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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...

"Modi Hug Is Special": Netanyahu's High Praise For "Brother" PM Modi

Prime Minister Narendra Modi's trademark “hugplomacy”, where he embraces world leaders in his trademark hug, has once again drawn international attention after Israeli Prime Minister Benjamin Netanyahu praised what he called the famous “Modi hug”.

“It's been a wondrous friendship, both personally, between the two of us, and between our two countries and our two peoples,” Netanyahu said.

Netanyahu recalled the moment the two leaders greeted each other warmly moments after PM Modi landed in Israel.

“Prime Minister Modi's personal embrace is something special-it's called the ‘Modi hug.' It's well known around the world, and when you hug someone closely, truly, you know it's not an act. It's a real thing,” he said.

“So I want to return the hug here from every single one of the Knesset members; it's not only an indication of the personal relations and the personal friendship between us, but it really reflects the warmth of the tie between our two peoples,” he said.

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PM Modi has become known internationally for greeting world leaders with embraces, a departure from traditionally formal diplomatic gestures such as a handshake.

During his visit, Prime Minister Modi addressed Israel's parliament, the Knesset, becoming the first Indian Prime Minister to do so.

Prime Minister Narendra Modi, in his address to the Israeli parliament Knesset -- a first by an Indian Prime Minister -- reaffirmed that India stands with Israel in its battle against terror. 

PM Modi last visited Israel in 2017, a trip which opened new avenues in defence, agriculture, and water management cooperation between the two countries. Netanyahu had also welcomed PM Modi at the airport in 2017.



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