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Taiwanese Brothers Amass $1 Billion From Boom In Display Chips

Biing-seng Wu has spent most of his career developing tiny chips that tell pixels on flat-screen displays how and when to light up. Twenty-five years ago, he teamed up with his brother Jordan Wu to develop such chips for screens. Today, products from their company, Himax Technologies Inc., can be found in everything from Lamborghinis to smartwatches, and have turned the duo into billionaires. The brothers own 24% of Himax, whose US-listed shares have more than doubled in value this year. Their stake in the Tainan, Taiwan-based firm, as well as proceeds from dividends and stock sales, give them a combined $1 billion net worth, according to the Bloomberg Billionaires Index, which is valuing them for the first time. The wealth marks a big milestone for the siblings and their company, which says it holds a 40% market share for display chips - known in the industry as driver integrated circuits - used in cars. Its customers include Ferrari NV, Volkswagen AG, Porsche and more. It's...

"Sketchy, Tainted": Court Condemns Probe In Murder Case Against Ram Rahim

Gurmeet Ram Rahim, chief of Dera Sacha Sauda, was acquitted in a 22-year-old murder case today, with the Punjab and Haryana High Court citing  lapses in investigation and lack of solid evidence against the accused.

The court also listed the areas in which investigation was "tainted and sketchy" -- including the weapon used for the murder, ballistic reports, post-mortem report, and polygraph test which did not bear out the prosecution claims in the murder of former sect manager Ranjit Singh.

Influenced by media glare, the investigating officer(s) "carried out a tainted and sketchy investigation into the crime," said the bench of Justices Sureshwar Thakur and Lalit Batra.

The case "is a stark portrayal of the necessity of Courts of law making an incisive and objective analyses of the evidence as exist on record," the judges said.

Ram Rahim is serving a 20-year-sentence for raping two of his disciples and has a 16-year-old murder case against him as well.

Ranjit Singh was killed allegedly for his suspected role in the circulation of an anonymous letter, which said how women were being sexually exploited by Ram Rahim at the Dera headquarters.

Ram Rahim, who was accused of conspiracy, and four others were convicted by a CBI court in Panchkula, Haryana, in October 2021 and given life imprisonment. He is currently in jail at Haryana's Rohtak.

Gurmeet Ram Rahim's conviction in 2017 in the rape cases sparked massive violence and arson in parts of Punjab and Haryana. Thirty people died, more than 250 were injured and the Army had to be called in.



from NDTV News- Special https://ift.tt/5I7VXCh

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