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The Latest Breaking News on Asian tech

Delta blames volatility on external factors

Delta Electronics (Thailand) informed the Stock Exchange of Thailand (SET) the company's share price fluctuations were caused by external factors and its financial fundamentals remained robust, as the stock continued to sway on Wednesday.

Bangkok Post

Delta Electronics dump weighs on SET performance

Shares of Delta Electronics plunged by nearly 20% on Tuesday, dragging down the bourse after the Stock Exchange of Thailand (SET) imposed market surveillance measures on the equity, citing unusual rises in price.

Bangkok Post

Semiconductor fab: the unfinished agenda

To set up a semiconductor fabrication plant in India is not mere hubris. There is a growing market. There are also strategic reasons: India’s susceptibility to coercion increases due to its dependence on the import of semiconductors.

The Hindu

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Delta shares slump after SET imposes curbs

Shares of Delta Electronics (Thailand) Plc, which have shot up this year to become the country’s most valuable stock, slumped on Tuesday as the Stock Exchange of Thailand imposed trading curbs to quell unexplained gains. Analysts also queried the surge in its valuation.

Bangkok Post

Gruha Jyothi applications go up to 1,61,958 on second day of registration

As more people were able to access the portal to apply for Gruha Jyothi scheme on Monday, the number of those who registered on the platform doubled to 1,61, 958 (up until 5.30 p.m) from Sunday’s total of 55,000. A total of 1,06,958 consumers registered on Monday.

The Hindu

Buy, Sell, or Hold: Taiwan Semiconductor Manufacturing (TSM)

Technological advancements and soaring requirements for chips could drive the semiconductor industry’s long-term growth. Given this backdrop, should investors buy, sell, or hold the chip stock Taiwan Semiconductor Manufacturing (TSM)? Read on to find out….

StockNews.com

With $1.4 billion investment, Texas hopes to sprint to the front of the microchip manufacturing race

Microchips are increasingly present in every day life, from phones and laptops to cars and washing machines. Gov. Greg Abbott approved last week a stimulus package in an effort to shore up the supply chain after the pandemic’s disruptions.

The Texas Tribune

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Investors eyeing tech startups

Japanese investors are interested in Thai tech startups, supporting their business expansion to regional markets, says an executive of Bank of Ayudhya (Krungsri).

Bangkok Post

Ex-Samsung exec charged with stealing trade secrets to create copycat chip factory in China

South Korean prosecutors have arrested and indicted a former executive of Samsung Electronics suspected of stealing trade secrets while attempting to establish a copycat computer chip plant in China

The Independent UK

Ex-Samsung exec accused of building copycat chip plant in China

A former Samsung Electronics Co executive allegedly stole blueprints and designs to try and replicate an entire semiconductor plant in China, Korean prosecutors said in outlining an unusual attempt to establish world-class chipmaking capabilities in the world’s No 2 economy.

Bangkok Post

My visits to Singapore and Japan were meant to attract investments, says Chief Minister M.K. Stalin

Chief Minister M.K. Stalin said on Sunday that his recent visits to Singapore and Japan were meant to invite industrialists in person to invest in Tamil Nadu.

The Hindu

US CHIPS Act Funding Under Attack Following Debt Ceiling Fight

The US CHIPS Act, the measure that oversees the distribution of around $280 billion in funding for semiconductor-related pursuits, may not have as secure a funding guarantee as previously thought.

Tom’s Hardware

UAE delegation to visit Mysuru to attract companies to its Hamriyah Free Zone

The Mysore Chamber of Commerce and Industry (MCCI) in association with ASSOCHAM and Government of Sharjah, United Arab Emirates (UAE), will be organizing One to One meetings with senior officials from Hamriyah Free Zone in UAE in Mysuru on June 12 and 13 for the benefit of Indian companies wishing…

The Hindu

Self-financing engineering colleges’ staff struggle for salaries

Nearly two years after the enactment of a law that guarantees their salaries and service conditions, the employees of several self-financing engineering colleges in Kerala continue to face an uphill battle for their emoluments.

The Hindu

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The Guardian - AU

Japan vending machines to automatically offer free food if earthquake hits

Machines in coastal city of Ako, are located in an area that experts say is vulnerable to a future powerful earthquake

The Hindu

‘Floods and the resultant mess reveal that Bengaluru is not all gloss’, says former CM S.M. Krishna

S.M. Krishna, the flamboyant former Chief Minister of Karnataka credited with sowing the seeds of the tech boom, recalls the transformation of Bengaluru from a ‘pensioners’ paradise’ into the ‘Silicon Valley of India’, and the descent into a messy metropolis, in an interview with The Hindu

Bangkok Post

Sentiment hits 3-year high amid economic recovery

The Digital Industry Sentiment Index rose above the threshold of 50 in the first quarter for the first time in 12 months, reaching a three-year high, according to a survey by the Digital Economy Promotion Agency (Depa).

Android Central

Samsung confirms its Unpacked event will be held in South Korea

Samsung has confirmed its upcoming summer Unpacked event will take place in South Korea, marking the country's importance.

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Bangkok Post

Thai online marketplaces finally move into profit

Thailand's e-marketplace players are shifting to profitability after almost a decade of losses, attributed to cautious spending, operating adjustments and increasing service fees.

StockNews.com

Intel Corporation (INTC): Buy, Sell, or Hold?

Leading chip maker Intel (INTC) reported poor first quarter 2023 results, with declining revenue and rising losses. Despite its long-standing reputation, the company seems to be struggling to keep up with its competitors. Hence, I think this fundamentally weak stock might be best avoided. Read more.

StockNews.com

3 Semiconductor Stocks to Buy Under $15

With technological advancements and the growing demand for connectivity, the semiconductor industry has experienced robust growth. Hence, it could be wise to invest in the shares of Nikon Corporation (NINOY), Park Aerospace (PKE), and Everspin Technologies (MRAM), trading under $15, which are poised to capitalize on the industry’s tailwinds. Learn…

The Hindu

I&B Ministry to organise conclave to mark nine years of Modi government

Three panel discussions will be organised during the conclave.

Bangkok Post

Korean firms set to invest B7bn locally

Five South Korean companies are keen to embark on new investment projects in Thailand, ranging from an electric vehicle (EV) business to the construction of a new industrial estate, says the Industrial Estate Authority of Thailand (IEAT).

The Japan News/Yomiuri

Kishida takes hands-on approach toward chipmaking

Semiconductors are increasingly important from the perspective of economic security. The Japanese government is scrambling to attract investment in Japan by major foreign manufacturers to revive the Japanese chipmaking industry.

The Hindu

Clutch of U.S. firms to expand operations in Hyderabad

Entities from the U.S. met Telangana Industries and IT Minister K.T. Rama Rao and his officials

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