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The Latest Breaking News on Asian tech

TSMC Stock Higher On Record Profits, But Muted Outlook May Cloud Apple Earnings

“Moving into first quarter 2023, as overall macroeconomic conditions remain weak, we expect our business to be further impacted by continued end market demand softness,' said CFO Wendell Huang.

The Street

Taiwan chipmaker TSMC says quarterly profit up 78%

Taiwan Semiconductor Manufacturing Co., the biggest contract manufacturer of processor chips for smartphones and other products, says its quarterly profit rose 78% over a year earlier but forecast weak demand this year

The Independent UK

Biden, Japan's Kishida expected to discuss security, global economy-U.S. official

U.S. President Joe Biden and Japan's Prime Minister Fumio Kishida are expected to discuss joint security issues as well as the global economy in summit talks on Friday, a senior administration official told Reuters.

Reuters

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Tata reviews super app strategy as sales may miss target by 50%

MUMBAI: MUMBAI: Tata Group’s ambitious super app is expected to meet just half of the sales target in its debut year, forcing the sprawling Indian corporate to review its digital strategy, people familiar with the matter said.

The Times of India

Frasers allots B5bn for industrial sector

Frasers Property Industrial Thailand (FPIT) plans to spend 5 billion baht this year to expand industrial spaces in Thailand, Vietnam and Indonesia by 250,000 square metres.

Bangkok Post

Tata Reviews Super App Strategy as Sales May Miss Target by 50%

Tata Group’s ambitious super app is expected to meet just half of the sales target in its debut year, forcing the sprawling Indian corporate to review its digital strategy, people familiar with the matter said.

Bloomberg

4 Semiconductor Stocks to Buy Hand Over Fist for 2023

Despite being marred by the macroeconomic headwinds and regulatory actions last year, the semiconductor industry’s growth prospect looks promising with significant government support. Hence, quality semiconductor stocks Taiwan Semiconductor (TSM), Broadcom (AVGO), STMicroelectronics (STM), and Photronics (PLAB) might be solid buys for 2023. Read on….

StockNews.com

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Byju’s seeks more time from lenders to recast $1.2 billion debt

BENGALURU: Byju’s, the world’s most valuable edtech startup, has sought more time from creditors to renegotiate an agreement governing a $1.2 billion loan that is in breach of covenants, according to people with knowledge of the matter.

The Times of India

North America vows to strengthen economic ties, Mexico energy row rumbles on

The United States, Mexico and Canada on Tuesday vowed to tighten economic ties, producing more goods regionally and boosting semiconductor output, even as integration is hampered by an ongoing dispute over Mexico's nationalist energy policies.

Reuters

TCS to hire over 1.25 lakh in FY24 after reporting quarterly decline in staff

MUMBAI: In a multi-year first, the country's largest software exporter TCS on Monday reported a marginal decline in its overall employees for the December 2022 quarter but announced that it will be hiring over 1.25 lakh staff in FY24.

The Times of India

Dividend, decline in employee-base: Key points from TCS Q3 results

NEW DELHI: The country's largest software exporter Tata Consultancy Services (TCS) reported an 11% rise in December quarter net profit to Rs 10,846 crore.

The Times of India

Profits up but outlook 'cautious' at Indian software giant TCS

Mumbai (AFP) - India's largest software exporter Tata Consultancy Services on Monday reported higher earnings in the December quarter, but missed expectations and warned of a "cautious" business environment in the new year.

AFP

TCS Q3 net profit jumps 11% to Rs 10,846 crore

NEW DELHI: India's largest software services firm Tata Consultancy Services (TCS) on Monday reported 11% rise in its consolidated net profit for the third quarter (Q3) ended December 31, 2022.

The Times of India

Rishi Sunak restarts talks on London listing for UK tech firm Arm

Japanese investor SoftBank thought to favour New York for computer chip designer’s IPO

The Guardian - UK

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Asharq Al-Awsat

Samsung’s Quarterly Profit Plunges to 8-Year Low on Demand Slump

Samsung Electronics Co Ltd flagged on Friday its quarterly profit tumbled by two-thirds to an eight-year low as a weakening global economy hammered memory chip prices and curbed demand for electronic devices. The dismal profit estimate by the world's largest memory chip, smartphone and TV maker - a bellwether for…

Al Jazeera

US waged war on China’s chips; S Korea, Taiwan felt the fallout

Washington’s bid for self-sufficiency in semiconductors is complicating relations with its tech-savvy partners in Asia.

Bangkok Post

IDC forecasts PC market expansion in H1

Thailand's PC market is expected to receive a boost from the "Shop Dee Mee Khuen" tax rebate scheme, a brighter economic outlook and a stronger baht in the first half of this year, says tech market research firm IDC Thailand.

The Times of India

Top international news developments of the day

Top officials are seeking alternative ways to assist homegrown chipmakers, such as lowering the cost of semiconductor materials, the people said, asking not to be identified revealing sensitive negotiations.

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Bangkok Post

Delta becomes country's biggest listed firm

Delta Electronics (Thailand) Plc has become the largest listed company on the Stock Exchange of Thailand on optimism about demand for its server, cloud-storage and EV-charging products.

StockNews.com

Better Buy in 2023: AMD or TSM?

Experts are optimistic about a market rebound in the near term. Moreover, as the semiconductor industry’s long-term prospects look bright, quality stocks Advanced Micro Devices (AMD) and Taiwan Semiconductor Manufacturing (TSM) witness stable growth. But which is the better buy in 2023? Let’s find out….

Axios

CES bets on post-pandemic bounce

Tech's mega-trade show in Las Vegas is aiming to recover some of its pre-pandemic glory.

Bangkok Post

May I interest you in wafer thin?

Tech heavyweight Taiwan Semiconductor Manufacturing Company said yesterday it started mass production of its 3-nanometre chips, among the most advanced to come to market. TSMC operates the world's largest silicon wafer factories and produces high-performance chips used in everything from smartphones and cars to missiles.

The Times of India

Reliance retail arm to acquire controlling stake in Lotus Chocolate

NEW DELHI: The retail arm of Reliance Industries has acquired 51% controlling stake in Lotus Chocolate Company, RIL said in an official release on Thursday.

AFP

Taiwan's TSMC begins mass production of 3nm chips

Tainan (Taiwan) (AFP) - Taiwanese tech giant TSMC said Thursday it had started mass production of its 3-nanometre chips, among the most advanced to come to market.

Bangkok Post

Chip Inventories Swell as Consumers Buy Fewer Gadgets

The world is now awash in chips. The oversupply marks a sharp turnaround from a global shortage during two years of supercharged demand. Consumer appetite for electronics has weakened against a backdrop of rising interest rates, a falling stock market and recession fears.

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