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The Latest Breaking News on Asian tech

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.

The Hindu

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.

Bangkok Post

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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

The Hindu

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…

Bangkok Post

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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.

The Hindu

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

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

Tom’s Hardware

King Power upbeat on sales outlook

King Power Group is aiming for duty-free sales to reach 80% of the 2019 tally this year via both offline and online channels, as well as through new lifestyle retail stores, amidst a slow recovery of the Chinese market.

Bangkok Post

3 Chip Stocks STILL Struggling With Supply Chain Issues and Meeting Demand

While the chip industry faces a strong demand with extensive usage of chips, supply chain disruptions coupled with other macroeconomic headwinds continue to keep fundamentally weak stocks under immense pressure. Hence, it could be wise to avoid struggling chip stocks Entegris (ENTG), Wolfspeed (WOLF), and indie Semiconductor (INDI). Continue reading….

StockNews.com

Gable expecting IPO to underpin expansion drive

Thai tech enabler Gable is planning to raise funds from the Stock Exchange of Thailand (SET) for future expansion, with the aim of driving the digital transformation market globally.

Bangkok Post

Digital business estimated to reach B895bn this year

Thailand's digital business still has great potential for growth, with the value of goods and services purchased via digital platforms (business-to-consumer) estimated to total 895 billion baht this year, up 17.9% year-on-year, according to a recent study.

Bangkok Post

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StockNews.com

This Financial Stock With Buy Rating Showing Major Value

Japanese financial company ORIX Corp. (IX) looks well-positioned to capitalize on the resilient financial sector of the country, but its shares trade at a reasonable valuation. Therefore, this stock might be a solid buy now. Read on….

StockNews.com

1 Semiconductor Stock, and 1 Consumer Defensive Stock to Own Today

Despite cooler-than-expected inflation data in March, growing recession risks due to turmoil in the banking sector are weighing on investor sentiment lately. Given an uncertain macro backdrop, it could be wise to scoop up shares of semiconductor titan Taiwan Semiconductor Manufacturing (TSM) and consumer defensive stock Diageo plc (DEO), which…

Asharq Al-Awsat

Samsung Cutting Memory Chip Production as Profit Slides

Samsung Electronics said Friday it is cutting the production of its computer memory chips in an apparent effort to reduce inventory as it forecasted another quarter of sluggish profit. The South Korean technology giant in a regulatory filing said it has been reducing the production of certain memory products by…

The Independent UK

Samsung cutting memory chip production as profit slides

Samsung Electronics is cutting the production of its computer memory chips in an apparent effort to reduce inventory

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The Times of India

Billionaire Anil Agarwal's chip dream at risk as hurdles mount

NEW DELHI: Billionaire Anil Agarwal's plan to build a $19 billion chipmaking plant in India is floundering as his venture struggles to secure a technology partner and faces challenges in obtaining financial incentives from the government.

Bangkok Post

US's semiconductor subsidy is counterproductive

Last year's US CHIPS and Science Act created large subsidies for investments in domestic semiconductor fabrication facilities (fabs) because microchips are essential to the US economy and national security. But while no one disputes the importance of chips (which are used in everything from cruise missiles to refrigerators), there are…

StockNews.com

2 Wallet-Friendly Chip Stocks to Buy Under $15

Despite significant turmoil in the semiconductor industry, global sales reached a record high last year. The sector is anticipated to grow steadily over the long term. Therefore, investing in fundamentally strong wallet-friendly chip stocks Renesas (RNECF) and Nikon (NINOY) could be a good idea. These stocks are currently trading under…

Bangkok Post

SET urges caution after Delta surges to new high

The Stock Exchange of Thailand (SET) has told investors to exercise caution when trading shares of Delta Electronics Plc after the price surged for three consecutive days to reach an all-time high of more than 1,100 baht yesterday.

StockNews.com

These 3 Industrial Stocks Are Diamonds in the Rough

With government incentives aimed at restoring and increasing manufacturing activity, industrial stocks CIRCOR International (CIR), The Manitowoc Company (MTW), and DXP Enterprises (DXPE) could be worth investing in for impressive long-term gains. Continue reading….

The Times of India

Break up India’s biggest companies, former deputy governor of RBI Viral Acharya says

MUMBAI: India’s biggest conglomerates, which wield immense pricing power in the retail, resources and telecommunication sectors, are contributing to elevated inflation and should be broken up, a former central banker said.

StockNews.com

Forget NVDA, Buy These 3 Semiconductor Stocks Instead

The semiconductor industry is well-positioned for long-term growth due to robust chip demand with the advancement of technology. While NVIDIA (NVDA) receives much attention from investors, I believe STMicroelectronics (STM), Sumco (SUOPY), and Tower Semiconductor (TSEM) are better investments right now. Read on.

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