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The Latest Breaking News on Asian tech

Foxconn-Vedanta chip deal off: Friendly fight between Congress’s Jairam Ramesh and BJP’s Amit Malviya

NEW DELHI: Unlike on previous occasions, a friendly fight took place between Congress communication chief Jairam Ramesh and BJP information technology head Amit Malviya over Taiwan-based Foxconn withdrawing from India's semiconductor joint venture with Vedanta on July 10.

The Times of India

Chip maker Foxconn exits a semiconductor joint venture with Indian mining company Vedanta

Chip maker Foxconn exits a semiconductor joint venture with Indian mining company Vedanta

Taiwan-based electronics giant Foxconn is backing out of a $19.5 billion semiconductor joint venture with Indian mining conglomerate Vedanta Ltd

The Independent UK

Foxconn exits $19.4bn chip deal in India

Foxconn exits $19.4bn chip deal in India

TAIPEI" Taiwanese electronics giant Foxconn withdrew from a $19.4 billion deal with India's Vedanta to make semiconductors in the South Asian nation owing to "challenging gaps", it announced Tuesday.

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Senco Gold IPO: All you need to know

NEW DELHI: The Initial Public Offer (IPO) of Senco Gold Ltd, a leading jewellery retail player, has received a strong response from investors.

The Times of India

Samsung profit 'lowest in over 14 years'

SEOUL: Samsung Electronics' June-quarter profit is expected to plunge 96% on-year to the lowest for any quarter in more than 14 years, as a chip glut continues to drive large losses in the tech giant's cash cow business despite a supply cut.

Japan, EU to sign deal over semiconductors

Japan and the European Union will sign a memorandum to strengthen cooperation over semiconductors, focusing on the establishment of an early warning system that will allow them to share information promptly to avoid supply chain disruptions, according to Japanese government sources.

The Japan News/Yomiuri

Dutch semiconductor machine export restrictions to come into force in September

The Dutch government says companies that create machines that make advanced processor chips will be required to have an export license before they can be sold overseas starting in September

The Independent UK

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Saha Group agrees to forge gold venture

Saha Group agrees to forge gold venture

Saha Group, one of Thailand leading consumer goods conglomerates, is diversifying into the gold business.

BITS alumnus donates US $1 million for semiconductor research centre in Hyderabad campus

BITS alumnus donates US $1 million for semiconductor research centre in Hyderabad campus

With the seed capital from an alumnus the BITS Pilani Hyderabad campus is to establish a centre of excellence in semiconductor research

Explained | Why are U.S. tech firms sceptical about digital trade with India?

Explained | Why are U.S. tech firms sceptical about digital trade with India?

In this The Hindu explainer, Diksha Munjal explains what US tech firms consider as threats to digital trade with India including taxation policies, digital, telecom, and internet content laws of the Narendra Modi government of India. Subscribe to read the exclusive story.

India, U.S. friendship among most consequential in world: Biden

India, U.S. friendship among most consequential in world: Biden

President Joe Biden has said the friendship between the U.S. and India was among the most consequential in the world as the two countries signed several major deals to further elevate their strategic technology partnership during Prime Minister Narendra Modi’s historic state visit.

Delta blames volatility on external factors

Delta blames volatility on external factors

Delta Electronics (Thailand) informed the Stock Exchange of Thailand (SET) the company's share price fluctuations were caused by external factors and its financial fundamentals remained robust, as the stock continued to sway on Wednesday.

Delta Electronics dump weighs on SET performance

Delta Electronics dump weighs on SET performance

Shares of Delta Electronics plunged by nearly 20% on Tuesday, dragging down the bourse after the Stock Exchange of Thailand (SET) imposed market surveillance measures on the equity, citing unusual rises in price.

Semiconductor fab: the unfinished agenda

Semiconductor fab: the unfinished agenda

To set up a semiconductor fabrication plant in India is not mere hubris. There is a growing market. There are also strategic reasons: India’s susceptibility to coercion increases due to its dependence on the import of semiconductors.

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Delta shares slump after SET imposes curbs

Shares of Delta Electronics (Thailand) Plc, which have shot up this year to become the country’s most valuable stock, slumped on Tuesday as the Stock Exchange of Thailand imposed trading curbs to quell unexplained gains. Analysts also queried the surge in its valuation.

Gruha Jyothi applications go up to 1,61,958 on second day of registration

As more people were able to access the portal to apply for Gruha Jyothi scheme on Monday, the number of those who registered on the platform doubled to 1,61, 958 (up until 5.30 p.m) from Sunday’s total of 55,000. A total of 1,06,958 consumers registered on Monday.

Buy, Sell, or Hold: Taiwan Semiconductor Manufacturing (TSM)

Technological advancements and soaring requirements for chips could drive the semiconductor industry’s long-term growth. Given this backdrop, should investors buy, sell, or hold the chip stock Taiwan Semiconductor Manufacturing (TSM)? Read on to find out….

The Texas Tribune

With $1.4 billion investment, Texas hopes to sprint to the front of the microchip manufacturing race

Microchips are increasingly present in every day life, from phones and laptops to cars and washing machines. Gov. Greg Abbott approved last week a stimulus package in an effort to shore up the supply chain after the pandemic’s disruptions.

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Investors eyeing tech startups

Japanese investors are interested in Thai tech startups, supporting their business expansion to regional markets, says an executive of Bank of Ayudhya (Krungsri).

The Independent UK

Ex-Samsung exec charged with stealing trade secrets to create copycat chip factory in China

South Korean prosecutors have arrested and indicted a former executive of Samsung Electronics suspected of stealing trade secrets while attempting to establish a copycat computer chip plant in China

Ex-Samsung exec accused of building copycat chip plant in China

A former Samsung Electronics Co executive allegedly stole blueprints and designs to try and replicate an entire semiconductor plant in China, Korean prosecutors said in outlining an unusual attempt to establish world-class chipmaking capabilities in the world’s No 2 economy.

My visits to Singapore and Japan were meant to attract investments, says Chief Minister M.K. Stalin

Chief Minister M.K. Stalin said on Sunday that his recent visits to Singapore and Japan were meant to invite industrialists in person to invest in Tamil Nadu.

Tom’s Hardware

US CHIPS Act Funding Under Attack Following Debt Ceiling Fight

The US CHIPS Act, the measure that oversees the distribution of around $280 billion in funding for semiconductor-related pursuits, may not have as secure a funding guarantee as previously thought.

UAE delegation to visit Mysuru to attract companies to its Hamriyah Free Zone

The Mysore Chamber of Commerce and Industry (MCCI) in association with ASSOCHAM and Government of Sharjah, United Arab Emirates (UAE), will be organizing One to One meetings with senior officials from Hamriyah Free Zone in UAE in Mysuru on June 12 and 13 for the benefit of Indian companies wishing…

Self-financing engineering colleges’ staff struggle for salaries

Nearly two years after the enactment of a law that guarantees their salaries and service conditions, the employees of several self-financing engineering colleges in Kerala continue to face an uphill battle for their emoluments.

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