The Latest Breaking News on Asian tech

IT spending in Thailand is expected to register 4.2% growth in 2023, slightly slower than last year's level, weighed down by a projected contraction in spending on devices, according to research firm Gartner.

Hiroki Totoki, currently Sony Group Corp.'s executive deputy president and chief financial officer, will be promoted to president and chief operating officer on April 1, the company announced Thursday.

Sony has appointed a company veteran as its president to lead the Japanese electronics and entertainment conglomerate through times of change

South Korea has logged its biggest monthly trade deficit ever, at $12.7 billion in January, as exports of computer chips and other high-tech items sank and costs for importing oil and gas surged

Despite the supply chain issues spurred by U.S.-China tensions, the semiconductor industry’s growth prospects appear bullish due to increased demand and usage across various sectors and growing federal and corporate spending. Hence, fundamentally sound semiconductor stocks Taiwan Semiconductor (TSM), Broadcom (AVGO), Photronics (PLAB), and Xperi (XPER) could be solid buys…

HMRC and the Indian IT services firm disagree over corporation tax bill of about £20m

Asia’s richest man, Gautam Adani, has seen his companies shed $68 billion in market value in the past week after short-selling firm Hindenburg Research accused him of “pulling the largest con in corporate history.”

Samsung Electronics said Tuesday its profit for the last quarter plummeted nearly 70% as a weak global economy depressed demand for its consumer electronics products and computer memory chips. The company’s operating profit of 4.3 trillion won ($3.5 billion) for the three months through December fell 69% from a year…

ManpowerGroup, the leading global workforce solutions company, recently donated thirty computer desktops to needy rural schools in Phetchaburi province.

India’s Adani Group has launched a share offering for retail investors and says it is considering legal action against U.S.-based short-selling firm Hindenburg Research for allegations of stock market manipulation and accounting fraud that caused heavy selling of its stocks this week

While demand for chips remains subdued due to broader macroeconomic concerns, the industry is well-positioned for growth with increasing applications of chips. Therefore, it could be wise to invest in fundamentally strong chip stocks Taiwan Semiconductor Manufacturing Company (TSM), Photronics (PLAB), and Xperi (XPER), which are trading under $100. Keep…