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The Latest Breaking News on Asian tech

BharatPe files arbitration to claw back Ashneer Grover's 1.4% shares

NEW DELHI: Upping the ante, fintech unicorn BharatPe has filed an arbitration for clawing back it's former MD and co-founder Ashneer Grover's restricted shareholding and founder title, sources said.

The Times of India

Google Year In Search: Two London attractions were the most searched-for

This year, people around the globe searched for two of London’s top landmarks.

Evening Standard

IEAT plans to build 2 BCG estates

The Industrial Estate Authority of Thailand (IEAT) plans to build two new so-called "BCG industrial estates" in Rayong and Lamphun under a 3-billion-baht investment.

Bangkok Post

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BharatPe files criminal suit against Ashneer Grover, family

NEW DELHI: Fintech unicorn BhartPe has filed a criminal suit against its former MD and co-founder Ashneer Grover and his family, seeking up to Rs 88.67 crore in damages for alleged cheating and embezzlement of funds.

The Times of India

South Korea issues second back-to-work order, striking truckers to vote

South Korea ordered truckers in the steel and petrochemical industries to end their strike on Thursday, widening a back-to-work decree beyond the cement industry after nationwide industrial unrest has disrupted supply chains.

Reuters

The U.S. chip boom is just beginning

President Biden travelled to Arizona where TSMC plans to invest $40 billion in chip-making

Axios

4 Chip Stocks That Are Down and out This December

Macroeconomic headwinds and recently imposed regulations on chip sales have marred the chip and semiconductor industry’s performance. In this backdrop, it could be wise to avoid chip stocks NVIDIA (NVDA), Advanced Micro Devices (AMD), Marvell Technology (MRVL), and Navitas Semiconductor (NVTS), which have been on a downtrend for a while…

StockNews.com

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Japan, Belgium to cooperate in chip production, development

A newly founded Japanese semiconductor company aiming to revive Japan’s chip industry will collaborate with a Belgian research organization in research and development of next-generation chips for production in Japan

The Independent UK

South Korea divorce ruling lets SK Group chief keep shares in parent

A South Korean court ordered the chairman of No. 2 conglomerate SK Group to transfer cash of 66.5 billion won ($50.68 million) in a division of property, as part of a divorce ruling on Tuesday that kept any stock from changing hands.

Reuters

Firms to see major changes in IT, digital expenditure

IT spending in Asean, South Korea, Australia and New Zealand is expected to drop by 1-3% in 2023 despite immense economic challenges as enterprises shift to digital business to grow their revenue, according to International Data Corporation (IDC), a global tech market research firm.

Bangkok Post

Suphachai targets 20,000 tech startups

Thailand should have 20,000 tech startups and 3.9 million workers capable of coding in order to propel the country to become a tech hub in Asean, says the Digital Council of Thailand (DCT).

Bangkok Post

4 Chip Stocks That Are Incredible Buying Opportunities Right Now

The semiconductor industry is poised to benefit from the megatrend of digitization, which may not lose momentum soon. Furthermore, growing corporate investments and government support should drive the industry’s growth. Thus, fundamentally sound semiconductor stocks Taiwan Semiconductor Manufacturing (TSM), United Microelectronics (UMC), Photronics (PLAB), and Xperi (XPER) could be ideal…

StockNews.com

LG S80QR 5.1.3 Soundbar review: Immense power and supreme audio quality set the bar high

Not only does the LG S80QR look great, but it also offers fantastic sound quality for TV, films, music, and gaming.

Daily Mirror

U.S. Commerce secretary: Competing with China not 'easy'

U.S. Commerce Secretary Gina Raimondo said on Wednesday Washington must do more to counter China while insisting the world's two largest economies should not isolate from each other.

Reuters

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Tribune News Service

Biden in Michigan: US won't be 'held hostage' in chips supply

President Joe Biden visited a semiconductor chip manufacturer near Bay City on Tuesday afternoon, touting federal taxpayer investments in manufacturing to move supply chains to the United States and pursue an energy future with fewer carbon emissions.

Bangkok Post

Jack Ma reported living in Japan after China tech crackdown

TOKYO: Alibaba founder Jack Ma has been living in Tokyo for almost six months after disappearing from public view following China's crackdown on the tech sector, the Financial Times reported Wednesday, citing multiple unnamed sources.

StockNews.com

3 Chip Stocks You'll Be Glad You Bought in 2022

The semiconductor industry is geared for massive growth in the foreseeable future with increasing chip usage across all sectors. Furthermore, supportive federal investments should boost the industry’s growth. Given the industry’s long-term growth prospects, it could be wise to buy fundamentally sound chip stocks Taiwan Semiconductor (TSM), Broadcom (AVGO), and…

The Guardian - UK

Alibaba founder Jack Ma hiding out in Tokyo, reports say

Billionaire rarely seen in public since criticising attitude of China’s regulators towards tech firms in 2020

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Bangkok Post

BoI partners with FTI to promote BCG investments

The Board of Investment (BoI) has joined hands with the Federation of Thai Industries (FTI) to push ahead with new investments in targeted industries in line with bio-, circular and green (BCG) economic development.

Bangkok Post

Free laptops for poor students

The Digital Economy and Society (DES) Ministry plans to distribute 13 million free laptops to poor students between 2023 and 2027 under its action plan for the Smart Thailand scheme.

The Japan News/Yomiuri

Hakuhodo, Tokyu advertising agencies raided over suspicions of Tokyo Games bid-rigging

The headquarters of major advertising agencies Hakuhodo Inc. and Tokyu Agency Inc. were searched by members of the special investigation squad of the Tokyo District Public Prosecutors Office and the Japan Fair Trade Commission on Monday morning.

Al Jazeera

China’s COVID protesters, censors play cat-and-mouse game online

Chinese censors are scrambling to scrub references to protest codewords and demonstration hotspots like Xinjiang.

The Guardian - UK

Lack of support denting prospects for UK computer chip sector, say MPs

Call for semiconductor industry plan to be published urgently to help keep Britain in global supply chain

Bangkok Post

Thailand hosts 'Smart City Expo' at Queen Sirikit Center

Innovations for smart city development from Thailand, China, Japan, Malaysia and South Korea will take centre stage during "Thailand Smart City Expo 2022" at Queen Sirikit National Convention Center's Hall 3-4, Ratchadaphisek Road, from Wednesday to Friday from 10am to 6pm.

StockNews.com

2 Chip Stocks to Buy This November and 2 to Sell

Chip sales have been affected by broader economic factors. However, the sector’s prospects look promising with lucrative government investments. Hence, quality chip stocks Taiwan Semiconductor (TSM) and MaxLinear (MXL) might be solid buys now. However, we believe fundamentally weak stocks NVIDIA (NVDA) and Advanced Micro Devices (AMD) might be best…

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