Hello folks! We’re serving piping hot tech tea without the toxic brew. 🫖

Japan, as the world’s largest economy, circa 2080.

In today’s news:

  1. Dell’s AI servers in huge demand. 💻

  2. Silicon Valley picks sides in Harris Vs Trump showdown. 🇺🇸

  3. Chinese chips are three years behind TSMC.

  4. Asian market rollercoaster.

  5. New U.S. tariffs on China: Southeast Asia’s opportunity? 🎟

Markets

Economic Calendar

1. Dell revenues rise due to demand for AI servers.

  • 🤖 Dell's riding the AI wave like a surfer on steroids, raking in $3.2 billion from AI-optimized servers. Apparently, skynet needs more processing power!

  • Revenue jumped 9% to $25 billion, beating analyst estimates. 💰 Who knew selling overpriced hardware could be so profitable? Oh wait, everyone did.

  • 🖥️ PC sales are still in a slump, down 4% to $12.4 billion. Turns out, people don't need a new computer every time they sneeze.

  • Dell's crystal ball says PC market recovery is "a little further out." Translation: "We have no clue when people will start impulse-buying laptops again."

  • In true tech giant fashion, Dell's "optimizing" its workforce (read: firing people) while exploring the sale of SecureWorks. Because nothing says "we care" like layoffs and divestments! 😶

2. Silicon Valley's Civil War: Nerds pick sides in Harris vs. Trump showdown. 🤓🥊

Source: WSJ, Techonomy Barista analysis

  • Tech titans are throwing digital punches over Harris and Trump. It's like a Twitter war, but with billion-dollar consequences. 🥊💰

  • Old PayPal pals are now political enemies. Imagine your startup crew splitting up over who gets the last slice of pizza, but way more dramatic.

  • Green tech folks are calling Musk a traitor. It's like your eco-warrior friend suddenly started collecting plastic straws.

  • Harris scored major points talking about AI and founders. Silicon Valley's like, "She speaks our language!"

  • Some tech leaders are begging for a ceasefire. They're basically the parents trying to stop a food fight in the cafeteria. 🍎🏳️

3. Beijing's chip chase: New fund joins China's silicon arms race. 🇨🇳💰🖥️

Source: E-IR.

  • Beijing's tossing billions at chips like a tech sugar daddy. New 8.5-billion-yuan fund joins the silicon party. 💰🎉

  • Plot twist: China might be closer to chip glory than we thought. They're like the underdog in a tech sports movie. 🎬

  • It's raining yuan for chip companies across China. Local governments are having a "who can invest more" contest.

  • Teardown shocker: 😲 China's only 3 years behind TSMC? It's like finding out your little brother's been secretly practicing piano. 🎹

  • The chip race is heating up faster than an overclocked CPU. Is it sustainable, or will someone blow a fuse? 🔥🔌

4. Asia's market rollercoaster: China sneezes, everyone catches economic flu. 🎢🤧

Source: Techonomy Barista Analysis.

  • China's manufacturing PMI hit a six-month low. It's like the world's factory called in sick. 🏭🤒

  • Hong Kong's Hang Seng index took a nosedive, with real estate stocks playing lead parachutist. 🪂

  • Japan's Nikkei briefly touched 39,000, then got stage fright. It's the market equivalent of a high-five fail. 🖐️😅

  • Australia's RBA deputy governor is playing hard to get with rate cuts. He's not falling for the Fed's sweet talk. 💔🏦

  • U.S. markets are still partying like it's 1999, with the Dow hitting a new high. FOMO much, Asia?

5. ASEAN's export revenge: The semiconductor strikes back.

Source: ASEAN.org, Techonomy Barista Analysis.

  • ASEAN countries are killing it in global exports, contributing a whopping 20% in 2021. But while Singapore, Malaysia, and the Philippines are slipping down the export slide, Vietnam's climbing up like it's on economic steroids. 📊🚀

  • Thailand, Philippines, and Malaysia are the holy trinity of Hard Disk Drive production in ASEAN, supplying over 60% of China's HDD imports. It's like they're running a secret hard drive mafia, with Thailand as the godfather supplying a third of the loot. 💽🕵️‍♂️

  • Thailand's flexing its electronics muscles with 2,300 companies and 750,000 employees. They're not just making gadgets; they're basically the IKEA of air conditioners (2nd largest producer) and the Walmart of refrigerators (4th largest). Cool, right? ❄️🏭

  • The Philippines is playing host to a tech party, with 7 of the world's top 20 chipmakers and 4 major hard drive producers. They're churning out 2.5 million hard drives monthly and grabbing 10% of the global semiconductor manufacturing services. Talk about a silicon fiesta!

  • Malaysia's not just sitting pretty; it's gearing up for an electronics revolution with e-commerce, IoT, and AI. They're so attractive to investors, even Bosch is throwing $378.5 million at them until 2035. Malaysia's got more than just good food on the menu! 🤖💰

Other news worth knowing:

AI

Why funding into OpenAI and Anthropic from Microsoft, Amazon and Google could be ‘Sugar Daddy’ investments. 🔁

AI copyright issues again, this time by against Anthropic. 🤷‍♀

Technology

Business

BYD sales hit a record in August despite broader China EV slowdown.

Finance

Wall Street's post-labor-day hangover: The jobs report reckoning. 📊

US Politics

World

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