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The Latest Breaking News on Asian tech

End of an era? Get to know the big bosses quietly reshaping how tech does business...

With Elon mayhem at Twitter and mass firings at Meta, Silicon Valley is in chaos. Meanwhile, some low-key kingpins are quietly reshaping how tech does business (and you’ve probably never heard of them). Kate Wills reports

Evening Standard

Buy now, pay later lures apps and e-marketplaces

Super apps and e-marketplaces are making a foray into buy now, pay later (BNPL) services in Thailand to stimulate consumption amid economic headwinds and stagnant inflation.

Bangkok Post

2 Semiconductor Stocks to Buy for Under $20 Now

The semiconductor and chip industry has witnessed a substantial downtrend amid weakening demand. However, lucrative federal investments like the CHIPS Act might fortify the sector's prospects. Given the positive investor sentiment toward semiconductor stocks, United Microelectronics (UMC) and Photronics (PLAB), currently trading under $20, might be ideal investments considering their…

StockNews.com

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Chinese Mechanical-Equipment Maker Says Its Chair Faces Insider-Trading Probe

Guangzhou Haozhi’s Shenzhen-listed shares plunge nearly 16% after the company revealed Chairman Tang Lijun is being investigated by the national securities regulator

Caixin Global

China’s STAR Market Hosts $102 Billion of IPOs in First Three Years

Nasdaq-like Shanghai board’s fundraising for 486 companies accounts for more than 40% of China’s initial share sales since June 2019

Caixin Global

MORE to proceed with capital increase

More Return Plc (MORE) insisted on Tuesday it would continue with a plan to raise capital amid an ongoing investigation into suspicious transactions of its shares that prompted the Stock Exchange of Thailand (SET) to suspend trade of the stock last week.

Bangkok Post

1 Chip Stock Warren Buffett Just Bought

Warren Buffet recently purchased shares of chip giant Taiwan Semiconductor (TSM) worth more than $4 billion. The company enjoys a leadership position in the field of advanced semiconductors. However, is it well-positioned to survive the economic and industry-specific challenges now? Read on to find out….

StockNews.com

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China resumes streaming South Korean content after six-year suspension

A Chinese streaming platform has resumed distributing South Korean content after suspending it for nearly six years, South Korean officials said on Tuesday, in what Seoul called a sign of Beijing's readiness to improve ties.

Reuters

South Korea’s LG Chem to invest $3bn in US plant for EV parts

South Korean firm says facility will produce components to power 2 million electric vehicles by 2027.

Al Jazeera

Get your digital needs at Impact

"Connecting You With Global Tech And Digital Community" is the theme of "DigiTech Asean Thailand 2022", which will take place at Impact Exhibition Centre's Building 7, Muang Thong Thani, from tomorrow to Friday daily from 10am to 5pm.

Bangkok Post

2 Semiconductor Stocks to Buy Hand Over Fist

Although the semiconductor industry is currently struggling with demand headwinds, its long-term prospects look bright. Moreover, lucrative federal investments are expected to boost the industry further. Therefore, investors could consider buying fundamentally sound semiconductor stocks Broadcom (AVGO) and STMicroelectronics (STM). Keep reading….

StockNews.com

Royal Commission Prepares Infrastructure to Attract Investments in Jazan

The Royal Commission for Jubail and Yanbu (RCJY) signed investment and construction agreements worth over $266 million with several investors in Jazan City. The city concluded the agreements in the presence of chairman Khalid al-Salem who confirmed that the new contracts contribute to achieving the city's goals. Salem explained that…

Asharq Al-Awsat

Taiwan's APEC envoy at the center of processor chip tension

Taiwan’s envoy to APEC is the 91-year-old billionaire founder of a computer chip manufacturing giant that operated behind the scenes for decades before being thrust into the center of U.S.-Chinese tension over technology and security

The Independent UK

Beko backs Thailand as production hub

Beko, one of the three largest white goods companies in Europe, is promoting Thailand as a manufacturing hub for Asia-Pacific, the US, Canada, Africa and Europe, presenting its Rayong factory as a model site for the brand's leading technologies.

Bangkok Post

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3 Chip Stocks to Invest in That Aren’t NVIDIA

The chip industry should witness a solid growth trajectory in the coming years despite the ongoing macroeconomic and geo-political disruptions. Moreover, increased government assistance should help this industry secure a stable supply chain. While chip giant NVIDIA (NVDA) has been soaring over the past month, other popular stocks, Taiwan Semiconductor…

Caixin Global

Indonesia IT Minister Plays Up Opportunities in Country’s Digital Transformation

Fewer than one-third of the Southeast Asian nation’s micro, small, and midsize enterprises have undergone digitization

Asharq Al-Awsat

Saudi Arabia, Indonesia Sign MoU on Energy Cooperation

Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz and his Indonesian counterpart, Arifin Tasrif, have signed a memorandum of understanding (MoU) for cooperation between their two countries in the fields of energy on the sidelines of the G20 summit held in Bali. The Saudi Press Agency said Wednesday…

Caixin Global

BYD Parks Chip Unit IPO

The Chinese carmaker says it had to postpone the planned listing because of how an investment in the subsidiary will affect its balance sheet

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The Japan News/Yomiuri

New Japanese company aims to begin production of next-generation chips by 2027

Rapidus, a new semiconductor company established by eight leading Japanese firms, aims to start mass-producing domestic next-generation semiconductors by around 2027, the company said Friday.

The Japan News/Yomiuri

Japanese firms partner to produce next-gen chips

Eight major Japanese firms have established a new company to produce next-generation semiconductors in Japan by the end of the decade.

Reuters

Fire knocks out services at South Korea tech giants Kakao, Naver

A fire at a suburban data centre south of Seoul damaged servers of South Korea's major tech companies, Kakao Corp. and Naver Corp. on Saturday, causing extensive disruption to the country's dominant messenger service and internet portal.

RideApart

Honda Teams Up With South Korean Tech Giant LG To Produce EV Batteries

Honda and LG are working to develop and manufacture EV batteries for the U.S. market, with the two companies planning to put up a manufacturing facility.

Bangkok Post

Huawei's ICT camp gets underway

Global tech powerhouse Huawei Technologies is pursuing its onsite ICT skill building event under its flagship Asia-Pacific Seeds for the Future programme in Thailand to develop digital skills among youth in the region.

Reuters

Taiwan's president says peace critical to tech supply chain stability

Peace and stability in the Taiwan Strait is critical to the stability of the global supply chain of high-tech products, Taiwan President Tsai Ing-wen told a Japanese publication, in comments published by her office on Tuesday.

The Independent UK

Japan tech giant SoftBank posts $23 billion quarterly loss

Japanese technology company SoftBank Group posted a $23 billion loss in the April-June quarter as the value of its investments sank amid global worries about inflation and interest rates

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