Thailand's Ministry of Energy has announced that it will freeze electricity prices at THB4.18 (approximately US$0.12 ) per unit until the end of 2024. This decision aims to alleviate financial pressure on businesses and consumers amid a challenging economic environment.
Following the Acer-Indkal Technologies partnership in the smartphone market, Acer CEO Jason Chen clarified that Acer is not re-entering the smartphone market.
Singapore Telecommunications Limited (Singtel) and SK Telecom (SKT) have signed a Memorandum of Understanding (MoU) to collaborate over the next two years on developing next-generation networks, including 6G. This partnership is expected to enhance network performance and security, improve customer experience, and drive innovation in the telecommunications industry.
Belgian-based microelectronics solutions provider Melexis has inaugurated its new factory in Kuching, Sarawak, Malaysia. This facility, now Melexis' largest wafer testing plant, represents an investment of approximately EUR 70 million ($76 million).
Hoping to get the 140,000 talents needed for industrial development by 2030, Taiwan's Chip-based Industrial Innovation (CbI) Program is actively attracting international students from Southeast Asia and Central/Eastern Europe to come for internships in Taiwan.
VinFast, a Vietnam-based EV maker rapidly expanding its global presence, announced a delay in its operation for its manufacturing facility in North America, according to an official statement.
Chinese PCB manufacturers are fueling an investment boom in Southeast Asia, particularly in Thailand, as they adapt to shifting global trade dynamics and seek demand beyond their domestic market. Industry sources report that at least seven of China's top 10 PCB manufacturers have established production facilities in Thailand.
Vietnam is drafting an Investment Support Fund to attract more foreign investment. However, Intel has expressed dissatisfaction with the administrative processes, calling for the Vietnamese government to simplify and streamline the process.
Amidst the surge in demand for data centers, Singapore unveiled its Green Data Center Roadmap in May to promote sustainable practices in the industry. This ambitious plan aims to increase data center capacity by 300 megawatts (MW) in the near term while enhancing energy efficiency and reducing environmental impact.
Honda Motor Co. will consolidate its two car plants in Thailand by 2025 to deal with overcapacity and focus resources on electrification as battery electric vehicles gain popularity in the Southeast Asian nation with Chinese automakers entering the market.
Samsung Electronics Chairman Lee Jae-yong recently met with Vietnamese Prime Minister Pham Minh Chinh, discussing plans to expand investments in Vietnam.
To enhance corporate investment momentum in Taiwan and address talent shortages, Taiwan's National Development Council (NDC) said it is considering a system similar to Japan's "J-Skip" program, which allows those with a master's degree or higher, or advanced skills and a certain income level, to apply for permanent residency after just one year.
As a global leader in ICT manufacturing, Hon Hai (Foxconn) has become a bellwether of relocation trends in the manufacturing industry, as its customers increasingly demand "China+1" and "Taiwan+1" production.
Vietnam's cautious approach to offering investment incentives may have cost the country billions of dollars in potential economic benefits and development. According to reports from Reuters and Vietnamnet, citing an official document from Vietnam's Ministry of Planning and Investment, major tech companies like Intel and LG Chem bypassed Vietnam for their multi-billion dollar projects due to insufficient investment incentives.
Vietnam's Prime Minister Pham Minh Chinh recently visited South Korea from June 30 to July 3 to strengthen bilaterial ties and meet with key industry leaders.
