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Tuesday 19 April 2022
FII invests US$30 million in German startup Agile Robots
Foxconn Industrial Internet (FII) announced on April 18 it has invested US$30 million in Agile Robots AG, a Munich- and Beijing-based automation startup. This is its second strategic...
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...
Wednesday 13 April 2022
US to help strengthen India semiconductor ecosystem
Days after the visit by Intel CEO to India, semiconductor industry bodies from the US and India signed an MoU on deepening mutual relationship, highlighting the US's willingness to...
Monday 11 April 2022
US companies capture 54% of global IC market in 2021, says IC Insights
US companies captured 54% of the worldwide IC market in 2021, propelled by a 47% share of IDM sales and a 68% share of fabless sales, according to IC Insights.
Thursday 7 April 2022
VinFast invests US$2 billion in North Carolina EV factory
VinFast, the carmaker under Vietnamese Group VinGroup, plans to invest up to US$2 billion to start production of EV and EV batteries in North Carolina, US, according to multiple media...
Wednesday 6 April 2022
SEA roundup: US to strengthen trade ties with ASEAN through IPEF
The US is preparing to launch a new Indo-Pacific economic framework (IPEF) that could strengthen trade ties with ASEAN, Nikkei...
Wednesday 6 April 2022
Will Gotion manufacture in US; BYD supply Tesla?
Gotion Hi-Tech, one of the top battery manufacturers in China, has plans for a secondary listing in Switzerland through global depository receipts (GDR). The company is expecting...
Friday 1 April 2022
US to encourage domestic mining for lithium and nickel by invoking Cold War-era law
The US government is addressing the critical shortages of EV battery materials by invoking Defense Production Act (DPA) to boost domestic mineral production and reduce reliance on...
Wednesday 30 March 2022
TSMC Arizona fab unlikely to earn without government subsidies
It may be hard for TSMC to generate profits from its new advanced wafer fab in Arizona when the facility becomes operational, if the US government fails to carry out its commitment...
Tuesday 29 March 2022
Hyundai, BAIC inject US$942 million into Beijing JV
Hyundai Motor is injecting US$471 million into Beijing Hyundai, its joint venture in China with Beijing Automotive Industry (BAIC), despite weak sales, according to South Korean media...
Tuesday 29 March 2022
Stellantis and LGES to form JV for lithium-ion battery production plant in Canada
Stellantis and LG Energy Solution (LGES) have announced they will invest over CAD5 billion (US$4.1 billion) to form a joint venture that will produce lithium-ion batteries in Canada...
Monday 28 March 2022
Taiwan Taxi garners US$5 million venture capital
Taiwan Taxi's 55688 app is already the largest mobile platform in Taiwan, with about 6.5 million users, according to venture capital firm Headline Asia, which has just announced a...
Thursday 24 March 2022
Nvidia says Drive makes up US$11 billion in automotive ecosystem
Nividia has disclosed that a major electric vehicle (EV) vendor and startup firms in the car industry have joined its Drive platfform, which it says now makes uo an automtive pipilne...
Wednesday 23 March 2022
Quanta to ship automotive MPUs to tier-1 OEs in US, Europe in 2H22
Taiwan-based Quanta Computer has been working on improving its line of automotive products for years and is expected to start shipping automotive micro processor units (MPU) to European...
Monday 21 March 2022
SEA roundup: Google launches US$6 million sustainability fund for APAC NPOs
Google is providing US$6 million Sustainability Seed Fund for non-profit organizations in the Asia Pacific region that use technology to combat climate change, pollution, waste, and...