The Latest Breaking News on Asian tech

Samsung experienced year-over-year declines for most of its businesses.

Seoul (AFP) - Samsung Electronics on Thursday reported its worst quarterly profits in 14 years, blaming slowing consumer spending on electronics and a global microchip glut that hit its core memory business.

Hong Kong (AFP) - The United States has moved to block China's access to the most advanced semiconductors and the equipment and talent needed to make them in recent months, citing national security.

King Power Group is aiming for duty-free sales to reach 80% of the 2019 tally this year via both offline and online channels, as well as through new lifestyle retail stores, amidst a slow recovery of the Chinese market.

While the chip industry faces a strong demand with extensive usage of chips, supply chain disruptions coupled with other macroeconomic headwinds continue to keep fundamentally weak stocks under immense pressure. Hence, it could be wise to avoid struggling chip stocks Entegris (ENTG), Wolfspeed (WOLF), and indie Semiconductor (INDI). Continue reading….

Thai tech enabler Gable is planning to raise funds from the Stock Exchange of Thailand (SET) for future expansion, with the aim of driving the digital transformation market globally.

Thailand's digital business still has great potential for growth, with the value of goods and services purchased via digital platforms (business-to-consumer) estimated to total 895 billion baht this year, up 17.9% year-on-year, according to a recent study.

Japanese financial company ORIX Corp. (IX) looks well-positioned to capitalize on the resilient financial sector of the country, but its shares trade at a reasonable valuation. Therefore, this stock might be a solid buy now. Read on….

Despite cooler-than-expected inflation data in March, growing recession risks due to turmoil in the banking sector are weighing on investor sentiment lately. Given an uncertain macro backdrop, it could be wise to scoop up shares of semiconductor titan Taiwan Semiconductor Manufacturing (TSM) and consumer defensive stock Diageo plc (DEO), which…

The production cut by the world's biggest memory-chip maker is likely to buoy pricing for U.S. rivals such as Micron and Western Digital.

Samsung Electronics said Friday it is cutting the production of its computer memory chips in an apparent effort to reduce inventory as it forecasted another quarter of sluggish profit. The South Korean technology giant in a regulatory filing said it has been reducing the production of certain memory products by…