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Wednesday 18 May 2022
DNeX and Foxconn subsidiary to build and operate 12-inch wafer fab plant in Malaysia
Dagang NeXchange Berhad (DNeX) and Big Innovation Holdings (BIH), a wholly-owned subsidiary of Hon Hai Precision Industry (Foxconn), plan to set up a joint venture company to build and operate a new 12-inch wafer fabrication plant in Malaysia.
LATEST STORIES
Monday 9 May 2022
SEA roundup: Component shortages strain production
Component shortages continue to strain production in Southeast Asia as China adopts zero COVID policy and Russia-Ukraine war drags on.
Monday 9 May 2022
Dat Bike builds electric motorcycle in Vietnam
Vietnam-based electric two-wheeler maker Dat Bike closed its series A round fundraising led by Jungle Ventures, raising a total of US$10 million since the company was established in 2019, according to Tech Crunch.
Tuesday 3 May 2022
SEA roundup: Toyota Thailand receives subsidies for BEV
Toyota Motor Thailand has signed an agreement with Thailand's Excise Department to receive tax incentives and a subsidy for Toyota's battery electric vehicle (BEV) model bZ4X, the Bangkok Post reported on April 29. According to the department, Great Wall Motor Thailand and MG Sales Thailand have also signed such an agreement, which brings BEV taxes down from 8% to 2% until 2026 and provides a subsidy of THB70,000-150,000 to each BEV buyer. Furthermore, import duty on BEV from Japan, South Korea, and Europe will decrease to 20%, 40%, and 40% respectively.
Friday 29 April 2022
Battery recycler TES: Circular economy is crucial in battery recycling
The EV battery world is crying out for a credible plan to address the spike in battery materials prices. Lithium, for example, the price has been growing all through 2021, hitting over US$25,000 per ton by the end of last year, and now jumped to the highest at over US$40,000 per ton this month, according to Forbes.
Friday 29 April 2022
Primax to stress high-margin devices, expand Thailand production
Primax Electronics has estimated Kunshan's lockdown this month will affect up to 5% of its monthly revenue. Nonetheless, it expects a double-digit growth in the second quarter with new product portfolio, while continuing to expand its production site in Thailand.
Tuesday 26 April 2022
Lite-On to expand Thailand plant site for additional photocoupler output
Lite-On Technology plans to expand its factory site in Thailand, with additional output for photocouplers set to come online in 2023, according to company president Anson Chiu.
Tuesday 26 April 2022
Indonesia's new law removes redtapes for foreign investors
With abundant natural resources and young labor, Indonesia attracts - and needs - more foreign investment. The three largest foreign investors in Indonesia are Singapore, China (including Hong Kong), and Japan.
Monday 25 April 2022
SEA roundup: Philippines reforms restrictive old laws to attract foreign investment
The Philippines are attracting more foreign investment in telecommunication, shipping, and railways after its parliament reformed the Foreign Investment Act and Public Service Act, which had previously discouraged foreign investors from investing in the country, according to Manila Times. Notably, Starlink will soon start operating in the Philippines.
Monday 25 April 2022
Vietnam's VinFast unveils battery subscription scheme for US market
Hanoi-based carmaker VinFast has revealed a battery subscription policy for its electric SUV series VF 8 and VF 9 to be sold in the US, saying it aims to help customers "transition to electric vehicles easier."
Monday 25 April 2022
SFA Semicon Philippines net profits grow 133% in 2021
SFA Semicon Philippines, a subsidiary of South Korea-based SFA Semicon, has reported US$12.8 million in after-tax profits for the year of 2021, leaping 133% on year.
Friday 22 April 2022
UnaBiz appointed as new owner of Sigfox SA
UnaBiz, the IoT service provider and Sigfox Operator for Singapore and Taiwan, had won the bid and was appointed as the new owner of Sigfox, a French global network operator founded in 2010 that builds low-power wireless networks to connect objects such as utility meters.
Thursday 21 April 2022
Battery recycling technology provider Green Li-ion closes Series A with US$11.55 million
Singapore-based Green Li-ion, a battery recycling technology provider, closed its Series A funding round with US$11.55 million on April 20, 2022.
Wednesday 20 April 2022
CATL joins Indonesia US$6 billion EV battery project
CATL is joining a new investment project of nearly US$6 billion in Indonesia for making electric vehicle (EV) batteries, according to the Chinese company.
Monday 18 April 2022
SEA roundup: Vietnam to raise minimum monthly wage by US$11 in July
Vietnam's National Wage Council said last week that it will increase region-based minimum wages by 6% starting this July, according to Vietnamplus. The wage increase reaches as high as VND260,000 (US$11.3), bringing the minimum monthly wage in Region 1 to VND4.68 million.
Monday 18 April 2022
Earth Venture beckons to early-stage tech startups and universities for climate change solutions
Earth Venture Capital, which invests in early-stage climate-tech startups and has just closed its debut fund recently, extended invitations to Taiwanese startups and universities with innovative and scalable digital solutions to help tackle the climate change crisis.
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