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The Latest Breaking News on Asian tech

S.Korea President Announces Record $19bn Plan To Boost Chip Industry

South Korea is home to the world's top memory chipmakers Samsung Electronics and SK hynix and last year pledged to build the world's largest chip center using $456 billion of private investment as it seeks an edge in the global industry.

International Business Times

After Japan’s comeback, South Korea is hoping for its own stock market boom

Seoul is undertaking reforms to counter the so-called ‘Korea discount’ dragging down the valuations of its firms.

Al Jazeera

UK retail investors increasingly betting on India, new data shows

According to data from Interactive Investor, India is by far the most popular emerging market for British retail investors, beating out China

Evening Standard

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Samsung names new CEO as company loses market share to SK hynix, hopes to retake ground as AI demand for memory increases

Samsung Electronics has named Young Hyun Jun its new Head of Device Solutions, apparently to strengthen Samsung's competitiveness in the industry, with his predecessor off to focus on future moves and vision.

Tom’s Hardware

Rapidus 'Last Opportunity' To Put Japan Back On Global Chip Map

Japan's Rapidus project that brings together some of the world's biggest companies is the "last opportunity" to put the country's once-dominant semiconductor sector back on the global map, its chairman warned.

International Business Times

Justice Dept makes arrests in North Korean identity theft scheme involving thousands of IT workers

The Justice Department has announced three arrests in a complex stolen identity scheme that officials say generates enormous proceeds for the North Korean government, including for its weapons program

The Independent UK

Applied Materials (AMAT) Earnings Preview: Buy Signal or Warning?

Applied Materials (AMAT) is all set to announce its second-quarter earnings today. However, taking into account the expected revenue and earnings decline over the prior-year quarter, is it wise to invest in AMAT prior to its earnings release? Read more to find out….

StockNews.com

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Elden Ring publisher Bandai Namco responds after ex-employee arrested for embezzling nearly $4 million by selling a whopping 4,400 mobile devices over 7 years

Bandai originally filed a civil proceeding against the individual last year

GamesRadar

3 Chip Stocks to Spark Your Portfolio

The semiconductor industry’s growth prospects look promising thanks to the soaring chip demand across various end-use sectors and the rising penetration of AI, IoT devices, and machine learning. Therefore, it could be wise to buy quality chip stocks, KLA (KLAC), Taiwan Semiconductor Manufacturing (TSM), and Everspin Technologies (MRAM) to spark…

StockNews.com

Hyderabad entrepreneur’s project Decode Millet to engage a million corporate employees

Decode Millet project by Vishala Reddy Vuyyala aims to promote millet consumption among corporate employees in eight cities.

The Hindu

Storage manufacturer SK hynix raided by South Korean regulators — investigation into supplier FADU intensifies

SK hynix is the fifth organization to be raided by South Korea's watchdog group as part of its investigation into alleged securities fraud on the part of SSD and controller manufacturer Fadu.

Tom’s Hardware

Samsung accelerates race against Intel in glass chip packaging development — glass substrates boost performance

Samsung accelerates construction of glass substrates pilot line, plans to start test production in Q1 2025.

Tom’s Hardware

Global chip materials market declined in 2023 — China is the only country to experience growth

The global semiconductor materials market contracted to $66.7 billion in 2023.

Tom’s Hardware

Congress releases Telangana-specific manifesto for Lok Sabha polls

Congress party's Telangana-specific manifesto promises ITIR revival, a bench of Supreme Court in Hyderabad, and various development projects.

The Hindu

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AnandTech

TSMC Posts Q1'24 Results: 3nm Revenue Share Drops Steeply, but HPC Share Rises

Taiwan Semiconductor Manufacturing Co. this week released its financial results for Q1 2024. Due to a rebound in demand for semiconductors, the company garned $18.87 billion in revenue for the quarter, which is up 12.9% year-over-year, but a decline of 3.8% quarter-over-quarter. The company says that in increase in demand…

Kiplinger

Why Taiwan Semiconductor Stock Is Falling After Earnings

Taiwan Semiconductor beat expectations for the first quarter but its stock is notably lower. Here's why.

International Business Times

Taiwan Chip Giant TSMC's Profits Surge On AI Demand

Taiwan Semiconductor Manufacturing Company -- whose clients include Apple and Nvidia -- controls more than half the world's output of silicon chips, which have been called the "lifeblood" of the modern world.

Tom’s Hardware

TSMC powers parts of Taipei with backup generators — Taiwan requests help as blackouts begin

Following the recent earthquake, TSMC was called on by Taiwan's state power company to provide extra power via its diesel backup generators.

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The Hindu

Sharjah govt. highlights opportunities for Indian companies to expand business globally through UAE

MYSURU hosts "One-to-One Meetings" for Indian companies to expand globally through UAE with SAIF Zone and Govt. of Sharjah.

International Business Times

US To Grant Samsung Up To $6.4 Bn For Chip Plants

The United States on Monday announced grants of up to $6.4 billion to South Korean semiconductor giant Samsung to produce cutting-edge chips in Texas.

WEKU

Samsung gets $6.4 billion to build massive semiconductor plants in central Texas

One of the facilities Samsung is building will be the size of 11 football fields, Commerce Secretary Gina Raimondo said. The new investment will create thousands of jobs, the White House said.

Top News

US Government To Invest .6 Billion In Semiconductor Chip Manufacturing

US government to invest .6 billion in TSMC for new chip plants in Arizona, boosting domestic chip production and enhancing economic security.

The Hindu

ED attaches properties worth ₹25.2 crore belonging to Methuku Ravinder and his associates in Sun Parivar ponzi scheme

Enforcement Directorate attaches ₹25.2 crore properties in Sun Parivar ponzi scheme case in Hyderabad. Methuku Ravinder cheated 10,000 investors.

The Hindu

A.P. CID files chargesheet against Chandrababu Naidu in alleged skill development scam case

A.P. CID files chargesheet against Chandrababu Naidu in alleged skill development scam case. Valuation of inventory given to the Centres of Excellence and technical Skill Development Institutes has shown excess charging, the investigating agency alleges.

Tom’s Hardware

Taiwan earthquake causes estimated $62 million in damage and disruptions for TSMC - EUV equipment reported to be safe and sound: Report

Key EUV equipment at TSMC is 'safe and sound,' with production back up to 70 or 80% capacity on the same day as the massive April 3 earthquake, according to a new report. However, the seismic interruption and damage incurred will cost TSMC approximately $62 million.

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