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The Latest Breaking News on Asian tech

India's oligarchs under Modi facing a crisis

Over the past two decades, Indian multi-billionaire Gautam Adani's close ties to Prime Minister Narendra Modi have helped the Gujarati businessman become Asia's wealthiest person. Mr Adani's meteoric rise also made him the poster boy for India's growth story -- until allegations of fraud and stock manipulation brought his eponymous…

Bangkok Post

Vedanta-Foxconn selects Dholera SIR for first semiconductor facility in India

NEW DELHI: In a first, Vedanta and electronics manufacturing firm Foxconn on Monday unveiled their plan to set up a semiconductor and display manufacturing facility in Ahmedabad, news agency PTI reported quoting sources.

The Times of India

1 Resilient Chip Stock to Buy in 2023 and 1 to Avoid

Thanks to its increasing demand spanning several sectors, the chip industry is well-positioned for long-term growth. Therefore, investors could look to buy fundamentally strong chip stock Taiwan Semiconductor Manufacturing (TSM), while Advanced Micro Devices (AMD) might be best avoided due to its weak fundamentals. Keep reading….

StockNews.com

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2 Semiconductor Picks for 2023 and 1 to Sell Short or Avoid

Despite widespread market turbulence, the global semiconductor industry is anticipated to thrive in the long term, supported by lucrative federal investments. Given the steady prospects of the industry, fundamentally strong semiconductor stocks Taiwan Semiconductor (TSM) and Photronics (PLAB) could be worth buying this year. However, NVIDIA (NVDA) might be best…

StockNews.com

Asia’s Coming Demographic Divergence

The growing symbiosis between South Korea and Vietnam is an excellent example of Asia’s demographic interconnectedness, as South Korea continues to locate its lower-cost manufacturing operations in other countries.

The News Lens

2 Chip Stocks to Buy for Under $100 in February

Despite near-term headwinds, the prospects of the chip industry look bright due to its wide application across industries. Therefore, it could be wise for investors to buy fundamentally strong chip stocks Taiwan Semiconductor Manufacturing Company (TSM) and Xperi (XPER), which are currently trading under $100. Keep reading.

StockNews.com

Could trouble for Adani trip up Narendra Modi?

Repercussions from Hindenburg report reach into political sphere as spotlight falls on tight-knit relationship between India’s prime minister and the billionaire

The Guardian - UK

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1 Semiconductor Stock That Will Be a Big Winner in 2023

Shares of Taiwan Semiconductor Manufacturing Company (TSM) have gained more than 10% over the past month after the Taiwanese government passed a new law that gives a major tax break to local chipmakers. Moreover, the company is poised for massive growth, driven by its portfolio of innovative process technologies and…

StockNews.com

Retail investors keep faith in Indian market despite $129 billion rout in Gautam Adani stocks

MUMBAI: Individual stock investors in India are keeping faith in the country’s $3.1 trillion equity market even after a punishing selloff in Adani group shares threatened to drag down one of the world’s best-performing indexes since the pandemic.

The Times of India

Gautam Adani group touts cash reserves in bid to calm investors

MUMBAI: Indian billionaire Gautam Adani’s embattled conglomerate said it has adequate cash reserves and its listed companies are able to refinance their debts.

The Times of India

3 Semiconductor Stocks to Invest in Right Now and 1 to Sell

Despite the major turbulence in the semiconductor industry, global sales reached the highest-ever annual total last year. Given the solid prospects of the industry, fundamentally strong semiconductor stocks Taiwan Semiconductor (TSM), Broadcom (AVGO), and United Microelectronics (UMC) might be worth buying. However, fundamentally weak NVIDIA (NVDA) might be best avoided.…

StockNews.com

Sabuy aims to capture society’s basic needs

Founded as a top-up machine operator in 2015, Sabuy Technology Plc has shifted focus to a commerce lifestyle platform provider, aiming to become an infrastructure operator in that sector regionally by next year.

Bangkok Post

Digital credit to be rolled out this year; NRIs in 10 countries to get UPI service

NEW DELHI: The government will roll out digital credit service this year which will enable even small street vendors to avail credit from large banks, Telecom and IT Minister Ashwini Vaishnaw said on Thursday.

The Times of India

Adani Wilmar Q3 net profit rises 15% to Rs 246.11 crore

NEW DELHI: Edible oil major Adani Wilmar Ltd on Wednesday reported a 15 per cent increase in its consolidated profit to Rs 246.11 crore for the third quarter ended December 2022, on higher revenue.

The Times of India

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Bangkok Post

TSTH to gain from higher steel consumption

Tata Steel Thailand Plc (TSTH), a unit of India's largest steelmaker, expects to benefit from higher steel consumption in Thailand this year but needs to control production costs, driven by more expensive power bills.

Bangkok Post

Growth in IT spending set to dwarf global rate

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.

The Times of India

Finance minister Nirmala Sitharaman asks India Inc to be prime movers in frontier technologies

NEW DELHI: Finance minister Nirmala Sitharaman on Thursday asked India Inc to be prime movers in frontier technologies, adding that the government will facilitate the development.

The Japan News/Yomiuri

Totoki to replace Yoshida as Sony Group president

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.

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The Independent UK

Sony taps president to steer entertainment-electronic empire

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

The Independent UK

South Korea logs record trade deficit as tech demand falls

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

StockNews.com

These 4 Semiconductor Stocks Are Hot Buys Right Now

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…

The Guardian - UK

Infosys: firm founded by Rishi Sunak’s father-in-law in UK tax dispute

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

The Independent UK

Richest Asian, Adani, targeted in $68B stock market rout

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.”

Asharq Al-Awsat

Samsung’s Profit Plummets amid Global Economic Woes

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…

Bangkok Post

Donation of computer desktops to needy rural schools in coordination with Bangkok Post Foundation

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

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