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The Latest Breaking News on Asian tech

UK’s £1bn strategy for semiconductor industry lacks ambition, say critics

While the US and EU announce bigger programmes, one British startup says the government’s investment figure is less than the cost of one basic plant

The Guardian - UK

Semiconductor industry given £1bn boost in plan to reduce reliance on China

Prime Minister Rishi Sunak said the investment would help ‘build our competitive edge on the global stage’.

The Independent UK

What is a semiconductor? Rishi Sunak plans partnership with Japan

The UK Government is reportedly set to announce a computer chip partnership with Japan, but what would this mean?

Evening Standard

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It's important to de-risk global economy in era of volatility and uncertainty: Jaishankar

In the era of volatility and uncertainty, it’s important to de-risk the global economy and yet to ensure that there is very responsible growth, External Affairs Minister S. Jaishankar has said. His remarks came following the first meeting of the India-EU Trade and Technology Council (TTC) held in Brussels on…

The Hindu

Pig heads, BBQs: Mosque backlash tests S Korea religious freedom

Plan to rebuild small mosque for Daegu university students has come up against a powerful conservative Christian lobby.

Al Jazeera

Tycoon highlights rising living costs

A new government, led by the Move Forward Party, should pay heed to high living costs and expensive electricity bills and continue to promote the domestic steel industry, says Somsak Leeswadtrakul, a steel magnate and philanthropist.

Bangkok Post

2 Chip Stocks to Watch

Despite major challenges over the last year, the semiconductor industry’s prospects look promising. With tech advancements, the industry is expected to witness robust demand. Therefore, quality chip stocks Camtek (CAMT) and inTEST (INTT) could be worth adding to your watchlist. Read on.

StockNews.com

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Why semiconductors are central to geopolitics and where India stands in the power matrix

With India’s recent objection to the American CHIPS Act at the World Trade Organisation, the focus is back on the economic, technological and geopolitical significance of the semiconductor industry.

Newslaundry

India-EU trade, technology council first meeting at Brussels on May 16

first ministerial-level meeting of India-European Union Trade and Technology Council (TTC) will be held on May 16 in Brussels to discuss ways to increase cooperation in strategic technologies

The Hindu

Board of Investment to invite Korean executives to capitalise on opportunities

The Board of Investment (BoI) is preparing to organise a roadshow in South Korea to bolster foreign investment in Thailand, part of its five-year investment promotion strategy.

Bangkok Post

T.N. Cabinet reshuffle | After removal as Finance Minister, Palanivel Thiaga Rajan says past two years ‘most fulfilling’

Shortly after being divested of his Finance and Human Resources Management portfolios, Palanivel Thiaga Rajan on May 11, tweeted that the past two years were the “most fulfilling” in his his life and that he looked forward to re-establishing Tamil Nadu’s position as a leader in the Information Technology sector,…

The Hindu

Japan, South Korea partnership funds to go to chips, energy

Top business leaders from Japan and South Korea will use a fund meant to underscore the two countries’ burgeoning ties to strengthen their cooperation in energy, industry and other sectors

The Independent UK

KTR commends State police for professional excellence

K T Rama Rao participated in a string of development programmes in Bellampalli town of Mancherial district

The Hindu

Korea's chaebol set to enter the twilight zone?

Korea’s family-owned conglomerates have enjoyed their privileges for decades. That may be set to end.

360info

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StockNews.com

3 Chip Stocks Investors Are Fighting to Own

Despite the short-term cyclical downturn, the chip industry’s long-term outlook remains positive due to the increasing use of chips in powering critical technologies and government initiatives. Therefore, investors can add quality chip stocks Applied Materials (AMAT), ASE Technology Holding (ASX), and Park Aerospace (PKE) now. Read on.

The Hindu

For India’s Services firms, April was the best month in almost 13 years: S&P Global PMI

India’s services sector recorded its highest uptick in new business and output levels since June 2010 this April, led by a strong upturn in the Finance and Insurance segment, as per the seasonally adjusted S&P Global India Services PMI® Business Activity Index

The Hindu

G7 business group endorses India’s G20 theme of ‘One Earth, One Family, One Future’

Top business executives of G7 countries have endorsed India’s G20 theme of ‘One Earth, One Family, One Future’ and said it is essential to achieve sustainable growth that is compatible with the protection of the global environment.

Bangkok Post

VMO eyes rapid growth in customers

The Thai unit of Vietnamese IT outsourcing firm VMO Holdings aims to grow its corporate customers to more than 100 by 2025 amid increasing demand for high-tech industry workers in Thailand and Southeast Asia.

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The Hindu

Karnataka Assembly elections 2023 | Shorn of silicon sheen in the rough and tumble of politics

Karnataka Assembly elections 2023 | Karnataka’s capital, which is known as the Silicon Valley of India and is the economic growth engine of the State, has mostly been in the news for all the wrong reasons over the past few years.

The Hindu

ED raid on edutech unicorn Byju’s in Bengaluru under ‘FEMA violations’

A statement by the ED revealed that ₹28,000 crore of Foreign Direct Investment (FDI) into the company, and ₹9,754 crore overseas direct investment by the company are under the scanner.

The Hindu

Never been a better time to be an entrepreneur in India, says KTR

Industries and IT Minister K.T. Rama Rao laid the foundation for a Women Entrepreneurs International Trade and Technology Centre in Hyderabad on April 28, 2023

Bangkok Post

Sources of East Asia's industrial capabilities

As the US works to limit China's access to advanced technologies like semiconductors, it cannot ignore its own dependence on small Asian economies like South Korea and Taiwan for many of those same technologies. The question the US and its allies must ask, then, is how reliable these economies are…

The Hindu

Stage is set for inauguration of new Secretariat by KCR

The Hindu

India seeks to enhance trade ties with Latin America: Jaishankar tells business forum in Colombia

India seeks to bolster its trade with Latin America which is approaching $50 billion, External Affairs Minister S. Jaishankar has said, as he highlighted that the Indian companies are investing significantly in the region in sectors such as energy, mining, agriculture and automobiles.

Tom’s Hardware

Samsung Profits Plunged 95% on Lagging Demand, Memory Price Erosion

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

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