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In a landmark move, Nvidia has announced a $5 billion equity investment in Intel, positioning itself as one of Intel’s largest shareholders with an approximate 4% stake. The deal, unveiled on Thursday, includes a collaborative effort to develop PC and data center chips, signaling a significant shift in the semiconductor industry. While Intel’s shares surged by 23% following the announcement, the implications for Asian chipmakers like TSMC and Samsung Electronics are more nuanced. Analysts suggest that Intel’s potential revival could alleviate U.S. regulatory pressure on foreign competitors, even as it intensifies long-term competition. TSMC, which currently dominates the AI chip market for U.S. companies, saw its shares dip by 1.6%, while Samsung’s shares fell by 1%. The partnership could bolster Intel’s next-generation manufacturing capabilities, a critical factor given its recent struggles. However, the deal also raises concerns about the future of TSMC’s business with AMD, a key competitor to Intel and Nvidia. As the U.S. government pushes for domestic semiconductor production, the dynamics of the global chipmaking industry remain uncertain, with Intel’s resurgence potentially reshaping the competitive landscape.

India’s sugar exports are projected to drop below 800,000 metric tons this season, significantly missing the government’s 1 million-ton quota. This decline is attributed to increased supplies from Brazil, which have driven global sugar prices to their lowest levels in over four years, making Indian shipments less competitive. Trade and government officials, who spoke on condition of anonymity, revealed that mills have so far contracted to export around 750,000 tons, with approximately 720,000 tons already shipped. Even under the most optimistic scenarios, exports are unlikely to exceed 775,000 tons by the end of the season on September 30, 2025. The slowdown in exports has been exacerbated by Brazilian sugar trading at more than $25 cheaper than Indian supplies, coupled with rising domestic prices in India. Traditionally, Indian sugar has held a competitive edge in Asia due to lower freight costs, but recent market dynamics have shifted the balance. With only a handful of export deals in recent weeks, mills may request the government to allow the export of the remaining 200,000-plus tons in the new season starting October 1. Despite the current challenges, India’s sugar output is expected to rise in the upcoming season, thanks to favorable monsoon rains, potentially improving export prospects. India, the world’s largest sugar producer and consumer, has been a key exporter to countries such as Afghanistan, Bangladesh, Indonesia, Sri Lanka, and the United Arab Emirates, averaging 6.8 million tons annually over the past five years.

Investors are growing increasingly anxious about the independence of Bank Indonesia (BI) as President Prabowo Subianto pushes for aggressive economic growth, raising fears of a potential rupiah selloff. The central bank’s unexpected rate cut this week, which caught markets off guard, has intensified concerns that BI may be succumbing to political pressure to stimulate the economy at the expense of currency stability. This move comes amid broader global worries about the erosion of central bank independence, a trend highlighted by recent attacks on the U.S. Federal Reserve by former President Donald Trump. Since taking office last year, Prabowo has championed populist spending plans aimed at boosting Indonesia’s growth rate from 5% to 8%. However, investors fear that these policies could undermine fiscal credibility, worsen the current account deficit, and fuel inflation. The rupiah has already depreciated by 3% this year, making it Asia’s worst-performing currency. Analysts warn that while BI’s rate cuts may support growth, they risk destabilizing the currency, especially given Indonesia’s heavy reliance on imports and foreign capital. The central bank has cut rates by 150 basis points over the past year, with further reductions expected. Market participants are also concerned about a ‘burden-sharing’ agreement between BI and the government, which could expand the bank’s mandate and potentially politicize its operations. Despite Indonesia’s relatively stable macroeconomic indicators, the widening gap between short- and long-term bond yields reflects growing investor unease. Experts emphasize the need for clear communication and policy measures to restore confidence in BI’s independence and Indonesia’s economic management.