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The Latest Breaking News on Asian tech

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.

Bangkok Post

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.

The Hindu

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.

Tom’s Hardware

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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…

The Hindu

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.

The Hindu

Japan vending machines to automatically offer free food if earthquake hits

Machines in coastal city of Ako, are located in an area that experts say is vulnerable to a future powerful earthquake

The Guardian - AU

‘Floods and the resultant mess reveal that Bengaluru is not all gloss’, says former CM S.M. Krishna

S.M. Krishna, the flamboyant former Chief Minister of Karnataka credited with sowing the seeds of the tech boom, recalls the transformation of Bengaluru from a ‘pensioners’ paradise’ into the ‘Silicon Valley of India’, and the descent into a messy metropolis, in an interview with The Hindu

The Hindu

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Sentiment hits 3-year high amid economic recovery

The Digital Industry Sentiment Index rose above the threshold of 50 in the first quarter for the first time in 12 months, reaching a three-year high, according to a survey by the Digital Economy Promotion Agency (Depa).

Bangkok Post

Samsung confirms its Unpacked event will be held in South Korea

Samsung has confirmed its upcoming summer Unpacked event will take place in South Korea, marking the country's importance.

Android Central

Thai online marketplaces finally move into profit

Thailand's e-marketplace players are shifting to profitability after almost a decade of losses, attributed to cautious spending, operating adjustments and increasing service fees.

Bangkok Post

Intel Corporation (INTC): Buy, Sell, or Hold?

Leading chip maker Intel (INTC) reported poor first quarter 2023 results, with declining revenue and rising losses. Despite its long-standing reputation, the company seems to be struggling to keep up with its competitors. Hence, I think this fundamentally weak stock might be best avoided. Read more.

StockNews.com

3 Semiconductor Stocks to Buy Under $15

With technological advancements and the growing demand for connectivity, the semiconductor industry has experienced robust growth. Hence, it could be wise to invest in the shares of Nikon Corporation (NINOY), Park Aerospace (PKE), and Everspin Technologies (MRAM), trading under $15, which are poised to capitalize on the industry’s tailwinds. Learn…

StockNews.com

I&B Ministry to organise conclave to mark nine years of Modi government

Three panel discussions will be organised during the conclave.

The Hindu

Korean firms set to invest B7bn locally

Five South Korean companies are keen to embark on new investment projects in Thailand, ranging from an electric vehicle (EV) business to the construction of a new industrial estate, says the Industrial Estate Authority of Thailand (IEAT).

Bangkok Post

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The Japan News/Yomiuri

Kishida takes hands-on approach toward chipmaking

Semiconductors are increasingly important from the perspective of economic security. The Japanese government is scrambling to attract investment in Japan by major foreign manufacturers to revive the Japanese chipmaking industry.

The Hindu

Clutch of U.S. firms to expand operations in Hyderabad

Entities from the U.S. met Telangana Industries and IT Minister K.T. Rama Rao and his officials

StockNews.com

3 Chip Stocks to Buy This Week

Despite significant setbacks over the previous year, the semiconductor industry’s future appears bright. Also, given the government initiatives, we think quality chip stocks Analog Devices (ADI), Camtek (CAMT), and inTEST (INTT) might be worth buying. Read on.

The Hindu

India poised to catapult to forefront of digital innovation with thriving digital economy, tech use: U.S. Ambassador Eric Garcetti

“India with its vast population, thriving digital economy and technology use is poised to leverage transformative power of 5G, and in future 6G, to catapult itself to the forefront of digital innovation” U...S Ambassador to India, Eric Garcetti said on May 23

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Bangkok Post

BoI posts 77% rise in value

The value of investment in Thailand soared by 77% year-on-year to 185.7 billion baht from 397 project proposals between January and March, with South Korea being the top foreign investor in terms of value in the first quarter, says the Board of Investment (BoI).

The Hindu

Aerospace firms Garuda, Naini team up for drone manufacturing

Chennai headquartered drone start-up Garuda Aerospace and Naini Aerospace engineering Limited (NAeL), a wholly owned subsidiary of HAL (Hindustan Aeronautics Limited) under the administrative control of the Ministry of Defence, have signed a joint development partnership to manufacture Advanced Precision Drones.

The Hindu

India, South Korea agree to deepen cooperation in trade and investment and defence

Prime Minister Narendra Modi on May 20 held productive bilateral talks with South Korean President Yoon Suk Yeol during which they agreed to deepen cooperation in areas like trade and investment, IT hardware manufacturing and defence.

The Guardian - UK

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 Independent 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’.

Evening Standard

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?

The Hindu

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…

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