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Monday 18 October 2021
COVID fears send 1.3 million workers fleeing Ho Chi Minh City in 3Q21
The pandemic has caused Vietnamese workers to flee the city of Ho Chi Minh. About 1.3 million people left for their hometown in the third quarter due to the pandemic, according to an official report released by General Statistics Office of Vietnam.
LATEST STORIES
Monday 18 October 2021
VMware has more employees in India than California
Cloud computing supplier VMware has been focusing more and more on its development in India and it has hired over 6,000 employees in India, much more than those at its headquarters in California, according to company CEO Raghu Raghuraman.
Friday 15 October 2021
Supply chain flexibility is crucial, says Cheney Wang, VP of supply chain and Taiwan GM of Latch
Latch was founded in 2014 by a group of former Apple employees and began trading on Nasdaq on June 7th, 2021 under LTCH. Through a SPAC listing, it raised $453 million and values over $1.5 billion. The system of Latch is designed to bring all devices and services together to make buildings "smart."
Friday 15 October 2021
Demand for non-TV-use panels remains robust, says AUO chairman
While global demand for TVs has decreased, global demand for TFT-LCD panels used in business-use notebooks and monitors, commercial and automotive displays, customized displays has been strong and is expected to remain until the end of 2021 at least, according to chairman Paul Peng for AU Optronics (AUO).
Friday 15 October 2021
Will foundry expansions lead to capacity glut?
Many IDMs and pure-play foundries, including second-tier ones, are all poised to expand their fab capacities sparking concerns that the arrival of the additional capacities could result in a glut of processed wafers.
Friday 15 October 2021
Vietnam-based unicorn VNG in no hurry for IPO
VNG, the first Vietnam-based unicorn that operates mobile communication App, online games, e-commerce, and cloud computing services, in 2017 signed an MoU with Nasdaq but has not yet applied for listing, this is because there is actually no rush for the company to undertake an IPO.
Friday 15 October 2021
US sees battery shortages by 2025
South Korean battery suppliers are expected to be the main suppliers for the US electric vehicle market until at least 2025, indicated industry sources. The US has begun building capacities to produce EV batteries locally, but given the long preceding set-up process, the undersupply of batteries in North America will continue until 2025.
Friday 15 October 2021
TSMC sees fab capacity stay tight, mulls new fab in Japan
TSMC will see its 12- and 8-inch fab capacities stay tight in 2021 and throughout 2022, and is gearing up for its next stage of growth, said company CEO CC Wei at an earnings earnings conference call held on October 14.
Thursday 14 October 2021
China power restrictions to challenge supply chains in the long term
Supply chains are moving to cope with China's power reductions in one way or another, with the prospect the restrictions may become a long-term policy and will inevitably drive up production costs, according to industry sources.
Thursday 14 October 2021
Top investment opportunities in Asia: Q&A with Christine Tsai CEO and founding partner at 500 Global
Having co-founded 500 Startups (later rebranded to 500 Global) in 2010, Christine Tsai (CT), CEO and founding partner of the company started out with a very different strategy from other venture capital firms in the Silicon Valley which were predominantly focused on the US market. She built a diversified portfolio in different industries and invests in founders across geographies and ethnic backgrounds and in emerging countries.
Thursday 14 October 2021
ASC 100: Thailand's CTW produces cables and OEM products
Established in Bangkok, Thailand in 1967, Charoong Thai Wire & Cable (CTW) is the largest telecommunication cable manufacturer in Thailand and a subsidiary of Pacific Electric Wire and Cable.
Thursday 14 October 2021
ASC 100: Thailand's Fine Metal sees 2Q21 revenue soar 127%
Established in Bangkok in 1988, Fine Metal Technologies was formerly known as Furukawa Metal (Thailand) and went public in Thailand in 1996. Fine Metal Technologies produces and sells copper tubes used in refrigerators, freezers, and air conditioners.
Thursday 14 October 2021
India's burgeoning charging networks for two-wheelers
India is expected to see booming sales and investment of electric two-wheelers, which, compared to cars, have less concerns about range issues. The world's largest two-wheeler market is catching the global trend of electrification with its mainstream transport: scooter.
Thursday 14 October 2021
Global unicorns surge in 2021: Interview with Richard Koo, principal at DNX, and Casey Lau, head of Asia at RISE
The number of newborn unicorns has again hit record levels in 2021, following a strong year in 2020. There are more than 800 unicorns around the world as of September of 2021. By geographic regions, the US still dominates in terms of the number of unicorns, followed by India and China, according to The Asia Banker.
Thursday 14 October 2021
India: The two-wheelers and three-wheelers market
India's annual sales of two-wheelers once exceeded 20 million units but dropped to about 15 million units in 2020 due to the impact of the pandemic. Hero was the top motorcycle brand, with sales of 4.73 million units followed by Honda's 3.06 million units. Homegrown manufacturer, Chennai-based TVS, was in third place with 1.8 million units, and Bajaj with 1.42 million was fourth. Japan's Suzuki and Yamaha both have deployments in India. These companies are still in their inception stages of investment in electric vehicles (EV) except Hero Group, who invested in Hero Electric to capitalize on business opportunities for electric motorcycles.
Wednesday 13 October 2021
UnaBiz raises over US$25 million in Series B round
UnaBiz, a Singapore-based Internet of Things (IoT) service provider, has raised over US$25 million in its Series B funding round led by SPARX Group. The round was oversubscribed, with participation from CDIB, G K Goh and Thaioil, according to the UnaBiz.