost. Transitioning from diesel trucks to electric models is expensive for businesses, as electric trucks currently cost between 20% and 50% more than their diesel counterparts. This price gap poses a hurdle for faster adoption across industries.

India’s electric truck sector stands at a critical juncture where government policies, manufacturing capabilities, and market realities must align to accelerate localization and promote sustainable transportation.
https://www.newsbytesapp.com/news/auto/india-s-electric-truck-makers-are-facing-these-issues/story

After a month, JLR to resume manufacturing cars from tomorrow

**JLR to Resume Manufacturing Cars Starting Tomorrow Following Cyberattack**

*By Dwaipayan Roy | Oct 07, 2025, 04:23 PM*

Jaguar Land Rover (JLR) has announced a phased resumption of production at its UK manufacturing facilities, starting tomorrow. This follows over a month-long halt caused by a cyberattack in late August that disrupted the company’s global manufacturing and retail operations.

**An Important Step in Recovery**

Adrian Mardell, JLR’s outgoing CEO, described the restart as an “important moment” in the company’s recovery process. While acknowledging there is still significant work ahead, Mardell emphasized that JLR is now firmly on the path to recovery.

To aid this process, JLR has introduced a new short-term financing scheme designed to provide upfront cash to its suppliers, helping them manage cash flows as production ramps up again.

**Phased Restart Across Key Facilities**

The phased production restart will begin at JLR’s West Midlands sites, including the engine plant in Wolverhampton and the battery assembly facility in Hams Hall near Birmingham. Key stamping plants located in Castle Bromwich and Solihull will also resume operations.

In addition, the body shop, paint shop, and logistics center at Solihull vehicle manufacturing plant will restart. However, the restart at the Halewood plant on Merseyside remains pending further updates.

**Global Production Updates**

JLR’s vehicle production in Nitra, Slovakia, is set to resume soon. Meanwhile, the Range Rover and Range Rover Sport production lines at Solihull are expected to restart later this week. Some employees have already returned to work at the Wolverhampton site as of Monday.

**Supporting Suppliers with New Financing Scheme**

To support its suppliers during this challenging period, JLR has launched a new short-term financing scheme. Under this scheme, suppliers will receive most of their payments upfront once an order is placed, with the final payment made upon invoice receipt. This initiative aims to accelerate payments by up to 120 days, significantly easing suppliers’ cash flow pressures.

Mardell highlighted the scheme’s importance in sustaining supplier relationships and ensuring a smoother production restart.

With the phased resumption underway and supplier support in place, JLR is making crucial strides toward full operational recovery following the cyberattack disruption.
https://www.newsbytesapp.com/news/auto/jlr-to-resume-production-after-month-long-cyberattack-break/story

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