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The Latest Breaking News on Asian tech

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…

Asharq Al-Awsat

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.

Bangkok Post

Adani Group mulls suing US short-seller for fraud claims

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

The Independent UK

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India's 1.4 billion population could become world economy's new growth engine

NEW DELHI: India’s economic transformation is kicking into high gear.

The Times of India

Karnataka HC quashes proceedings against four accused of running fake call center

BENGALURU: Pointing out that there are no victims or complaints lodged by general public alleging cheating, the Karnataka high court has quashed the proceedings against four persons accused of running a fake call center at Whitefield, Bengaluru city.

The Times of India

3 Chip Stocks to Buy This Week for Under $100

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…

StockNews.com

Ex-Manager of China’s Semiconductor ‘Big Fund’ Handed Over to Prosecutors

Lu Jun, who headed the firm in charge of the country’s biggest state-run chip investment vehicle, is suspected of taking bribes, embezzling public funds and abusing his position

Caixin Global

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Adani now plans to enter water segment; FPO opens January 27

MUMBAI: Adani Enterprises, which is launching India Inc's second-largest follow-on public offer worth Rs 20,000 crore next week, on Thursday said it is planning to enter the water segment as this is a key element of its core business of infrastructure.

The Times of India

1 Semiconductor Stock You Should Buy Now

Despite facing inflationary headwinds and demand softness lately, semiconductor foundry major Taiwan Semiconductor Manufacturing Company (TSM) remains well-positioned to gain from the increasing demand for high-performance chips. Thus, we think it could be wise to buy the stock now. Read more….

StockNews.com

Biden, Dutch PM Rutte discuss China, Ukraine at White House meet

Meeting comes as US has sought support for export controls to limit Beijing’s access to advanced computer chips.

Al Jazeera

3 Semiconductor Stocks You Can Buy and Hold Forever

While the demand for semiconductors has damped over the past months, increasing investments and technological advancements should keep the industry afloat in the long run. Therefore, fundamentally strong semiconductor stocks Taiwan Semiconductor Manufacturing (TSM), STMicroelectronics (STM), and Photronics (PLAB) might be solid buy-and-hold options. Keep reading.

StockNews.com

Biden administration imposes China chip curbs on Macau

The Biden administration on Tuesday hit Macau with sweeping new export controls it previously imposed on shipments of advanced chips and chipmaking equipment to Beijing, flagging the risk that the technology could be diverted from the region to the rest of China.

Reuters

Biden to host Netherlands PM for talks on tech, Ukraine

President Joe Biden is set to host Dutch Prime Minister Mark Rutte for talks

The Independent UK

Econometer: Should the US subsidize chip making?

U.S. lawmakers approved about $76 billion in government subsidies this summer for American semiconductor production.

Tribune News Service

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Reuters

Dutch PM Rutte denies U.S. pressure over chip export policy

The Netherlands is not feeling pressured by Washington to adopt new U.S. rules further restricting semiconductor technology exports to China, Dutch Prime Minister Mark Rutte said on Friday.

Bangkok Post

Metro banking on online channels for market share

Metro Machinery Co Ltd Group, Thailand's sole authorised dealer of heavy machinery brand Caterpillar, is expanding its business through online channels, aiming to achieve 36 billion baht in total sales this year.

StockNews.com

NVIDIA vs. Taiwan Semi: Which Chip Stock Is the Better Buy in 2023

Chip demand has been under pressure lately. However, industry executives have a positive outlook for 2023. Also, the industry is expected to witness steady growth in the long term. So, popular chip stocks NVIDIA (NVDA) and Taiwan Semiconductor Manufacturing Company (TSM) are expected to be solid beneficiaries of the industry…

StockNews.com

The Cheapest Chip Stock to Buy in 2023

Taiwan-based chipmaker United Microelectronics is trading at a discount to its peers. Although the current uncertain macroeconomic environment means that the company will continue to face soft consumer demand, the demand for chips is expected to remain strong in the long run due to their increasing applicability. Therefore, it could…

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The Independent UK

Taiwan chipmaker TSMC says quarterly profit up 78%

Taiwan Semiconductor Manufacturing Co., the biggest contract manufacturer of processor chips for smartphones and other products, says its quarterly profit rose 78% over a year earlier but forecast weak demand this year

Reuters

Biden, Japan's Kishida expected to discuss security, global economy-U.S. official

U.S. President Joe Biden and Japan's Prime Minister Fumio Kishida are expected to discuss joint security issues as well as the global economy in summit talks on Friday, a senior administration official told Reuters.

The Times of India

Tata reviews super app strategy as sales may miss target by 50%

MUMBAI: MUMBAI: Tata Group’s ambitious super app is expected to meet just half of the sales target in its debut year, forcing the sprawling Indian corporate to review its digital strategy, people familiar with the matter said.

Bangkok Post

Frasers allots B5bn for industrial sector

Frasers Property Industrial Thailand (FPIT) plans to spend 5 billion baht this year to expand industrial spaces in Thailand, Vietnam and Indonesia by 250,000 square metres.

StockNews.com

4 Semiconductor Stocks to Buy Hand Over Fist for 2023

Despite being marred by the macroeconomic headwinds and regulatory actions last year, the semiconductor industry’s growth prospect looks promising with significant government support. Hence, quality semiconductor stocks Taiwan Semiconductor (TSM), Broadcom (AVGO), STMicroelectronics (STM), and Photronics (PLAB) might be solid buys for 2023. Read on….

The Times of India

Byju’s seeks more time from lenders to recast $1.2 billion debt

BENGALURU: Byju’s, the world’s most valuable edtech startup, has sought more time from creditors to renegotiate an agreement governing a $1.2 billion loan that is in breach of covenants, according to people with knowledge of the matter.

Reuters

North America vows to strengthen economic ties, Mexico energy row rumbles on

The United States, Mexico and Canada on Tuesday vowed to tighten economic ties, producing more goods regionally and boosting semiconductor output, even as integration is hampered by an ongoing dispute over Mexico's nationalist energy policies.

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