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The Latest Breaking News on Asian tech

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

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

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

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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

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…

StockNews.com

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

The Guardian - 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.”

The Independent UK

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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…

Asharq Al-Awsat

Donation of computer desktops to needy rural schools in coordination with Bangkok Post Foundation

ManpowerGroup, the leading global workforce solutions company, recently donated thirty computer desktops to needy rural schools in Phetchaburi province.

Bangkok Post

Adani Group mulls suing US short-seller for fraud claims

India’s Adani Group has launched a share offering for retail investors and says it is considering legal action against U.S.-based short-selling firm Hindenburg Research for allegations of stock market manipulation and accounting fraud that caused heavy selling of its stocks this week

The Independent UK

India's 1.4 billion population could become world economy's new growth engine

NEW DELHI: India’s economic transformation is kicking into high gear.

The Times of India

Karnataka HC quashes proceedings against four accused of running fake call center

BENGALURU: Pointing out that there are no victims or complaints lodged by general public alleging cheating, the Karnataka high court has quashed the proceedings against four persons accused of running a fake call center at Whitefield, Bengaluru city.

The Times of India

3 Chip Stocks to Buy This Week for Under $100

While demand for chips remains subdued due to broader macroeconomic concerns, the industry is well-positioned for growth with increasing applications of chips. Therefore, it could be wise to invest in fundamentally strong chip stocks Taiwan Semiconductor Manufacturing Company (TSM), Photronics (PLAB), and Xperi (XPER), which are trading under $100. Keep…

StockNews.com

Ex-Manager of China’s Semiconductor ‘Big Fund’ Handed Over to Prosecutors

Lu Jun, who headed the firm in charge of the country’s biggest state-run chip investment vehicle, is suspected of taking bribes, embezzling public funds and abusing his position

Caixin Global

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The Times of India

Adani now plans to enter water segment; FPO opens January 27

MUMBAI: Adani Enterprises, which is launching India Inc's second-largest follow-on public offer worth Rs 20,000 crore next week, on Thursday said it is planning to enter the water segment as this is a key element of its core business of infrastructure.

StockNews.com

1 Semiconductor Stock You Should Buy Now

Despite facing inflationary headwinds and demand softness lately, semiconductor foundry major Taiwan Semiconductor Manufacturing Company (TSM) remains well-positioned to gain from the increasing demand for high-performance chips. Thus, we think it could be wise to buy the stock now. Read more….

Al Jazeera

Biden, Dutch PM Rutte discuss China, Ukraine at White House meet

Meeting comes as US has sought support for export controls to limit Beijing’s access to advanced computer chips.

StockNews.com

3 Semiconductor Stocks You Can Buy and Hold Forever

While the demand for semiconductors has damped over the past months, increasing investments and technological advancements should keep the industry afloat in the long run. Therefore, fundamentally strong semiconductor stocks Taiwan Semiconductor Manufacturing (TSM), STMicroelectronics (STM), and Photronics (PLAB) might be solid buy-and-hold options. Keep reading.

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Reuters

Biden administration imposes China chip curbs on Macau

The Biden administration on Tuesday hit Macau with sweeping new export controls it previously imposed on shipments of advanced chips and chipmaking equipment to Beijing, flagging the risk that the technology could be diverted from the region to the rest of China.

The Independent UK

Biden to host Netherlands PM for talks on tech, Ukraine

President Joe Biden is set to host Dutch Prime Minister Mark Rutte for talks

Tribune News Service

Econometer: Should the US subsidize chip making?

U.S. lawmakers approved about $76 billion in government subsidies this summer for American semiconductor production.

Reuters

Dutch PM Rutte denies U.S. pressure over chip export policy

The Netherlands is not feeling pressured by Washington to adopt new U.S. rules further restricting semiconductor technology exports to China, Dutch Prime Minister Mark Rutte said on Friday.

Bangkok Post

Metro banking on online channels for market share

Metro Machinery Co Ltd Group, Thailand's sole authorised dealer of heavy machinery brand Caterpillar, is expanding its business through online channels, aiming to achieve 36 billion baht in total sales this year.

StockNews.com

NVIDIA vs. Taiwan Semi: Which Chip Stock Is the Better Buy in 2023

Chip demand has been under pressure lately. However, industry executives have a positive outlook for 2023. Also, the industry is expected to witness steady growth in the long term. So, popular chip stocks NVIDIA (NVDA) and Taiwan Semiconductor Manufacturing Company (TSM) are expected to be solid beneficiaries of the industry…

StockNews.com

The Cheapest Chip Stock to Buy in 2023

Taiwan-based chipmaker United Microelectronics is trading at a discount to its peers. Although the current uncertain macroeconomic environment means that the company will continue to face soft consumer demand, the demand for chips is expected to remain strong in the long run due to their increasing applicability. Therefore, it could…

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