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SpaceX catches a Starship back from orbit for the first time Canada wraps up free-trade talks with the Philippines and ASEAN, opening a market of 700 million The great flattening: AI is cutting middle managers. Nvidia shows the risk! Samsung reportedly in talks to buy US data-centre cooling specialist Modine Oil holds near $95 as tankers keep getting hit in Hormuz Seoul upgrades economy to “solid growth” as chip exports nearly triple Qatar Airways restores Riyadh and Dammam as Etihad extends Saudi suspension IEA flips to oil surplus: Q4 supply to beat demand by 1.7M bpd Cartier owner Richemont slides 9% as jewellery growth halves Anthropic’s $61B IPO reportedly six times oversubscribed ahead of pricing

SpaceX catches a Starship back from orbit for the first time Canada wraps up free-trade talks with the Philippines and ASEAN, opening a market of 700 million The great flattening: AI is cutting middle managers. Nvidia shows the risk! Samsung reportedly in talks to buy US data-centre cooling specialist Modine Oil holds near $95 as tankers keep getting hit in Hormuz Seoul upgrades economy to “solid growth” as chip exports nearly triple Qatar Airways restores Riyadh and Dammam as Etihad extends Saudi suspension IEA flips to oil surplus: Q4 supply to beat demand by 1.7M bpd Cartier owner Richemont slides 9% as jewellery growth halves Anthropic’s $61B IPO reportedly six times oversubscribed ahead of pricing

Markets

Jensen’s fall, Asia’s bill: Nvidia supplier Ibiden sinks 8% on Huang turmoil

Ibiden, the Japanese company that makes the substrate base for most advanced AI chips and gets nearly 30% of its sales from Nvidia, fell 8.3% as Nvidia’s board weighs options post-scandal.

Market Signals | 12 November 2026

Jensen’s fall, Asia’s bill: Nvidia supplier Ibiden sinks 8% on Huang turmoil

Ibiden, the Japanese company that makes the substrate base for most advanced AI chips and gets nearly 30% of its sales from Nvidia, fell 8.3% as Nvidia’s board weighed removing Jensen Huang.

The suppliers that depend most on Nvidia are the most exposed to a leadership change.

Nvidia made up 29.4% of Ibiden’s sales in FY to March 2026, up from 20.3% the year before.

Ibiden supplies substrates for more than 80% of cutting-edge GPUs, and Nvidia is funding a tripling of its Ono plant.

On Thursday, TSMC, the largest stock in the Taiex and Nvidia’s chipmaker, fell 2.3%, Advantest lost 4.63% and SK Hynix 1.80%, while Samsung rose 0.97%.

A Korean chip official said “Our biggest question is whether a potential successor would maintain the same favourable relationship with us.”