Geopolitical tensions have led to the rise of Vietnam as a manufacturing hub, yet production there has often been hampered by power grid instabilities and labor shortages.
With liquid cooling solutions becoming hot ticket items of late, thermal solution manufacturer Auras Technology has stepped up the expansion of its facilities in Thailand, producing Coolant Distribution Units (CDU), manifolds, and pumps locally to meet clients' demand for production diversification.
In the face of an impending climate crisis, the global carbon compliance and voluntary credit market are projected to soar to unprecedented heights, reaching a staggering US$2.68 trillion by 2028, with a compounded annual growth rate (CAGR) of 18.2%. At the forefront of this transformative shift stands FiO, a US-SG-based Web 3.0 startup poised to offer a fresh perspective on the carbon credit market.
Japan-based Toppan announced a plan to build a plant in Singapore for producing FC-BGA substrates used in chip packaging, with operations expected to begin by the end of 2026. If necessary, the plant will receive further support from Broadcom, whose headquarters is in Singapore.
US Commerce Secretary Raimondo recently announced a US$1 billion investment into the solar, EV, telecom, and digitalization sectors of the Philippines during her visit to the country.
US-based pure-play foundry GlobalFoundries is said to be in the midst of personnel restructuring, with speculation suggesting a relocation of certain job roles from Singapore and Taiwan to India. However, the company has not officially confirmed these rumors.
Ko Ja (Cayman), a maker of Membrane Touch Switches (MTS) used mainly for notebook keyboards, has been actively investing in chemical and optical materials while strengthening its foothold in the Noteook computer (NB) market by acquiring stakes in upstream supplier firms. Ko Ja's new investments are applied in the healthcare, lighting, and aesthetic medicine industries.
The shipping industry, passenger or cargo, has slowly recovered to pre-COVID-19 levels. It is worth noting that since air cargo capacities were booked up by e-commerce demand, failing to make appropriate adjustments in shipping components by air for regional production schedules may result in a breaking point in the supply chain.
Taiwan-based cloud service providers (CSP) and software companies have been increasing their investments in Southeast Asia, as they target business opportunities in the region. CloudMile has announced a new center of excellence in Malaysia, in addition to pursuing a dual-headquarter strategy in both Taipei and Singapore. Gogolook will have dual headquarters in Taipei and Bangkok, with top-level personnel based in the Thai capital.
Fluence, a leading global provider of grid-scale energy storage solutions, announced the establishment of its Taiwanese subsidiary, Fluence Energy Taiwan, at a press conference on March 12. Fluence APAC President Jan Teichmann stated that the company is now focusing on the Taiwanese market by officially launching its subsidiary following successful expansions in the Philippines, Australia, and India.
