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The Latest Breaking News on Asian tech

TSTH to gain from higher steel consumption

Tata Steel Thailand Plc (TSTH), a unit of India's largest steelmaker, expects to benefit from higher steel consumption in Thailand this year but needs to control production costs, driven by more expensive power bills.

Bangkok Post

Chip Sector Bathes In Bullish Stock Moves; These 6 Stocks Look Best

Applied Materials broke out of a cup base with a buy point of 116.19 in strong volume last week.

Investors Business Daily

Growth in IT spending set to dwarf global rate

IT spending in Thailand is expected to register 4.2% growth in 2023, slightly slower than last year's level, weighed down by a projected contraction in spending on devices, according to research firm Gartner.

Bangkok Post

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IBD 50 Stocks To Watch: Another Sign Chip Sector Leads Stock Market

Onsemi produced strong gross margin and EPS growth. They recently partnered with Volkswagen on their next-generation electric vehicles.

Investors Business Daily

Finance minister Nirmala Sitharaman asks India Inc to be prime movers in frontier technologies

NEW DELHI: Finance minister Nirmala Sitharaman on Thursday asked India Inc to be prime movers in frontier technologies, adding that the government will facilitate the development.

The Times of India

Chipmaker Macom Tops Quarterly Goals But Stumbles With Sales Outlook

Chipmaker Macom Technology Solutions narrowly beat Wall Street's targets for its fiscal first quarter but offered mixed guidance.

Investors Business Daily

Totoki to replace Yoshida as Sony Group president

Hiroki Totoki, currently Sony Group Corp.'s executive deputy president and chief financial officer, will be promoted to president and chief operating officer on April 1, the company announced Thursday.

The Japan News/Yomiuri

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Sony chief financial officer to lead electronic giant as president

Sony has appointed a veteran executive as its president to lead the Japanese electronics and entertainment conglomerate through times of change.

Irish Independent

Sony taps president to steer entertainment-electronic empire

Sony has appointed a company veteran as its president to lead the Japanese electronics and entertainment conglomerate through times of change

The Independent UK

Chipmaker Qorvo Beats Quarterly Targets But Guides Low

Chipmaker Qorvo handily beat expectations for its fiscal third quarter but it badly missed views with its outlook.

Investors Business Daily

Adani shares nosedive as Indian tycoon drops down rich list

Mumbai (AFP) - Shares in Gautam Adani's empire nosedived again on Wednesday as the Indian tycoon dropped off the Forbes top 10 rich list following allegations of massive accounting fraud.

AFP

Share sale fails to halt Adani market slide in India

Mumbai (AFP) - A successful public offer failed to stop investors dumping shares in Indian tycoon Gautam Adani's business empire for a fifth day on Wednesday after allegations of massive accounting fraud from a short-seller investment group.

AFP

South Korea logs record trade deficit as tech demand falls

South Korea has logged its biggest monthly trade deficit ever, at $12.7 billion in January, as exports of computer chips and other high-tech items sank and costs for importing oil and gas surged

The Independent UK

AMD Stock Rises As Data Center Business Drives Fourth-Quarter Beat

Advanced Micro Devices cleared Wall Street's hurdles for the fourth quarter but set a lower bar for the current period.

Investors Business Daily

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StockNews.com

These 4 Semiconductor Stocks Are Hot Buys Right Now

Despite the supply chain issues spurred by U.S.-China tensions, the semiconductor industry’s growth prospects appear bullish due to increased demand and usage across various sectors and growing federal and corporate spending. Hence, fundamentally sound semiconductor stocks Taiwan Semiconductor (TSM), Broadcom (AVGO), Photronics (PLAB), and Xperi (XPER) could be solid buys…

AFP

Large investors pull Adani's $2.5 bn share sale through after stock rout

Mumbai (AFP) - Adani Group's ambitious share sale exceeded its subscription targets Tuesday in a relief for the Indian conglomerate, which is reeling from allegations of "brazen" corporate fraud that wiped more than $65 billion off its value.

Investors Business Daily

Chipmaker Allegro MicroSystems Posts Beat-And-Raise Quarterly Report

Chipmaker Allegro MicroSystems beat Wall Street's targets for its fiscal third quarter and guided higher for the current period.

The Guardian - UK

Infosys: firm founded by Rishi Sunak’s father-in-law in UK tax dispute

HMRC and the Indian IT services firm disagree over corporation tax bill of about £20m

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The Independent UK

Richest Asian, Adani, targeted in $68B stock market rout

Asia’s richest man, Gautam Adani, has seen his companies shed $68 billion in market value in the past week after short-selling firm Hindenburg Research accused him of “pulling the largest con in corporate history.”

Asharq Al-Awsat

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…

AFP

Samsung quarterly profits plunge to 8 year low on demand slump

Seoul (AFP) - Samsung Electronics said Tuesday that its fourth-quarter operating profits plunged nearly 70 percent, the biggest drop in more than eight years, as the global economic slowdown dealt a blow to electronics and chips sales.

Investors Business Daily

NXP Semiconductors Tops Views On Automotive Chip Sales Growth

NXP Semiconductors beat estimates for the fourth quarter thanks to a surge in automotive chip sales. But it guided lower.

AFP

Adani fails to stem stock rout at Indian business empire

Mumbai (AFP) - Gautam Adani's vast Indian business empire lost billions more dollars in value on Monday after its rejection of claims of widespread fraud failed to reassure investors.

Irish Independent

Dutch tightlipped as US pushes restrictions on tech sales to China

Netherlands Prime Minister Mark Rutte says it is not clear whether his government will disclose the result of ongoing talks with the US over new export restrictions for the semiconductor industry.

Irish Independent

Indian billionaire Adani sees value of firms slump by $48bn

Shares of India’s Adani Enterprises plunged on Friday after a scathing report by a US short seller triggered a selloff in the conglomerate’s listed firms, casting doubts on the success of the company’s record $2.45bn (€2.25bn) secondary share sale.

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