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The Latest Breaking News on Asian tech

2 Chip Stocks to Buy in 2023 and 2 to Avoid Completely

Despite the current short-term cyclical downturn, the long-term outlook for the chip industry remains strong thanks to the increasing application of chips in powering critical technological trends. Therefore, quality chip stocks Taiwan Semiconductor Manufacturing (TSM) and Broadcom (AVGO) could be ideal buys this year. However, it could be wise to…

StockNews.com

Samsung Electronics to Invest $230 Bln Through 2042 in South Korea Chipmaking Base

South Korean tech giant Samsung Electronics expects to invest $230 billion over the next 20 years to develop what the country's government called the world's largest chip-making base, in line with efforts to boost the national chip industry. Samsung's around 300 trillion won project is part of a 550 trillion…

Asharq Al-Awsat

Samsung to invest $230 billion to build "mega" chip cluster

Samsung Electronics said Wednesday it expects to invest $230 billion over the next 20 years as part of an ambitious South Korean national project to build the world’s largest semiconductor manufacturing base near the capital, Seoul

The Independent UK

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Masatoshi Ito, who brought 7-Eleven convenience stores to Japan, has died

Convenience stores known as konbini have become a consumer staple in Japan. The country had more than 20,000 7-Eleven stores as of 2018.

WEKU

Gautam Adani stock rout puts spotlight on billions flowing through Mauritius

The tiny island of Mauritius spent years trying to clean up its image as a base for murky money launderers and shell firms. The short-seller allegations against billionaire Gautam Adani are once again reviving questions about the country’s role as a tax haven for India’s tycoons.

The Times of India

Anthony Albanese heads to India with the hopes of securing lucrative opportunities for Australia

Prime Minister Anthony Albanese is due to touch down in India today for a visit to shore up ties with the South Asian nation as it strives to become the next economic superpower.

ABC News

Kakao offers to buy 35% of K-pop firm SM in growing battle

South Korean technology firm Kakao has launched a tender offer to buy up to 35% of K-pop agency SM Entertainment and become its largest shareholder, escalating a battle with entertainment firm Hybe for control of the company

The Independent UK

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Delhi: CBI arrests Pearl group Director in multi-crore chit fund case after being deported from Fiji

The Central Bureau of Investigation (CBI) on Tuesday arrested an absconding accused, then Director of Pearl Group, on his arrival in New Delhi, in connection with a multi-crore chit fund case. Read further on Dynamite News:

Dynamite News

2 Cheap Chip Stocks to Buy Now

Despite significant turbulence in the semiconductor business, global sales reached an all-time high last year. The industry is poised for solid long-term growth. Therefore, investors looking to buy quality chip stocks could now consider investing in United Microelectronics (UMC) and Photronics (PLAB), which look undervalued at their current prices. Keep…

StockNews.com

Indian retail industry to reach $2 trillion by 2032: Reliance Retail director Subramaniam V

NEW DELHI: The Indian retail market is one of the fastest growing in the world and is expected to reach $2 trillion by 2032, according to Reliance Retail director Subramaniam V.

The Times of India

Japan weighs lifting of strict controls on exports to South

The government will likely lift its strict export controls on semiconductor materials and other items to South Korea if Seoul withdraws a complaint lodged with the World Trade Organization against Japan, government sources said.

The Japan News/Yomiuri

BoI talking to semiconductor makers

The Board of Investment (BoI) is in talks with semiconductor manufacturers from the US and Taiwan to encourage them to expand their production facilities to Thailand, part of government efforts to grow the electric vehicle (EV) industry.

Bangkok Post

3 Other Chip Stocks to Check out in Addition to TSM

The chips industry’s long-term prospects look promising due to the exponential rise in demand. While Taiwan Semiconductor (TSM) has gained significant popularity among investors, United Microelectronic (UMC), MasxLinear (MXL), and CEVA (CEVA) could be worth checking out. Keep reading.

StockNews.com

India's services activity grew at its fastest pace in 12 years in February

NEW DELHI: According to a monthly survey, India's services sector saw its strongest expansion in 12 years in February due to favorable demand conditions and new business gains.

The Times of India

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Bangkok Post

Foreigners flee Thai stocks at rapid rate

Foreign investors were net sellers of US$1.1 billion (37 billion baht) worth of shares on the Thai stock exchange in February, the highest value among Asian bourses for the month and the biggest net sell-off on the exchange since April 2020, with several factors pressuring investments, according to analysts.

StockNews.com

The Best Semiconductor Stock to Own This Decade

Taiwan Semiconductor’s (TSM) commitment to delivering notable growth over the past years and recent strategic advances makes it a pioneering force in the semiconductor industry. Given its robust fundamentals, investors could consider owning this chip stock for a decade. Continue reading.

Al Jazeera

US govt to chip makers: Share profits if you want subsidies

The plan requires firms that want subsidies to share future profits with government and provide childcare for employees.

The Times of India

Vedanta says confident of meeting debt repayment liabilities

NEW DELHI: Billionaire Anil Agarwal's Vedanta Resources Ltd on Tuesday said it has enough means to meet debt repayment liabilities in the coming quarters as it looked to assuage investor concerns around its financial position.

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Bangkok Post

Study finds Thai women eager to enhance job skills

Nearly half of Thai women age 35 and older showed the strongest motivation towards entrepreneurship, as the majority of the female workforce across Southeast Asia is interested in taking additional courses to develop their skills, a recent study showed.

StockNews.com

2 Semiconductor Stocks to Invest $1,000 in for 2023

Global semiconductor sales increased last year, despite the widespread macroeconomic headwinds. The industry’s long-term prospects look bright amid lucrative federal investments and robust demand. So, fundamentally strong semiconductor stocks Taiwan Semiconductor (TSM) and Broadcom (AVGO) could be worth investing $1,000 this year. Continue reading.

The Independent UK

G-20 finance chiefs to tackle global economic threats

Top financial leaders from the Group of 20 leading economies are gathering in the south Indian technology hub of Bengaluru to tackle challenges to global growth and stability

Bangkok Post

FTI sees car exports reaching 1.05m goal

The Federation of Thai Industries (FTI) expects the semiconductor shortage to ease and for pickup sales to help Thailand's automotive production for export to reach a target of 1.05 million units this year.

Bangkok Post

India's oligarchs under Modi facing a crisis

Over the past two decades, Indian multi-billionaire Gautam Adani's close ties to Prime Minister Narendra Modi have helped the Gujarati businessman become Asia's wealthiest person. Mr Adani's meteoric rise also made him the poster boy for India's growth story -- until allegations of fraud and stock manipulation brought his eponymous…

The Times of India

Vedanta-Foxconn selects Dholera SIR for first semiconductor facility in India

NEW DELHI: In a first, Vedanta and electronics manufacturing firm Foxconn on Monday unveiled their plan to set up a semiconductor and display manufacturing facility in Ahmedabad, news agency PTI reported quoting sources.

StockNews.com

1 Resilient Chip Stock to Buy in 2023 and 1 to Avoid

Thanks to its increasing demand spanning several sectors, the chip industry is well-positioned for long-term growth. Therefore, investors could look to buy fundamentally strong chip stock Taiwan Semiconductor Manufacturing (TSM), while Advanced Micro Devices (AMD) might be best avoided due to its weak fundamentals. Keep reading….

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