Japan-based companies eyeing opportunities in Southeast Asia are expanding their investments, while Shopee's financial challenges are beginning to bite as the company continues its global layoffs.
VinFast partners with Renesas for advanced automobile ICs
According to Renesas' press release, VinFast and Renesas announced a strategic collaboration in which Renesas will supply semiconductors, such as SoC, microcontrollers, and analog and power semiconductors, to assist VinFast in developing future automotive applications and mobility services.
FTP Software establishes chipmaking subsidiary
According to Business Wire, Vietnam-based ICT company FTP Software established FPT Semiconductor and released its first chip, designed in Vietnam and made in South Korea, marking an entry into the semiconductor manufacturing business.
IBIDEN switches to 100% renewable in Southeast Asia
According to IBIDEN's press release, the company announced its production subsidiary IBIDEN Philippines had converted its electricity consumption to renewable energy sources, following IBIDEN's similiar moves in Malaysia in March.
Vietnam reportedly to limit new posts on social media accounts
Reuters citing sources reported that Vietnam is planning new rules to limit which social media accounts can post news-related content amid Vietnam's tightening control over social media in recent years.
Shopee to lay off 10% employees in Thailand
Following 10% job cuts in China and 3% in Indonesia, Shopee plans to lay off 10% of employees in Thailand, affecting about 100 workers, Thaiger reports.
Jokowi asks state-owned enterprises in aiding home-grown startups
According to Jakarta Post, in a bid to boost Indonesia's digital economy to US$30 billion, Indonesia's president Joko Widodo asked state-owned enterprises and their venture capitals to be more involved in aiding home-grown startups.